Brokerages expect Digital Turbine Inc (NASDAQ:APPS) to report $30.28 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Digital Turbine’s earnings. The lowest sales estimate is $28.78 million and the highest is $31.06 million. Digital Turbine reported sales of $22.40 million during the same quarter last year, which would suggest a positive year over year growth rate of 35.2%. The business is expected to report its next earnings report on Wednesday, June 13th.
On average, analysts expect that Digital Turbine will report full year sales of $30.28 million for the current fiscal year, with estimates ranging from $123.00 million to $123.10 million. For the next year, analysts forecast that the firm will post sales of $135.92 million per share, with estimates ranging from $131.65 million to $141.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Digital Turbine.
Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $38.03 million for the quarter, compared to the consensus estimate of $31.09 million. Digital Turbine had a negative net margin of 18.66% and a negative return on equity of 22.65%.
Several brokerages recently commented on APPS. ValuEngine downgraded shares of Digital Turbine from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Digital Turbine from a “hold” rating to a “sell” rating in a report on Monday, February 12th. B. Riley upped their price target on shares of Digital Turbine from $2.50 to $2.80 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Roth Capital reiterated a “buy” rating on shares of Digital Turbine in a report on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $1.91.
Digital Turbine (APPS) opened at $2.35 on Friday. The company has a market cap of $182.81, a PE ratio of -7.34 and a beta of 1.33. Digital Turbine has a fifty-two week low of $0.78 and a fifty-two week high of $2.56. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20.
A number of large investors have recently modified their holdings of the stock. Unterberg Capital LLC boosted its position in Digital Turbine by 18.5% in the 4th quarter. Unterberg Capital LLC now owns 1,600,000 shares of the software maker’s stock valued at $2,864,000 after buying an additional 250,000 shares during the period. Granahan Investment Management Inc. MA purchased a new stake in Digital Turbine in the 3rd quarter valued at about $350,000. EAM Investors LLC purchased a new stake in Digital Turbine in the 3rd quarter valued at about $465,000. White Pine Capital LLC boosted its position in Digital Turbine by 6.3% in the 4th quarter. White Pine Capital LLC now owns 1,051,025 shares of the software maker’s stock valued at $1,881,000 after buying an additional 61,900 shares during the period. Finally, Millennium Management LLC boosted its position in Digital Turbine by 178.3% in the 4th quarter. Millennium Management LLC now owns 311,196 shares of the software maker’s stock valued at $557,000 after buying an additional 199,392 shares during the period. Institutional investors own 22.57% of the company’s stock.
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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