Digital Turbine, Inc. (NASDAQ:APPS) – B. Riley increased their Q1 2018 earnings per share estimates for shares of Digital Turbine in a research report issued on Thursday. B. Riley analyst S. Sinha now forecasts that the software maker will post earnings per share of ($0.05) for the quarter, up from their previous estimate of ($0.07). B. Riley currently has a “Buy” rating and a $1.40 target price on the stock. B. Riley also issued estimates for Digital Turbine’s Q2 2018 earnings at ($0.04) EPS, Q4 2018 earnings at ($0.03) EPS and FY2018 earnings at ($0.15) EPS.
Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Wednesday, June 14th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.02. Digital Turbine had a negative return on equity of 38.00% and a negative net margin of 26.59%. The firm had revenue of $22.40 million during the quarter, compared to analysts’ expectations of $21.40 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The firm’s revenue was down 2.6% compared to the same quarter last year.
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Other research analysts also recently issued reports about the company. Ladenburg Thalmann Financial Services lifted their target price on Digital Turbine from $1.25 to $2.00 and gave the stock a “buy” rating in a report on Friday, June 16th. Roth Capital upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating in a report on Thursday, March 30th. Craig Hallum raised shares of Digital Turbine from a “hold” rating to a “buy” rating and lifted their target price for the stock from $1.10 to $1.50 in a research report on Tuesday, April 25th. Finally, Zacks Investment Research cut shares of Digital Turbine from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1.63.
Shares of Digital Turbine (NASDAQ:APPS) traded up 0.0097% during mid-day trading on Monday, reaching $1.0301. 18,517 shares of the company’s stock traded hands. The company’s market capitalization is $68.61 million. Digital Turbine has a 1-year low of $0.56 and a 1-year high of $1.56. The firm has a 50-day moving average price of $1.11 and a 200-day moving average price of $0.88.
A number of hedge funds and other institutional investors have recently modified their holdings of APPS. Weiss Multi Strategy Advisers LLC bought a new position in shares of Digital Turbine during the first quarter worth about $188,000. Geode Capital Management LLC raised its stake in Digital Turbine by 0.6% in the first quarter. Geode Capital Management LLC now owns 247,200 shares of the software maker’s stock worth $232,000 after buying an additional 1,374 shares during the last quarter. Vanguard Group Inc. raised its stake in Digital Turbine by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,340,701 shares of the software maker’s stock worth $1,261,000 after buying an additional 21,692 shares during the last quarter. Trellus Management Company LLC raised its stake in Digital Turbine by 5.2% in the first quarter. Trellus Management Company LLC now owns 516,325 shares of the software maker’s stock worth $485,000 after buying an additional 25,740 shares during the last quarter. Finally, Perkins Capital Management Inc. raised its stake in Digital Turbine by 1.2% in the first quarter. Perkins Capital Management Inc. now owns 898,080 shares of the software maker’s stock worth $844,000 after buying an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 17.75% 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.
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