Digital Turbine Inc (APPS) was Downgraded by ROTH Capital to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. ROTH Capital advised their investors in a research report released on Sep 26, 2016.
Many Wall Street Analysts have commented on Digital Turbine Inc. Digital Turbine Inc was Upgraded by Ladenburg Thalmann to ” Buy” on Aug 31, 2016.
On the company’s financial health, Digital Turbine Inc reported $-0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.07. The company had revenue of $24.04 million for the quarter, compared to analysts expectations of $23.81 million. The company’s revenue was up 28.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.
Digital Turbine Inc opened for trading at $1.23 and hit $1.32 on the upside on Thursday, eventually ending the session at $1.24, with a gain of 0.81% or 0.01 points. The heightened volatility saw the trading volume jump to 1,50,928 shares. Company has a market cap of $83 M.
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.