Q3 2017 EPS Estimates for Digital Turbine Inc. (APPS) Cut by Analyst
Digital Turbine Inc. (NASDAQ:APPS) – Equities research analysts at Craig Hallum dropped their Q3 2017 earnings estimates for shares of Digital Turbine in a report issued on Thursday. Craig Hallum analyst M. Malouf now expects that the firm will post earnings per share of ($0.09) for the quarter, down from their prior estimate of ($0.06). Craig Hallum currently has a “Hold” rating on the stock. Craig Hallum also issued estimates for Digital Turbine’s Q4 2017 earnings at ($0.09) EPS and FY2017 earnings at ($0.39) EPS.
Digital Turbine (NASDAQ:APPS) last announced its 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. The business 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 was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) EPS.
Several other equities analysts have also recently weighed in on the company. B. Riley restated a “buy” rating and set a $1.25 price target on shares of Digital Turbine in a report on Tuesday. Zacks Investment Research cut Digital Turbine from a “hold” rating to a “sell” rating in a report on Tuesday, October 11th. Roth Capital cut Digital Turbine from a “buy” rating to a “neutral” rating in a report on Monday, September 26th. Finally, Ladenburg Thalmann upgraded Digital Turbine from a “neutral” rating to a “buy” rating and raised their price target for the company from $1.26 to $2.35 in a report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Digital Turbine presently has a consensus rating of “Hold” and an average target price of $2.40.
Shares of Digital Turbine (NASDAQ:APPS) opened at 0.925 on Monday. Digital Turbine has a 52 week low of $0.56 and a 52 week high of $1.60. The stock’s market capitalization is $61.64 million. The company has a 50-day moving average price of $0.84 and a 200 day moving average price of $1.02.
Several large investors have recently modified their holdings of the company. Paloma Partners Management Co acquired a new stake in shares of Digital Turbine during the second quarter worth about $225,000. Trellus Management Company LLC raised its stake 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 worth $503,000 after buying an additional 16,000 shares in the last quarter. White Pine Capital LLC raised its stake 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 worth $664,000 after buying an additional 68,200 shares in the last quarter. Keane Capital Partners LLC acquired a new stake in shares of Digital Turbine during the first quarter worth about $1,088,000. Finally, P.A.W. Capital Corp raised its stake 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 worth $1,049,000 after buying an additional 220,000 shares in the last quarter. 19.66% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO William Gordon Stone III bought 150,000 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was purchased at an average price of $0.86 per share, for a total transaction of $129,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.90% of the stock is owned by insiders.
Digital Turbine Company Profile
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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