B. Riley reaffirmed their buy rating on shares of Digital Turbine (NASDAQ:APPS) in a research note issued to investors on Monday morning, TipRanks reports. They currently have a $8.75 target price on the software maker’s stock. B. Riley also issued estimates for Digital Turbine’s Q4 2020 earnings at $0.03 EPS, Q1 2021 earnings at $0.03 EPS, Q3 2021 earnings at $0.06 EPS and FY2021 earnings at $0.18 EPS.

A number of other research firms also recently weighed in on APPS. National Securities began coverage on shares of Digital Turbine in a research report on Tuesday, December 17th. They set a buy rating and a $11.00 target price for the company. BidaskClub downgraded shares of Digital Turbine from a hold rating to a sell rating in a research report on Friday, February 7th. ValuEngine lowered shares of Digital Turbine from a hold rating to a sell rating in a research note on Tuesday, February 4th. Zacks Investment Research upgraded shares of Digital Turbine from a hold rating to a strong-buy rating and set a $7.75 price objective for the company in a research report on Wednesday, November 6th. Finally, Roth Capital reiterated a buy rating and set a $9.00 price objective on shares of Digital Turbine in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. Digital Turbine has a consensus rating of Buy and a consensus price target of $7.66.

Shares of APPS stock opened at $7.02 on Monday. The stock has a market cap of $554.36 million, a price-to-earnings ratio of -77.99 and a beta of 1.57. The stock has a 50-day moving average of $7.02 and a 200-day moving average of $7.08. Digital Turbine has a 1-year low of $2.65 and a 1-year high of $9.13.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Monday, February 10th. The software maker reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The company had revenue of $36.02 million for the quarter, compared to the consensus estimate of $37.58 million. Digital Turbine had a positive return on equity of 30.89% and a negative net margin of 5.35%. As a group, equities analysts forecast that Digital Turbine will post 0.17 earnings per share for the current year.

In other Digital Turbine news, CEO William Gordon Stone III bought 12,500 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $7.02 per share, for a total transaction of $87,750.00. 5.80% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Man Group plc acquired a new position in shares of Digital Turbine during the third quarter valued at about $543,000. State Street Corp increased its position in Digital Turbine by 30.9% in the 3rd quarter. State Street Corp now owns 1,724,788 shares of the software maker’s stock valued at $11,116,000 after buying an additional 406,840 shares in the last quarter. California Public Employees Retirement System raised its stake in Digital Turbine by 5.6% during the 3rd quarter. California Public Employees Retirement System now owns 169,487 shares of the software maker’s stock worth $1,092,000 after buying an additional 9,054 shares during the period. Hennessy Advisors Inc. acquired a new position in Digital Turbine during the 4th quarter worth approximately $76,000. Finally, California State Teachers Retirement System raised its stake in Digital Turbine by 2.6% during the 3rd quarter. California State Teachers Retirement System now owns 122,274 shares of the software maker’s stock worth $788,000 after buying an additional 3,138 shares during the period. Institutional investors own 39.70% of the company’s stock.

About Digital Turbine

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.

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Analyst Recommendations for Digital Turbine (NASDAQ:APPS)

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