Digital Turbine Inc. (NASDAQ:APPS) shares traded up 10% during mid-day trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $0.90 and last traded at $0.92, with a volume of 313,969 shares traded. The stock had previously closed at $0.84.

Specifically, CEO William Gordon Stone III purchased 150,000 shares of Digital Turbine stock in a transaction dated Monday, November 14th. The shares were bought at an average cost of $0.86 per share, for a total transaction of $129,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.90% of the company’s stock.

APPS has been the topic of a number of recent analyst reports. Craig Hallum lowered Digital Turbine from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. Roth Capital lowered Digital Turbine from a “buy” rating to a “neutral” rating in a research note on Monday, September 26th. Ladenburg Thalmann raised Digital Turbine from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $1.26 to $2.35 in a research note on Wednesday, August 31st. Zacks Investment Research lowered Digital Turbine from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Finally, B. Riley reaffirmed a “buy” rating and issued a $1.25 price objective on shares of Digital Turbine in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $2.40.

The firm’s market cap is $61.64 million. The stock’s 50-day moving average is $0.84 and its 200 day moving average is $1.02.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.08) by $0.03. The firm had revenue of $22.80 million for the quarter, compared to the consensus estimate of $24.72 million. Digital Turbine had a negative net margin of 28.11% and a negative return on equity of 32.86%. Digital Turbine’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share. On average, equities research analysts anticipate that Digital Turbine Inc. will post ($0.31) EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Trellus Management Company LLC raised its position in shares of Digital Turbine by 3.5% in the second quarter. Trellus Management Company LLC now owns 470,100 shares of the company’s stock valued at $503,000 after buying an additional 16,000 shares during the period. Equitec Proprietary Markets LLC raised its position in shares of Digital Turbine by 3.5% in the second quarter. Equitec Proprietary Markets LLC now owns 1,606,872 shares of the company’s stock valued at $1,719,000 after buying an additional 53,972 shares during the period. P.A.W. Capital Corp raised its position in shares of Digital Turbine by 28.9% in the second quarter. P.A.W. Capital Corp now owns 980,000 shares of the company’s stock valued at $1,049,000 after buying an additional 220,000 shares during the period. S Squared Technology LLC raised its position in shares of Digital Turbine by 9.3% in the second quarter. S Squared Technology LLC now owns 1,332,320 shares of the company’s stock valued at $1,426,000 after buying an additional 113,300 shares during the period. Finally, White Pine Capital LLC raised its position in shares of Digital Turbine by 12.3% in the second quarter. White Pine Capital LLC now owns 620,675 shares of the company’s stock valued at $664,000 after buying an additional 68,200 shares during the period. Hedge funds and other institutional investors own 19.66% of the company’s stock.

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.

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