Digital Turbine Inc (NASDAQ:APPS) CEO William Gordon Stone III bought 12,500 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $7.02 per share, with a total value of $87,750.00.
Shares of NASDAQ:APPS opened at $7.02 on Friday. The firm has a market capitalization of $554.36 million, a PE ratio of -77.99 and a beta of 1.57. The business has a 50-day moving average of $7.02 and a two-hundred day moving average of $7.08. Digital Turbine Inc has a 12 month low of $2.65 and a 12 month high of $9.13.
Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Monday, February 10th. The software maker reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $36.02 million during the quarter, compared to analysts’ expectations of $37.58 million. Digital Turbine had a positive return on equity of 30.89% and a negative net margin of 5.35%. As a group, research analysts predict that Digital Turbine Inc will post 0.17 EPS for the current year.
APPS has been the topic of several recent analyst reports. Zacks Investment Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating and set a $7.75 target price on the stock in a research report on Wednesday, November 6th. National Securities began coverage on Digital Turbine in a report on Tuesday, December 17th. They issued a “buy” rating and a $11.00 price target for the company. Roth Capital reaffirmed a “buy” rating and set a $9.00 price objective on shares of Digital Turbine in a research note on Monday, November 25th. B. Riley reiterated a “buy” rating and set a $8.75 price objective on shares of Digital Turbine in a report on Monday. Finally, Canaccord Genuity reissued a “buy” rating on shares of Digital Turbine in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $7.66.
Digital Turbine Company Profile
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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