Brokerages expect Digital Turbine Inc (NASDAQ:APPS) to post earnings of $0.06 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Digital Turbine’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.06. Digital Turbine posted earnings per share of $0.04 during the same quarter last year, which would suggest a positive year over year growth rate of 50%. The business is scheduled to announce its next earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that Digital Turbine will report full year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.21. For the next fiscal year, analysts expect that the company will report earnings of $0.25 per share, with EPS estimates ranging from $0.21 to $0.30. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Digital Turbine.

APPS has been the subject of several research reports. BidaskClub cut Digital Turbine from a “strong-buy” rating to a “buy” rating in a report on Friday. B. Riley set a $7.00 price target on Digital Turbine and gave the stock a “buy” rating in a report on Monday, September 9th. Roth Capital reissued a “buy” rating and set a $9.00 price target on shares of Digital Turbine in a report on Monday, November 25th. Zacks Investment Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating and set a $7.75 price target for the company in a report on Wednesday, November 6th. Finally, ValuEngine cut Digital Turbine from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Digital Turbine has a consensus rating of “Buy” and an average target price of $6.48.

NASDAQ:APPS traded down $0.28 during mid-day trading on Friday, hitting $7.34. 2,296,133 shares of the stock were exchanged, compared to its average volume of 2,152,765. The stock has a market capitalization of $629.92 million, a price-to-earnings ratio of 146.80 and a beta of 1.59. The firm’s 50-day simple moving average is $7.86 and its 200 day simple moving average is $6.34. Digital Turbine has a fifty-two week low of $1.61 and a fifty-two week high of $9.13.

In other Digital Turbine news, CEO William Gordon Stone III sold 35,000 shares of Digital Turbine stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $8.20, for a total value of $287,000.00. Following the completion of the transaction, the chief executive officer now directly owns 974,480 shares of the company’s stock, valued at approximately $7,990,736. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michelle M. Sterling acquired 13,640 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of $7.45 per share, with a total value of $101,618.00. Following the completion of the acquisition, the director now directly owns 12,199 shares in the company, valued at $90,882.55. The disclosure for this purchase can be found here. 5.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in APPS. Metropolitan Life Insurance Co NY bought a new position in shares of Digital Turbine in the 3rd quarter valued at $118,000. Millennium Management LLC increased its stake in shares of Digital Turbine by 38.9% in the 3rd quarter. Millennium Management LLC now owns 360,849 shares of the software maker’s stock valued at $2,325,000 after purchasing an additional 101,018 shares during the last quarter. Man Group plc bought a new position in shares of Digital Turbine in the 3rd quarter valued at $543,000. Barclays PLC increased its stake in shares of Digital Turbine by 203.8% in the 3rd quarter. Barclays PLC now owns 151,515 shares of the software maker’s stock valued at $976,000 after purchasing an additional 101,635 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Digital Turbine by 2.6% in the 3rd quarter. California State Teachers Retirement System now owns 122,274 shares of the software maker’s stock valued at $788,000 after purchasing an additional 3,138 shares during the last quarter. 39.38% of the stock is owned by hedge funds and other institutional investors.

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.

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

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