Brokerages Expect Digital Turbine Inc (NASDAQ:APPS) to Post $0.06 Earnings Per Share

Analysts expect Digital Turbine Inc (NASDAQ:APPS) to announce earnings per share (EPS) of $0.06 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Digital Turbine’s earnings, with estimates ranging from $0.05 to $0.06. Digital Turbine posted earnings per share of $0.04 during the same quarter last year, which would indicate a positive year over year growth rate of 50%. The firm is expected to report its next quarterly earnings report on Tuesday, February 4th.

On average, analysts expect that Digital Turbine will report full year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.21. For the next fiscal year, analysts forecast that the firm will report earnings of $0.25 per share, with EPS estimates ranging from $0.21 to $0.30. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Digital Turbine.

Several brokerages have commented on APPS. BidaskClub downgraded Digital Turbine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. Zacks Investment Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating and set a $7.75 price target on the stock in a report on Wednesday, November 6th. B. Riley set a $7.00 price target on Digital Turbine and gave the stock a “buy” rating in a report on Monday, September 9th. Finally, ValuEngine cut Digital Turbine from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Digital Turbine has an average rating of “Buy” and an average price target of $6.06.

In other news, CEO William Gordon Stone III sold 35,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $8.20, for a total transaction of $287,000.00. Following the sale, the chief executive officer now directly owns 974,480 shares in the company, valued at $7,990,736. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michelle M. Sterling purchased 13,640 shares of Digital Turbine stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of $7.45 per share, for a total transaction of $101,618.00. Following the completion of the acquisition, the director now owns 12,199 shares of the company’s stock, valued at approximately $90,882.55. The disclosure for this purchase can be found here. Insiders own 5.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Cornerstone Wealth Group LLC grew its holdings in shares of Digital Turbine by 14.4% during the third quarter. Cornerstone Wealth Group LLC now owns 14,300 shares of the software maker’s stock worth $92,000 after purchasing an additional 1,800 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Digital Turbine by 10.1% during the second quarter. GSA Capital Partners LLP now owns 53,300 shares of the software maker’s stock worth $267,000 after purchasing an additional 4,900 shares during the last quarter. Rhumbline Advisers boosted its holdings in Digital Turbine by 6.6% in the third quarter. Rhumbline Advisers now owns 82,568 shares of the software maker’s stock valued at $532,000 after acquiring an additional 5,095 shares during the last quarter. Advisory Services Network LLC boosted its holdings in Digital Turbine by 3.4% in the second quarter. Advisory Services Network LLC now owns 181,004 shares of the software maker’s stock valued at $905,000 after acquiring an additional 5,942 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Digital Turbine in the second quarter valued at approximately $32,000. Institutional investors own 37.08% of the company’s stock.

NASDAQ APPS traded up $0.18 during trading on Thursday, hitting $8.39. 2,564,140 shares of the company’s stock were exchanged, compared to its average volume of 1,672,969. The company has a market cap of $683.09 million, a PE ratio of 167.80 and a beta of 1.45. Digital Turbine has a fifty-two week low of $1.54 and a fifty-two week high of $8.54. The stock’s 50 day moving average price is $6.92 and its two-hundred day moving average price is $5.79.

About Digital Turbine

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.

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Earnings History and Estimates for Digital Turbine (NASDAQ:APPS)

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