Digital Turbine Inc. (NASDAQ:APPS) – Roth Capital dropped their Q2 2017 earnings per share estimates for shares of Digital Turbine in a research report issued to clients and investors on Monday. Roth Capital analyst B. Alger now forecasts that the brokerage will post earnings of ($0.08) per share for the quarter, down from their prior estimate of ($0.07). Roth Capital currently has a “Neutral” rating on the stock. Roth Capital also issued estimates for Digital Turbine’s Q3 2017 earnings at ($0.04) EPS, Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.26) EPS and FY2018 earnings at $0.00 EPS.
Digital Turbine (NASDAQ:APPS) last posted its earnings results on Tuesday, August 9th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by $0.03. Digital Turbine had a negative return on equity of 30.82% and a negative net margin of 29.61%. The business earned $24.04 million during the quarter, compared to analyst estimates of $23.82 million. During the same quarter in the prior year, the company earned ($0.22) EPS. The company’s revenue was up 28.6% on a year-over-year basis.
A number of other equities analysts have also recently commented on APPS. B. Riley reiterated a “buy” rating and issued a $1.70 target price on shares of Digital Turbine in a research report on Friday, June 10th. Ladenburg Thalmann lowered shares of Digital Turbine from a “buy” rating to a “neutral” rating in a report on Tuesday, June 14th. Leerink Swann lowered shares of Digital Turbine from a “buy” rating to a “neutral” rating and set a $1.15 price target on the stock. in a report on Tuesday, June 14th. Finally, Zacks Investment Research raised shares of Digital Turbine from a “sell” rating to a “hold” rating and set a $1.25 price target on the stock in a report on Tuesday, June 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.83.
Digital Turbine (NASDAQ:APPS) traded up 0.0400% during midday trading on Wednesday, hitting $0.9994. 9,475 shares of the company were exchanged. The firm’s market capitalization is $66.59 million. Digital Turbine has a 1-year low of $0.73 and a 1-year high of $1.97. The stock has a 50 day moving average of $1.18 and a 200 day moving average of $1.08.
Large investors have recently made changes to their positions in the stock. Paloma Partners Management Co bought a new stake in shares of Digital Turbine during the second quarter worth $225,000. Geode Capital Management LLC raised its stake in shares of Digital Turbine by 7.4% in the first quarter. Geode Capital Management LLC now owns 257,594 shares of the company’s stock worth $306,000 after buying an additional 17,789 shares during the last quarter. Trellus Management Company LLC raised its stake in shares of Digital Turbine by 3.5% in the second quarter. Trellus Management Company LLC now owns 470,100 shares of the company’s stock worth $503,000 after buying an additional 16,000 shares during the last quarter. State Street Corp raised its stake in shares of Digital Turbine by 29.2% in the first quarter. State Street Corp now owns 506,334 shares of the company’s stock worth $605,000 after buying an additional 114,424 shares during the last quarter. Finally, White Pine Capital LLC raised its stake in shares of Digital Turbine by 12.3% in the second quarter. White Pine Capital LLC now owns 620,675 shares of the company’s stock worth $664,000 after buying an additional 68,200 shares during the last quarter. 18.88% of the stock is currently owned by hedge funds and other institutional investors.
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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