Brokers Set Expectations for Digital Turbine, Inc.’s FY2017 Earnings (APPS)

Digital Turbine, Inc. (NASDAQ:APPS) – Research analysts at B. Riley boosted their FY2017 earnings per share estimates for Digital Turbine in a research report issued on Thursday. B. Riley analyst S. Sinha now anticipates that the firm will earn ($0.34) per share for the year, up from their prior estimate of ($0.38). B. Riley currently has a “Buy” rating and a $1.15 target price on the stock. B. Riley also issued estimates for Digital Turbine’s Q4 2017 earnings at ($0.08) EPS, Q1 2018 earnings at ($0.07) EPS, Q2 2018 earnings at ($0.06) EPS and Q4 2018 earnings at ($0.04) EPS.

Digital Turbine (NASDAQ:APPS) last released its earnings results on Thursday, February 9th. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. Digital Turbine had a negative return on equity of 33.93% and a negative net margin of 25.22%. The business had revenue of $22.30 million for the quarter, compared to the consensus estimate of $24.45 million. During the same period in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was down 7.5% compared to the same quarter last year.

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

Separately, Zacks Investment Research cut Digital Turbine from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $1.48.

Shares of Digital Turbine (NASDAQ:APPS) opened at 0.73 on Monday. The firm has a 50-day moving average price of $0.69 and a 200 day moving average price of $0.90. The company’s market capitalization is $48.64 million. Digital Turbine has a 12-month low of $0.56 and a 12-month high of $1.56.

In related news, Director Robert M. Deutschman acquired 150,000 shares of the firm’s stock in a transaction dated Thursday, December 8th. The stock was acquired at an average price of $0.61 per share, with a total value of $91,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 4.80% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was published by sleekmoney and is the property of of sleekmoney. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international copyright law. The correct version of this report can be accessed at http://sleekmoney.com/brokers-set-expectations-for-digital-turbine-inc-s-fy2017-earnings-apps/1657711.html.

An institutional investor recently raised its position in Digital Turbine stock. Perkins Capital Management Inc. boosted its position in Digital Turbine, Inc. (NASDAQ:APPS) by 221.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,013,080 shares of the company’s stock after buying an additional 697,655 shares during the period. Perkins Capital Management Inc. owned 1.52% of Digital Turbine worth $1,064,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 19.67% of the company’s stock.

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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