Digital Turbine Inc (NASDAQ:APPS) – Equities researchers at B. Riley issued their Q2 2019 earnings per share (EPS) estimates for shares of Digital Turbine in a report issued on Thursday. B. Riley analyst S. Sinha expects that the software maker will post earnings per share of $0.00 for the quarter. B. Riley has a “Buy” rating and a $2.80 price objective on the stock. B. Riley also issued estimates for Digital Turbine’s Q3 2019 earnings at ($0.01) EPS and Q4 2019 earnings at $0.00 EPS.
Other research analysts also recently issued research reports about the company. ValuEngine downgraded Digital Turbine from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded Digital Turbine from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, Roth Capital restated a “buy” rating on shares of Digital Turbine in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $1.91.
In other news, CEO William Gordon Stone III purchased 50,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was bought 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 is accessible through the SEC website. 4.80% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Unterberg Capital LLC grew its stake in shares of Digital Turbine by 18.5% during the 4th quarter. Unterberg Capital LLC now owns 1,600,000 shares of the software maker’s stock worth $2,864,000 after acquiring an additional 250,000 shares during the period. Perkins Capital Management Inc. grew its stake in shares of Digital Turbine by 5.5% during the 3rd quarter. Perkins Capital Management Inc. now owns 911,080 shares of the software maker’s stock worth $1,376,000 after acquiring an additional 47,500 shares during the period. P.A.W. Capital Corp grew its stake in shares of Digital Turbine by 5.0% during the 3rd quarter. P.A.W. Capital Corp now owns 840,000 shares of the software maker’s stock worth $1,268,000 after acquiring an additional 40,000 shares during the period. Trellus Management Company LLC grew its stake in shares of Digital Turbine by 16.8% during the 3rd quarter. Trellus Management Company LLC now owns 700,689 shares of the software maker’s stock worth $1,058,000 after acquiring an additional 100,689 shares during the period. Finally, Essex Investment Management Co. LLC bought a new position in shares of Digital Turbine during the 3rd quarter worth $665,000. Institutional investors own 20.66% 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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