Digital Turbine (APPS) Earning Somewhat Favorable Press Coverage, Analysis Finds

Media coverage about Digital Turbine (NASDAQ:APPS) has trended somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Digital Turbine earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 47.1482617766318 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Digital Turbine from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. B. Riley upped their target price 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. Roth Capital reaffirmed a “buy” rating on shares of Digital Turbine in a report on Monday, December 4th. Finally, ValuEngine cut shares of Digital Turbine from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Digital Turbine has an average rating of “Buy” and an average target price of $1.91.

Digital Turbine (NASDAQ APPS) opened at $2.38 on Tuesday. The stock has a market cap of $187.11, a PE ratio of -7.68 and a beta of 1.33. Digital Turbine has a 1-year low of $0.85 and a 1-year high of $2.59. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Wednesday, February 7th. The software maker reported ($0.05) earnings per share (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 analysts’ expectations of $31.09 million. Digital Turbine had a negative return on equity of 22.65% and a negative net margin of 18.66%. analysts predict that Digital Turbine will post -0.23 EPS for the current fiscal year.

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About Digital Turbine

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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