Analysts Anticipate Digital Turbine Inc (NASDAQ:APPS) to Announce $0.06 Earnings Per Share

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Wall Street brokerages predict that Digital Turbine Inc (NASDAQ:APPS) will announce earnings per share (EPS) of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Digital Turbine’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.05. Digital Turbine reported earnings per share of $0.04 during the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The firm is expected to report its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, 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 $0.21. For the next year, analysts anticipate that the business will post earnings of $0.25 per share, with EPS estimates ranging from $0.21 to $0.30. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Digital Turbine.

A number of brokerages have commented on APPS. Roth Capital reissued a “buy” rating and set a $9.00 price objective on shares of Digital Turbine in a report on Monday, November 25th. Zacks Investment Research raised Digital Turbine from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective for the company in a report on Wednesday, November 6th. B. Riley set a $7.00 price objective on Digital Turbine and gave the stock a “buy” rating in a report on Monday, September 9th. ValuEngine downgraded Digital Turbine from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub downgraded Digital Turbine from a “strong-buy” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $6.48.

In other news, Director Michelle M. Sterling bought 13,640 shares of Digital Turbine stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of $7.45 per share, with a total value of $101,618.00. Following the completion of the purchase, the director now directly owns 12,199 shares in the company, valued at $90,882.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William Gordon Stone III sold 35,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $8.20, for a total value of $287,000.00. Following the completion of the transaction, the chief executive officer now directly owns 974,480 shares in the company, valued at approximately $7,990,736. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Wealth Group LLC increased its stake in Digital Turbine by 14.4% in the third quarter. Cornerstone Wealth Group LLC now owns 14,300 shares of the software maker’s stock valued at $92,000 after acquiring an additional 1,800 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Digital Turbine by 2.6% during the third quarter. California State Teachers Retirement System now owns 122,274 shares of the software maker’s stock valued at $788,000 after buying an additional 3,138 shares during the last quarter. GSA Capital Partners LLP grew its stake 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 valued at $267,000 after buying an additional 4,900 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Digital Turbine by 6.6% during the third quarter. Rhumbline Advisers now owns 82,568 shares of the software maker’s stock valued at $532,000 after buying an additional 5,095 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Digital Turbine by 3.4% during the second quarter. Advisory Services Network LLC now owns 181,004 shares of the software maker’s stock valued at $905,000 after buying an additional 5,942 shares during the last quarter. 39.38% of the stock is currently owned by institutional investors and hedge funds.

APPS stock traded down $0.28 during midday trading on Friday, reaching $7.34. 2,296,133 shares of the stock were exchanged, compared to its average volume of 2,152,765. The company has a fifty day moving average price of $7.86 and a 200 day moving average price of $6.34. The stock has a market capitalization of $629.92 million, a PE ratio of 146.80 and a beta of 1.59. Digital Turbine has a 52 week low of $1.61 and a 52 week high of $9.13.

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

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