Digital Turbine Inc (APPS) was Downgraded by Ladenburg Thalmann to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Ladenburg Thalmann advised their investors in a research report released on Jun 14, 2016.
On the company’s financial health, Digital Turbine Inc reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jun 13, 2016. Analyst had a consensus of $-0.07. The company had revenue of $23.00 million for the quarter, compared to analysts expectations of $23.10 million. The company’s revenue was up 125.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.
Digital Turbine Inc closed down -0.04 points or -3.85% at $1 with 2,20,965 shares getting traded on Friday. Post opening the session at $1.04, the shares hit an intraday low of $1 and an intraday high of $1.0501 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 17, 2016, Robert M Deutschman (director) purchased 45,120 shares at $1.06 per share price. According to the SEC, on Mar 16, 2016, William Gordon Iii Stone (CEO) purchased 150,000 shares at $1.05 per share price. On Oct 1, 2015, Judson Bowman (director) purchased 31,847 shares at $1.57 per share price, according to the Form-4 filing with the securities and exchange commission.
Digital Turbine Inc. formerly Mandalay Digital Group Inc. is 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 manages its business in four operating segments: Ignite IQ Appia Core and Content. The four operating segments have been aggregated into two segments: Advertising and Content. The Company’s Advertising business consists of products including the following: DT Ignite a mobile device management solution with targeted application distribution capabilities; DT IQ a customized user experience and application discovery tool; DT Media an advertiser solution for carrier and OEM inventory and Appia Core a mobile user acquisition network. Its Content business consists of the following products: DT Marketplace an application and content store and DT Pay a content management and mobile payment solution.