Digital Turbine (APPS) Given Media Sentiment Score of 0.11

News coverage about Digital Turbine (NASDAQ:APPS) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Digital Turbine earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned 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 impact on the company’s share price in the next few days.

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

Shares of Digital Turbine traded up $0.11, hitting $1.55, during trading hours on Friday, according to MarketBeat Ratings. The company had a trading volume of 618,173 shares, compared to its average volume of 318,950. The company has a market cap of $110.00 million, a P/E ratio of -17.22 and a beta of 1.58. The company has a current ratio of 0.86, a quick 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.

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

A number of equities research analysts have weighed in on APPS shares. Zacks Investment Research upgraded Digital Turbine from a “sell” rating to a “hold” rating in a research report on Wednesday, April 25th. ValuEngine upgraded Digital Turbine from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd.

In related news, CEO William Gordon Stone III acquired 70,000 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were purchased at an average price of $1.56 per share, for a total transaction of $109,200.00. Following the completion of the acquisition, the chief executive officer now owns 1,009,480 shares in the company, valued at $1,574,788.80. The purchase was disclosed in a filing with the SEC, which is available at this link. 6.20% of the stock is currently owned by insiders.

About Digital Turbine

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.

Further Reading: Outstanding Shares

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

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