Brokerages expect that Digital Turbine (NASDAQ:APPS) will post sales of $30.28 million for the current quarter, according to Zacks. Three analysts have issued estimates for Digital Turbine’s earnings. The highest sales estimate is $31.06 million and the lowest is $28.78 million. Digital Turbine reported sales of $22.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 35.2%. The company is expected to announce its next earnings results on Wednesday, June 13th.

On average, analysts expect that Digital Turbine will report full-year sales of $123.05 million for the current financial year, with estimates ranging from $123.00 million to $123.10 million. For the next year, analysts forecast that the business will report sales of $135.92 million per share, with estimates ranging from $131.65 million to $141.60 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Digital Turbine.

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Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Digital Turbine had a negative net margin of 18.66% and a negative return on equity of 22.65%. The business had revenue of $38.03 million during the quarter, compared to analyst estimates of $31.09 million.

A number of brokerages recently issued reports on APPS. Zacks Investment Research cut shares of Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, April 10th. B. Riley increased their target price on shares of Digital Turbine from $2.50 to $2.80 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, ValuEngine cut shares of Digital Turbine from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $1.91.

Shares of APPS stock opened at $1.75 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84. Digital Turbine has a 52-week low of $0.88 and a 52-week high of $2.59.

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in shares of Digital Turbine by 239.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 69,500 shares of the software maker’s stock worth $124,000 after purchasing an additional 49,049 shares in the last quarter. Lyon Street Capital LLC acquired a new stake in shares of Digital Turbine during the 4th quarter worth about $306,000. Millennium Management LLC increased its position in shares of Digital Turbine by 178.3% during the 4th quarter. Millennium Management LLC now owns 311,196 shares of the software maker’s stock worth $557,000 after purchasing an additional 199,392 shares in the last quarter. Deutsche Bank AG increased its position in shares of Digital Turbine by 17.4% during the 4th quarter. Deutsche Bank AG now owns 447,591 shares of the software maker’s stock worth $801,000 after purchasing an additional 66,242 shares in the last quarter. Finally, EAM Investors LLC increased its position in shares of Digital Turbine by 49.7% during the 4th quarter. EAM Investors LLC now owns 461,156 shares of the software maker’s stock worth $825,000 after purchasing an additional 153,056 shares in the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

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Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, app advertisers, device original equipment manufacturers, and other third parties worldwide. It operates through two segments, Advertising and Content. The Advertising segment offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices; Discover software, which provides application installation and management, as well as detailed reporting to advertisers and carriers; and mobile user acquisition platform that allows mobile advertisers to engage with right customers for their applications.

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

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