Digital Turbine (APPS) Earns Media Sentiment Rating of -0.06

News coverage about Digital Turbine (NASDAQ:APPS) has trended somewhat negative on Thursday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Digital Turbine earned a news impact score of -0.06 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 45.7660008829799 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern Sentiment’s rankings:

Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Digital Turbine from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. B. Riley reissued a “buy” rating and issued a $1.40 price objective on shares of Digital Turbine in a research report on Monday, August 14th. ValuEngine raised shares of Digital Turbine from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Roth Capital set a $1.00 price objective on shares of Digital Turbine and gave the company a “buy” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1.43.

Digital Turbine (NASDAQ APPS) remained flat at $1.46 during trading on Thursday. 378,113 shares of the company traded hands. The stock’s market cap is $97.25 million. The firm has a 50-day moving average of $1.41 and a 200-day moving average of $1.16. Digital Turbine has a 12 month low of $0.56 and a 12 month high of $1.64.

Digital Turbine (NASDAQ:APPS) last announced its earnings results on Monday, August 7th. The software maker reported ($0.02) EPS for the quarter, topping the consensus estimate 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 company had revenue of $26.10 million during the quarter, compared to analysts’ expectations of $24.46 million. During the same period last year, the company posted ($0.11) earnings per share. Analysts expect that Digital Turbine will post ($0.11) earnings per share for the current fiscal year.

In other news, CEO William Gordon Stone III bought 126,400 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $1.12 per share, for a total transaction of $141,568.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.80% 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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