News articles about Digital Turbine (NASDAQ:APPS) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Digital Turbine earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the software maker an impact score of 46.0468950610912 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
APPS has been the topic of several recent research reports. B. Riley restated a “buy” rating and set a $1.40 price objective on shares of Digital Turbine in a research note on Monday. Zacks Investment Research upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Wednesday, June 28th. Craig Hallum upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating and upped their price target for the company from $1.10 to $1.50 in a research report on Tuesday, April 25th. Roth Capital set a $1.00 price target on shares of Digital Turbine and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, ValuEngine lowered shares of Digital Turbine from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $1.43.
Digital Turbine (NASDAQ APPS) opened at 1.22 on Friday. Digital Turbine has a 52 week low of $0.56 and a 52 week high of $1.55. The company’s market capitalization is $81.26 million. The company’s 50-day moving average is $1.09 and its 200 day moving average is $0.99.
Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Monday, August 7th. The software maker reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Digital Turbine had a negative return on equity of 31.91% and a negative net margin of 22.54%. The company had revenue of $26.10 million for the quarter, compared to analyst estimates of $24.46 million. During the same quarter in the previous year, the company posted ($0.11) earnings per share. On average, analysts forecast that Digital Turbine will post ($0.11) EPS for the current fiscal year.
In other Digital Turbine news, CEO William Gordon Stone III purchased 126,400 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $1.12 per share, with a total value of $141,568.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.80% of the company’s stock.
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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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