Digital Turbine Inc to Post Q3 2019 Earnings of $0.00 Per Share, B. Riley Forecasts (APPS)

Digital Turbine Inc (NASDAQ:APPS) – B. Riley dropped their Q3 2019 earnings per share (EPS) estimates for Digital Turbine in a research report issued to clients and investors on Wednesday, June 13th. B. Riley analyst S. Sinha now expects that the software maker will earn $0.00 per share for the quarter, down from their previous forecast of $0.01.

Several other research firms also recently commented on APPS. Zacks Investment Research upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. ValuEngine downgraded shares of Digital Turbine from a “hold” rating to a “sell” rating in a report on Monday, April 2nd.

Digital Turbine opened at $1.62 on Monday, MarketBeat reports. Digital Turbine has a one year low of $0.98 and a one year high of $2.59. The firm has a market capitalization of $123.35 million, a price-to-earnings ratio of -32.40 and a beta of 1.45. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.84 and a current ratio of 0.86.

In other Digital Turbine news, CEO William Gordon Stone III bought 70,000 shares of Digital Turbine stock in a transaction dated Friday, June 15th. The stock was bought at an average price of $1.56 per share, with a total value of $109,200.00. Following the completion of the transaction, the chief executive officer now owns 1,009,480 shares in the company, valued at approximately $1,574,788.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.80% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Unterberg Capital LLC boosted its position in shares of Digital Turbine by 18.5% in the fourth quarter. Unterberg Capital LLC now owns 1,600,000 shares of the software maker’s stock valued at $2,864,000 after acquiring an additional 250,000 shares during the period. White Pine Capital LLC lifted its position in Digital Turbine by 6.3% during the fourth quarter. White Pine Capital LLC now owns 1,051,025 shares of the software maker’s stock worth $1,881,000 after purchasing an additional 61,900 shares during the period. EAM Investors LLC lifted its position in Digital Turbine by 49.7% during the fourth quarter. EAM Investors LLC now owns 461,156 shares of the software maker’s stock worth $825,000 after purchasing an additional 153,056 shares during the period. Goldman Sachs Group Inc. lifted its position in Digital Turbine by 239.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 69,500 shares of the software maker’s stock worth $124,000 after purchasing an additional 49,049 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Digital Turbine by 20.9% during the fourth quarter. Renaissance Technologies LLC now owns 945,874 shares of the software maker’s stock worth $1,693,000 after purchasing an additional 163,700 shares during the period. 34.37% of the stock is owned by institutional investors.

About Digital Turbine

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, app advertisers, device original equipment manufacturers, and other third parties worldwide. It operates through two segments, Advertising and Content. The Advertising segment offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices; Discover software, which provides application installation and management, as well as detailed reporting to advertisers and carriers; and mobile user acquisition platform that allows mobile advertisers to engage with right customers for their applications.

Earnings History and Estimates for Digital Turbine (NASDAQ:APPS)

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