NASDAQ:APPS

Digital Turbine (APPS) Stock Price, News & Analysis

$1.92
-0.02 (-1.03%)
(As of 04/24/2024 ET)
Today's Range
$1.87
$1.97
50-Day Range
$1.79
$3.58
52-Week Range
$1.78
$14.61
Volume
1.41 million shs
Average Volume
2.55 million shs
Market Capitalization
$195.88 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.50

Digital Turbine MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
290.6% Upside
$7.50 Price Target
Short Interest
Healthy
5.96% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.66
Upright™ Environmental Score
News Sentiment
0.49mentions of Digital Turbine in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-25.00%
From $0.16 to $0.12 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.69 out of 5 stars

Computer And Technology Sector

209th out of 586 stocks

Patent Owners & Lessors Industry

3rd out of 7 stocks

APPS stock logo

About Digital Turbine Stock (NASDAQ:APPS)

Digital Turbine, Inc., through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media. The company also provides direct campaign management products, such as the DT DSP and DT Offer Wall; ad monetization solutions allow mobile app publishers and developers to monetize their monthly active users via display, native, and video advertising; brands and agencies runs mobile brand-awareness campaigns on the direct mobile app inventory; and app developers and other performance-focused advertisers execute mobile user acquisition campaigns for their apps and products. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, China, Mexico, Central America, and South America. The company is headquartered in Austin, Texas.

APPS Stock Price History

APPS Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Today
4/24/2024
Next Earnings (Estimated)
5/22/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
N/A
Current Symbol
NASDAQ:APPS
Fax
N/A
Employees
777
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.50
High Stock Price Target
$10.00
Low Stock Price Target
$4.50
Potential Upside/Downside
+290.6%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$16.67 million
Pretax Margin
-35.97%

Debt

Sales & Book Value

Annual Sales
$572.38 million
Cash Flow
$1.75 per share
Book Value
$6.12 per share

Miscellaneous

Free Float
96,716,000
Market Cap
$195.88 million
Optionable
Optionable
Beta
2.48
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APPS Stock Analysis - Frequently Asked Questions

Should I buy or sell Digital Turbine stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digital Turbine in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" APPS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in APPS, but not buy additional shares or sell existing shares.
View APPS analyst ratings
or view top-rated stocks.

What is Digital Turbine's stock price target for 2024?

4 Wall Street analysts have issued twelve-month price targets for Digital Turbine's shares. Their APPS share price targets range from $4.50 to $10.00. On average, they anticipate the company's share price to reach $7.50 in the next year. This suggests a possible upside of 290.6% from the stock's current price.
View analysts price targets for APPS
or view top-rated stocks among Wall Street analysts.

How have APPS shares performed in 2024?

Digital Turbine's stock was trading at $6.86 on January 1st, 2024. Since then, APPS shares have decreased by 72.0% and is now trading at $1.92.
View the best growth stocks for 2024 here
.

Are investors shorting Digital Turbine?

Digital Turbine saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 5,470,000 shares, a decrease of 34.4% from the March 15th total of 8,340,000 shares. Based on an average daily trading volume, of 2,700,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 6.0% of the shares of the company are sold short.
View Digital Turbine's Short Interest
.

When is Digital Turbine's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our APPS earnings forecast
.

How were Digital Turbine's earnings last quarter?

Digital Turbine, Inc. (NASDAQ:APPS) announced its quarterly earnings results on Wednesday, February, 7th. The software maker reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.03. The software maker earned $142.63 million during the quarter, compared to the consensus estimate of $146.45 million. Digital Turbine had a negative net margin of 34.53% and a positive trailing twelve-month return on equity of 4.48%.

What ETFs hold Digital Turbine's stock?

ETFs with the largest weight of Digital Turbine (NASDAQ:APPS) stock in their portfolio include SmartETFs Advertising & Marketing Technology ETF (MRAD) and Jacob Forward ETF (JFWD).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

What guidance has Digital Turbine issued on next quarter's earnings?

Digital Turbine updated its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of 0.500-0.540 for the period, compared to the consensus estimate of 0.610. The company issued revenue guidance of $547.0 million-$553.0 million, compared to the consensus revenue estimate of $572.5 million.

What is Bill Stone's approval rating as Digital Turbine's CEO?

72 employees have rated Digital Turbine Chief Executive Officer Bill Stone on Glassdoor.com. Bill Stone has an approval rating of 97% among the company's employees. This puts Bill Stone in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 70.0% of employees surveyed would recommend working at Digital Turbine to a friend.

What other stocks do shareholders of Digital Turbine own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Digital Turbine investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Block (SQ), Tesla (TSLA), DocuSign (DOCU), Salesforce (CRM), Alibaba Group (BABA), PayPal (PYPL), Enphase Energy (ENPH) and Marvell Technology (MRVL).

Who are Digital Turbine's major shareholders?

Digital Turbine's stock is owned by many different institutional and retail investors. Top institutional investors include Rice Hall James & Associates LLC (1.94%), IMC Chicago LLC (0.00%), First Trust Direct Indexing L.P. (0.05%), Allspring Global Investments Holdings LLC (0.02%) and New Mexico Educational Retirement Board (0.02%). Insiders that own company stock include Christine Collins, Michelle M Sterling, Robert M Deutschman, Robert M Deutschman and William Gordon Stone III.
View institutional ownership trends
.

How do I buy shares of Digital Turbine?

Shares of APPS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:APPS) was last updated on 4/24/2024 by MarketBeat.com Staff

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