News headlines about Digital Turbine (NASDAQ:APPS) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Digital Turbine earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near future.
APPS has been the topic of a number of analyst reports. Zacks Investment Research cut Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Craig Hallum upgraded Digital Turbine from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $1.10 to $1.50 in a report on Tuesday, April 25th. Ladenburg Thalmann Financial Services lifted their price objective on Digital Turbine from $1.25 to $2.00 and gave the stock a “buy” rating in a report on Friday, June 16th. Roth Capital set a $1.00 price objective on Digital Turbine and gave the stock a “buy” rating in a report on Friday. Finally, ValuEngine cut Digital Turbine from a “sell” rating to a “strong sell” rating in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Digital Turbine presently has an average rating of “Buy” and an average price target of $1.43.
Digital Turbine (APPS) remained flat at $1.10 on Friday. The company had a trading volume of 158,411 shares. The firm’s market cap is $73.26 million. The firm’s 50-day moving average price is $1.05 and its 200 day moving average price is $0.95. Digital Turbine has a one year low of $0.56 and a one year high of $1.56.
Digital Turbine (NASDAQ:APPS) last posted its earnings results on Wednesday, June 14th. The software maker reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. The business had revenue of $22.40 million during the quarter, compared to the consensus estimate of $21.40 million. Digital Turbine had a negative return on equity of 38.00% and a negative net margin of 26.59%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) earnings per share. Equities research analysts anticipate that Digital Turbine will post ($0.16) earnings per share for the current fiscal year.
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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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