Brokerages expect Digital Turbine Inc (NASDAQ:APPS) to announce earnings per share of $0.05 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Digital Turbine’s earnings. Digital Turbine reported earnings of $0.03 per share in the same quarter last year, which would suggest a positive year over year growth rate of 66.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Tuesday, June 2nd.
On average, analysts expect that Digital Turbine will report full year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.20 to $0.22. For the next financial year, analysts anticipate that the business will post earnings of $0.37 per share, with EPS estimates ranging from $0.32 to $0.40. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Digital Turbine.
A number of equities analysts have weighed in on the company. BidaskClub raised Digital Turbine from a “sell” rating to a “hold” rating in a research note on Tuesday, April 21st. ValuEngine upgraded Digital Turbine from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Zacks Investment Research downgraded Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 5th. Canaccord Genuity boosted their price objective on Digital Turbine from $8.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, B. Riley lowered their target price on Digital Turbine from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $8.30.
In related news, Director Robert M. Deutschman bought 5,000 shares of the stock in a transaction on Monday, March 9th. The shares were purchased at an average price of $6.02 per share, for a total transaction of $30,100.00. Following the acquisition, the director now owns 579,922 shares in the company, valued at $3,491,130.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mohan S. Gyani bought 12,500 shares of the stock in a transaction on Tuesday, February 25th. The shares were bought at an average price of $5.95 per share, for a total transaction of $74,375.00. Following the acquisition, the director now owns 579,922 shares in the company, valued at approximately $3,450,535.90. The disclosure for this purchase can be found here. Insiders purchased a total of 24,500 shares of company stock valued at $137,435 over the last ninety days. 5.80% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in APPS. ProShare Advisors LLC acquired a new stake in shares of Digital Turbine during the fourth quarter worth $76,000. Jefferies Group LLC acquired a new stake in shares of Digital Turbine during the fourth quarter worth $134,000. State Street Corp boosted its holdings in shares of Digital Turbine by 30.9% during the third quarter. State Street Corp now owns 1,724,788 shares of the software maker’s stock worth $11,116,000 after purchasing an additional 406,840 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Digital Turbine during the fourth quarter worth $76,000. Finally, Calamos Advisors LLC boosted its holdings in shares of Digital Turbine by 0.7% during the fourth quarter. Calamos Advisors LLC now owns 437,305 shares of the software maker’s stock worth $3,118,000 after purchasing an additional 2,947 shares during the last quarter. Hedge funds and other institutional investors own 51.35% of the company’s stock.
About Digital Turbine
Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application developers, device original equipment manufacturers (OEMs), and other third parties worldwide. It provides Ignite, a software platform that enables mobile operators and OEMs to control, manage, and monetize devices.
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