Digital Turbine Inc (NASDAQ:APPS) – B. Riley issued their FY2021 earnings per share estimates for shares of Digital Turbine in a research report issued on Wednesday, February 6th. B. Riley analyst S. Sinha forecasts that the software maker will post earnings per share of $0.12 for the year.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Tuesday, February 5th. The software maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Digital Turbine had a negative net margin of 38.60% and a positive return on equity of 1.62%. The business had revenue of $30.41 million during the quarter, compared to analysts’ expectations of $28.95 million.

APPS has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a research report on Monday, February 4th. TheStreet upgraded shares of Digital Turbine from a “d” rating to a “c” rating in a research report on Tuesday, November 6th. National Securities set a $4.00 price target on shares of Digital Turbine and gave the company a “buy” rating in a research report on Tuesday, November 6th. Finally, ValuEngine upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a research report on Friday, January 4th.

Shares of APPS opened at $2.54 on Friday. Digital Turbine has a 1-year low of $1.12 and a 1-year high of $2.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.89 and a quick ratio of 0.82.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc grew its holdings in shares of Digital Turbine by 0.4% in the third quarter. Vanguard Group Inc now owns 2,847,934 shares of the software maker’s stock valued at $3,532,000 after purchasing an additional 12,400 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Digital Turbine by 5.1% in the fourth quarter. BlackRock Inc. now owns 349,869 shares of the software maker’s stock valued at $640,000 after purchasing an additional 16,845 shares in the last quarter. National Asset Management Inc. grew its holdings in shares of Digital Turbine by 5.4% in the third quarter. National Asset Management Inc. now owns 629,475 shares of the software maker’s stock valued at $781,000 after purchasing an additional 32,200 shares in the last quarter. B. Riley Financial Inc. grew its holdings in shares of Digital Turbine by 506.9% in the third quarter. B. Riley Financial Inc. now owns 65,850 shares of the software maker’s stock valued at $82,000 after purchasing an additional 55,000 shares in the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Digital Turbine by 23.9% in the third quarter. Acadian Asset Management LLC now owns 302,265 shares of the software maker’s stock valued at $374,000 after purchasing an additional 58,349 shares in the last quarter. Hedge funds and other institutional investors own 21.86% of the company’s stock.

About Digital Turbine

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.

Featured Story: What does cost of debt say about a company’s financial health?

Receive News & Ratings for Digital Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Turbine and related companies with MarketBeat.com's FREE daily email newsletter.