Shares of Digital Turbine Inc. (NASDAQ:APPS) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $1.58.

Several research firms recently weighed in on APPS. B. Riley reissued a “buy” rating and set a $1.70 price objective on shares of Digital Turbine in a research report on Monday, August 15th. Zacks Investment Research cut Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, October 11th. Roth Capital cut Digital Turbine from a “buy” rating to a “neutral” rating in a research report on Monday, September 26th. Craig Hallum cut Digital Turbine from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Finally, Ladenburg Thalmann raised 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 report on Wednesday, August 31st.

In other news, CEO William Gordon Stone III purchased 150,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were purchased at an average cost of $0.86 per share, for a total transaction of $129,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Trellus Management Company LLC raised its stake in 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 in the last quarter. Equitec Proprietary Markets LLC raised its stake 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. White Pine Capital LLC raised its stake in 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 in the last quarter. 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 valued at $1,426,000 after buying an additional 113,300 shares in the last quarter. Finally, Keane Capital Partners LLC raised its stake 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. Institutional investors own 19.66% of the company’s stock.

Shares of Digital Turbine (NASDAQ:APPS) opened at 0.9298 on Tuesday. Digital Turbine has a one year low of $0.56 and a one year high of $1.60. The company’s market cap is $61.96 million. The company has a 50 day moving average price of $0.84 and a 200 day moving average price of $1.02.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.03. Digital Turbine had a negative return on equity of 32.86% and a negative net margin of 28.11%. The company earned $22.80 million during the quarter, compared to analyst estimates of $24.72 million. During the same period in the prior year, the firm earned ($0.14) EPS. Digital Turbine’s quarterly revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that Digital Turbine will post ($0.32) earnings per share for the current year.

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.

5 Day Chart for NASDAQ:APPS

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