Digital Turbine Inc (APPS) Given Consensus Rating of “Buy” by Brokerages

Digital Turbine Inc (NASDAQ:APPS) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $2.10.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Digital Turbine from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. ValuEngine raised Digital Turbine from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. B. Riley raised their price objective on Digital Turbine from $2.50 to $2.80 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Roth Capital restated a “buy” rating on shares of Digital Turbine in a report on Monday, December 4th.

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Several hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Digital Turbine by 239.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 69,500 shares of the software maker’s stock valued at $124,000 after purchasing an additional 49,049 shares in the last quarter. White Pine Capital LLC lifted its holdings in shares of Digital Turbine by 6.3% in the fourth quarter. White Pine Capital LLC now owns 1,051,025 shares of the software maker’s stock valued at $1,881,000 after purchasing an additional 61,900 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Digital Turbine by 17.4% in the fourth quarter. Deutsche Bank AG now owns 447,591 shares of the software maker’s stock valued at $801,000 after purchasing an additional 66,242 shares in the last quarter. EAM Investors LLC lifted its holdings in shares of Digital Turbine by 49.7% in the fourth quarter. EAM Investors LLC now owns 461,156 shares of the software maker’s stock valued at $825,000 after purchasing an additional 153,056 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Digital Turbine by 20.9% in the fourth quarter. Renaissance Technologies LLC now owns 945,874 shares of the software maker’s stock valued at $1,693,000 after purchasing an additional 163,700 shares in the last quarter. Institutional investors own 22.57% of the company’s stock.

Shares of APPS stock opened at $2.11 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.20. Digital Turbine has a one year low of $0.86 and a one year high of $2.59. The company has a market capitalization of $171.33, a P/E ratio of -6.81 and a beta of 1.33.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Wednesday, February 7th. The software maker reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03). Digital Turbine had a negative net margin of 18.66% and a negative return on equity of 22.65%. The firm had revenue of $38.03 million during the quarter, compared to analyst estimates of $31.09 million. equities research analysts expect that Digital Turbine will post -0.23 EPS for the current fiscal year.

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About Digital Turbine

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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