Digital Turbine Inc. (NASDAQ:APPS) – Equities research analysts at Roth Capital reduced their Q3 2017 earnings per share estimates for shares of Digital Turbine in a report issued on Thursday. Roth Capital analyst B. Alger now forecasts that the brokerage will post earnings of ($0.08) per share for the quarter, down from their previous estimate of ($0.03). Roth Capital currently has a “Neutral” rating on the stock. Roth Capital also issued estimates for Digital Turbine’s Q4 2017 earnings at ($0.04) EPS, FY2017 earnings at ($0.35) EPS and FY2018 earnings at $0.04 EPS.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Wednesday, November 9th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.03. Digital Turbine had a negative net margin of 28.11% and a negative return on equity of 32.86%. The firm had revenue of $22.80 million for the quarter, compared to analysts’ expectations of $24.72 million. During the same period in the prior year, the company earned ($0.14) EPS. The firm’s quarterly revenue was up 10.1% on a year-over-year basis.

Earnings History and Estimates for Digital Turbine (NASDAQ:APPS)

APPS has been the subject of a number of other research reports. Craig Hallum cut Digital Turbine from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Ladenburg Thalmann upgraded Digital Turbine from a “neutral” rating to a “buy” rating and raised their target price for the company from $1.26 to $2.35 in a research note on Wednesday, August 31st. Zacks Investment Research cut Digital Turbine from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Finally, B. Riley reiterated a “buy” rating and set a $1.25 price objective on shares of Digital Turbine in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Digital Turbine currently has a consensus rating of “Hold” and a consensus price target of $2.40.

Digital Turbine (NASDAQ:APPS) opened at 0.78 on Monday. The stock’s 50 day moving average price is $0.85 and its 200-day moving average price is $1.02. Digital Turbine has a 12 month low of $0.56 and a 12 month high of $1.60. The stock’s market cap is $51.97 million.

Several hedge funds have recently bought and sold shares of the company. Keane Capital Partners LLC acquired a new stake in Digital Turbine during the first quarter worth approximately $1,088,000. Perkins Capital Management Inc. raised its stake in Digital Turbine by 221.2% in the third quarter. Perkins Capital Management Inc. now owns 1,013,080 shares of the company’s stock worth $1,064,000 after buying an additional 697,655 shares during the last quarter. P.A.W. Capital Corp raised its stake in Digital Turbine by 28.9% in the second quarter. P.A.W. Capital Corp now owns 980,000 shares of the company’s stock worth $1,049,000 after buying an additional 220,000 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Digital Turbine during the second quarter worth approximately $225,000. Finally, S Squared Technology LLC raised its stake in Digital Turbine by 9.3% in the second quarter. S Squared Technology LLC now owns 1,332,320 shares of the company’s stock worth $1,426,000 after buying an additional 113,300 shares during the last quarter. 19.66% of the stock is owned by institutional investors and hedge funds.

About Digital Turbine

Digital Turbine, Inc is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content.

5 Day Chart for NASDAQ:APPS

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