Headlines about Digital Turbine (NASDAQ:APPS) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Digital Turbine earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 45.4533660441051 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms have issued reports on APPS. Roth Capital restated a “buy” rating on shares of Digital Turbine in a research note on Monday, December 4th. Zacks Investment Research upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. B. Riley restated a “buy” rating and set a $2.00 target price (up previously from $1.40) on shares of Digital Turbine in a research note on Wednesday, November 8th. Finally, ValuEngine cut shares of Digital Turbine from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. Digital Turbine has a consensus rating of “Buy” and an average target price of $1.55.
Digital Turbine (APPS) opened at $1.83 on Friday. Digital Turbine has a one year low of $0.64 and a one year high of $1.98. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.19.
Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Digital Turbine had a negative net margin of 20.41% and a negative return on equity of 23.85%. The firm had revenue of $27.90 million for the quarter, compared to analysts’ expectations of $26.96 million. During the same quarter in the prior year, the business earned ($0.11) EPS. The business’s quarterly revenue was up 22.4% on a year-over-year basis. equities analysts forecast that Digital Turbine will post -0.18 EPS for the current year.
In other Digital Turbine news, CEO William Gordon Stone III acquired 50,000 shares of the stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $1.56 per share, for a total transaction of $78,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.80% of the stock is owned by corporate insiders.
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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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