Digital Turbine, Inc. (NASDAQ:APPS) Director Robert M. Deutschman Purchases 20,000 Shares of Stock

Digital Turbine, Inc. (NASDAQ:APPS) Director Robert M. Deutschman bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The shares were acquired at an average price of $6.44 per share, with a total value of $128,800.00. Following the transaction, the director now directly owns 350,055 shares of the company’s stock, valued at approximately $2,254,354.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Digital Turbine Stock Down 1.4 %

NASDAQ:APPS opened at $6.84 on Friday. Digital Turbine, Inc. has a 1 year low of $6.41 and a 1 year high of $20.40. The business has a 50 day simple moving average of $9.44 and a 200-day simple moving average of $10.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.68.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Digital Turbine had a positive return on equity of 10.47% and a negative net margin of 1.03%. The firm had revenue of $146.37 million during the quarter, compared to analyst estimates of $143.06 million. As a group, research analysts anticipate that Digital Turbine, Inc. will post 0.32 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on APPS shares. TheStreet cut Digital Turbine from a “c” rating to a “d+” rating in a research report on Wednesday, August 9th. Roth Capital cut Digital Turbine from a “buy” rating to a “neutral” rating in a report on Thursday, May 25th. StockNews.com assumed coverage on Digital Turbine in a report on Thursday, August 17th. They set a “sell” rating for the company. Craig Hallum cut their price target on Digital Turbine from $25.00 to $20.00 in a report on Thursday, May 25th. Finally, Roth Mkm cut Digital Turbine from a “buy” rating to a “neutral” rating and cut their price target for the company from $15.00 to $10.00 in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Digital Turbine has a consensus rating of “Hold” and an average target price of $14.00.

Institutional Investors Weigh In On Digital Turbine

A number of institutional investors and hedge funds have recently modified their holdings of APPS. Advisors Asset Management Inc. increased its holdings in Digital Turbine by 1.8% during the 1st quarter. Advisors Asset Management Inc. now owns 27,375 shares of the software maker’s stock worth $1,199,000 after purchasing an additional 495 shares during the period. Yousif Capital Management LLC increased its holdings in Digital Turbine by 1.4% during the 1st quarter. Yousif Capital Management LLC now owns 46,436 shares of the software maker’s stock worth $2,034,000 after purchasing an additional 630 shares during the period. Royal Bank of Canada increased its holdings in Digital Turbine by 1.2% during the 3rd quarter. Royal Bank of Canada now owns 56,945 shares of the software maker’s stock worth $820,000 after purchasing an additional 674 shares during the period. Cetera Investment Advisers increased its holdings in Digital Turbine by 5.5% during the 1st quarter. Cetera Investment Advisers now owns 13,123 shares of the software maker’s stock worth $575,000 after purchasing an additional 687 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Digital Turbine by 0.6% during the 3rd quarter. Alliancebernstein L.P. now owns 142,121 shares of the software maker’s stock worth $2,048,000 after purchasing an additional 846 shares during the period. 64.64% of the stock is owned by institutional investors.

About Digital Turbine

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.