Digital Turbine (APPS) Given Daily Media Sentiment Rating of 0.11

Press coverage about Digital Turbine (NASDAQ:APPS) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Digital Turbine earned a news impact score of 0.11 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 48.3016226481875 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

A number of analysts have recently commented on APPS shares. Zacks Investment Research raised Digital Turbine from a “sell” rating to a “buy” rating and set a $1.50 price target on the stock in a research report on Tuesday, August 7th. ValuEngine raised Digital Turbine from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.

Shares of APPS traded up $0.11 during mid-day trading on Friday, reaching $1.55. The company had a trading volume of 618,173 shares, compared to its average volume of 318,950. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.31. Digital Turbine has a 52 week low of $1.05 and a 52 week high of $2.59. The stock has a market cap of $110.00 million, a P/E ratio of -17.22 and a beta of 1.58.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Thursday, August 9th. The software maker reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Digital Turbine had a negative return on equity of 14.78% and a negative net margin of 44.22%. The firm had revenue of $22.11 million for the quarter, compared to analysts’ expectations of $22.98 million. equities analysts anticipate that Digital Turbine will post -0.03 EPS for the current year.

In related news, CEO William Gordon Stone III purchased 70,000 shares of the company’s stock in a transaction dated Friday, June 15th. The shares were purchased at an average cost of $1.56 per share, with a total value of $109,200.00. Following the transaction, the chief executive officer now directly owns 1,009,480 shares in the company, valued at approximately $1,574,788.80. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 6.20% of the company’s stock.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.

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Insider Buying and Selling by Quarter for Digital Turbine (NASDAQ:APPS)

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