Digital Turbine, Inc. (NASDAQ:APPS) has earned an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $1.48.

APPS has been the topic of a number of recent research reports. ValuEngine raised shares of Digital Turbine from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of Digital Turbine from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Roth Capital set a $1.00 price objective on shares of Digital Turbine and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, B. Riley reaffirmed a “buy” rating and issued a $1.40 price objective on shares of Digital Turbine in a research note on Monday, August 14th.

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Shares of Digital Turbine (APPS) traded up 1.28% during midday trading on Friday, hitting $1.58. The stock had a trading volume of 212,010 shares. The stock’s market cap is $105.24 million. Digital Turbine has a 52 week low of $0.56 and a 52 week high of $1.64. The stock has a 50-day moving average of $1.46 and a 200 day moving average of $1.19.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Monday, August 7th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Digital Turbine had a negative net margin of 22.54% and a negative return on equity of 31.91%. The firm had revenue of $26.10 million for the quarter, compared to analysts’ expectations of $24.46 million. During the same period last year, the firm earned ($0.11) earnings per share. Analysts anticipate that Digital Turbine will post ($0.11) EPS for the current fiscal year.

In other news, CEO William Gordon Stone III purchased 126,400 shares of Digital Turbine stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $1.12 per share, with a total value of $141,568.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. bought a new position in shares of Digital Turbine during the third quarter worth $101,000. Carleon Capital Partners LLC bought a new position in shares of Digital Turbine during the second quarter worth $2,673,000. Unterberg Capital LLC bought a new position in shares of Digital Turbine during the second quarter worth $412,000. Essex Investment Management Co. LLC bought a new position in shares of Digital Turbine during the third quarter worth $665,000. Finally, Trellus Management Company LLC boosted its position in shares of Digital Turbine by 16.2% during the second quarter. Trellus Management Company LLC now owns 600,000 shares of the software maker’s stock worth $618,000 after purchasing an additional 83,675 shares in the last quarter. 16.11% of the stock is currently owned by institutional investors.

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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