Digital Turbine Inc. (NASDAQ:APPS) CEO William Gordon Stone III acquired 150,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were acquired at an average cost 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 available through this hyperlink.

Digital Turbine Inc. (NASDAQ:APPS) opened at 0.8993 on Thursday. The stock’s market capitalization is $59.92 million. Digital Turbine Inc. has a one year low of $0.56 and a one year high of $1.60. The firm has a 50-day moving average of $0.84 and a 200 day moving average of $1.02.

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

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

A number of hedge funds and other institutional investors have recently bought and sold shares of APPS. Equitec Proprietary Markets LLC increased its position in 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 in the last quarter. S Squared Technology LLC increased its position 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 valued at $1,426,000 after buying an additional 113,300 shares in the last quarter. Keane Capital Partners LLC increased its position in Digital Turbine by 19.5% in the second quarter. Keane Capital Partners LLC now owns 1,093,064 shares of the company’s stock valued at $1,170,000 after buying an additional 178,423 shares in the last quarter. Perkins Capital Management Inc. increased its position 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 valued at $1,064,000 after buying an additional 697,655 shares in the last quarter. Finally, P.A.W. Capital Corp increased its position 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 valued at $1,049,000 after buying an additional 220,000 shares in the last quarter. 19.66% of the stock is currently owned by institutional investors.

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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