Somewhat Positive Press Coverage Somewhat Unlikely to Affect Digital Turbine (APPS) Stock Price
News coverage about Digital Turbine (NASDAQ:APPS) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Digital Turbine earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.8456136947101 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Zacks Investment Research Upgrades Digital Turbine (APPS) to Hold (americanbankingnews.com)
- ETFs with exposure to Digital Turbine, Inc. : November 30, 2017 (finance.yahoo.com)
- Digital Turbine, Inc. (APPS) Expected to Post Quarterly Sales of $31.10 Million (americanbankingnews.com)
- Head to Head Comparison Digital Turbine APPS versus EnerNOC ENOC (itsforhome.com)
Digital Turbine (APPS) opened at $1.67 on Tuesday. 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 has a one year low of $0.59 and a one year high of $1.92.
Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $27.90 million during the quarter, compared to analyst estimates of $26.96 million. Digital Turbine had a negative return on equity of 23.85% and a negative net margin of 20.41%. The business’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.11) earnings per share. analysts anticipate that Digital Turbine will post -0.18 EPS for the current fiscal year.
APPS has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and issued a $1.40 price target on shares of Digital Turbine in a research report on Monday, August 14th. ValuEngine cut Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research cut Digital Turbine from a “hold” rating to a “sell” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Digital Turbine presently has a consensus rating of “Buy” and a consensus price target of $1.55.
In other Digital Turbine news, CEO William Gordon Stone III acquired 50,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average price of $1.56 per share, with a total value of $78,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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