Roth Capital reissued their buy rating on shares of Digital Turbine (NASDAQ:APPS) in a research report sent to investors on Monday morning.

Several other equities analysts have also recently issued reports on APPS. 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. Zacks Investment Research upgraded shares of Digital Turbine from a sell rating to a hold rating in a research report on Friday, December 1st. Finally, ValuEngine upgraded shares of Digital Turbine from a sell rating to a hold rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $1.55.

Shares of Digital Turbine (NASDAQ APPS) traded down $0.05 during trading hours on Monday, hitting $1.62. 243,300 shares of the stock traded hands, compared to its average volume of 294,342. The company has a quick ratio of 0.78, a current 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. The business had revenue of $27.90 million during the quarter, compared to analysts’ expectations of $26.96 million. Digital Turbine had a negative net margin of 20.41% and a negative return on equity of 23.85%. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.11) EPS. research analysts expect that Digital Turbine will post -0.17 EPS for the current year.

In other news, CEO William Gordon Stone III bought 50,000 shares of the 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.80% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Granahan Investment Management Inc. MA purchased a new stake in Digital Turbine during the third quarter worth about $350,000. Unterberg Capital LLC increased its holdings in Digital Turbine by 237.5% during the third quarter. Unterberg Capital LLC now owns 1,350,000 shares of the software maker’s stock worth $2,039,000 after buying an additional 950,000 shares during the last quarter. EAM Investors LLC purchased a new stake in Digital Turbine during the third quarter worth about $465,000. Perkins Capital Management Inc. increased its holdings in Digital Turbine by 5.5% during the third quarter. Perkins Capital Management Inc. now owns 911,080 shares of the software maker’s stock worth $1,376,000 after buying an additional 47,500 shares during the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new stake in Digital Turbine during the third quarter worth about $101,000. Institutional investors and hedge funds own 20.98% of the company’s stock.

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Digital Turbine Company Profile

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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