Equity research analysts predict that Digital Turbine, Inc. (NASDAQ: APPS – Get a rating) will post earnings of $0.40 per share for the current fiscal quarter, according to Zacks. Two analysts provided estimates for Digital Turbine’s earnings, with estimates ranging from $0.39 to $0.41. Digital Turbine reported earnings per share of $0.25 in the same quarter last year, indicating a positive growth rate of 60% year over year. The company is expected to release its next earnings report after the market closes on Monday, January 1.
According to Zacks, analysts expect Digital Turbine to report annual earnings of $1.67 per share for the current year, with EPS estimates ranging from $1.66 to $1.68. For the next fiscal year, analysts expect the company to report earnings of $2.13 per share, with EPS estimates ranging from $1.74 to $2.51. Zacks Investment Research EPS averages are an average based on a survey of analysts who cover Digital Turbine.
APPS has been the subject of several research analyst reports. Macquarie cut its price target on Digital Turbine from $80.00 to $70.00 and set an “outperform” rating for the company in a Wednesday, February 9 report. StockNews.com began covering Digital Turbine in a report on Thursday, March 31. They set a “sell” rating for the company. One analyst rated the security with a sell rating, one issued a hold rating and four issued a buy rating for the security. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $101.20.
Shares of Stock of digital turbines traded at $1.50 during Wednesday’s trading, reaching $23.65. The stock recorded a trading volume of 2,875,336 shares, compared to an average volume of 3,272,564 shares. The company has a debt ratio of 0.70, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $2.29 billion, a P/E ratio of 51.41, a PEG ratio of 0.29 and a beta of 2.34. The company has a fifty-day moving average of $34.96 and a two-hundred-day moving average of $45.55. Digital Turbine has a fifty-two week low of $21.43 and a fifty-two week high of $93.98.
In other Digital Turbine news, Director Robert M. Deutschman bought 15,000 shares of the company in a transaction that took place on Monday, March 14. The shares were purchased at an average price of $31.66 per share, for a total transaction of $474,900.00. The acquisition was disclosed in a filing with the SEC, accessible via the SEC website. Also, director Michelle M. Sterling acquired 1,000 shares of Digital Turbine in a transaction on Monday, March 7. The shares were purchased at an average price of $36.79 per share, with a total value of $36,790.00. Disclosure of this purchase can be found here. Company insiders own 5.60% of the company’s shares.
Several hedge funds and other institutional investors have recently increased or reduced their stake in APPS. Guardian Wealth Management Inc. bought a new position in Digital Turbine stock in Q4 worth $26,000. Spire Wealth Management increased its holdings in Digital Turbine by 675.7% during the fourth quarter. Spire Wealth Management now owns 574 shares of the software maker worth $35,000 after acquiring an additional 500 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Digital Turbine during the first quarter worth approximately $31,000. Marshall Wace LLP bought a new position in Digital Turbine during the fourth quarter worth approximately $45,000. Finally, Quantbot Technologies LP bought a new position in Digital Turbine during the first quarter worth approximately $58,000. 63.38% of the shares are held by institutional investors.
Digital Turbine Company Profile (Get a rating)
Digital Turbine, Inc, through its subsidiaries, provides multimedia and mobile communication products and solutions to mobile operators, application advertisers, publishers, original equipment manufacturers (OEMs) and other third parties. Its application media software platform that enables mobile operators and OEMs to control, manage and monetize devices.
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