Equities analysts predict that Digital Turbine (NASDAQ:APPS) will post ($0.01) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Digital Turbine’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.00. Digital Turbine posted earnings per share of ($0.10) in the same quarter last year, which would suggest a positive year over year growth rate of 90%. The firm is expected to issue its next quarterly earnings results on Wednesday, June 13th.
On average, analysts expect that Digital Turbine will report full-year earnings of ($0.02) per share for the current year, with EPS estimates ranging from ($0.03) to $0.00. For the next year, analysts forecast that the business will report earnings of $0.07 per share, with EPS estimates ranging from $0.03 to $0.12. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Digital Turbine.
Get Digital Turbine alerts:A number of analysts have recently issued reports on the stock. ValuEngine lowered shares of Digital Turbine from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, B. Riley lifted their price objective on shares of Digital Turbine from $2.50 to $2.80 and gave the company a “buy” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $2.01.
Shares of APPS traded up $0.09 during mid-day trading on Thursday, reaching $1.80. 613,853 shares of the stock traded hands, compared to its average volume of 539,029. Digital Turbine has a 12-month low of $0.94 and a 12-month high of $2.59. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Unterberg Capital LLC increased its stake in shares of Digital Turbine by 18.5% in the fourth quarter. Unterberg Capital LLC now owns 1,600,000 shares of the software maker’s stock worth $2,864,000 after buying an additional 250,000 shares during the last quarter. EAM Investors LLC increased its stake 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 worth $825,000 after buying an additional 153,056 shares during the last quarter. White Pine Capital LLC increased its stake 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 worth $1,881,000 after buying an additional 61,900 shares during the last quarter. Renaissance Technologies LLC increased its stake 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 worth $1,693,000 after buying an additional 163,700 shares during the last quarter. Finally, Deutsche Bank AG increased its stake 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 worth $801,000 after buying an additional 66,242 shares during the last quarter. Institutional investors own 22.24% of the company’s stock.
Digital Turbine Company Profile
Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, app advertisers, device original equipment manufacturers, and other third parties worldwide. It operates through two segments, Advertising and Content. The Advertising segment offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices; Discover software, which provides application installation and management, as well as detailed reporting to advertisers and carriers; and mobile user acquisition platform that allows mobile advertisers to engage with right customers for their applications.
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