Digital Turbine Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Digital Turbine in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Digital Turbine stock.
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Digital Turbine saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 3,810,000 shares, an increase of 35.6% from the April 29th total of 2,810,000 shares. Based on an average trading volume of 3,740,000 shares, the days-to-cover ratio is currently 1.0 days.
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Digital Turbine is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
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Digital Turbine, Inc. (NASDAQ:APPS) announced its earnings results on Monday, May, 31st. The software maker reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. The software maker had revenue of $95.08 million for the quarter, compared to the consensus estimate of $95.10 million. Digital Turbine had a trailing twelve-month return on equity of 59.51% and a net margin of 17.50%. The firm's revenue was up 141.6% on a year-over-year basis. During the same quarter last year, the company earned $0.05 EPS.
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Digital Turbine's stock was trading at $5.88 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, APPS shares have increased by 1,099.8% and is now trading at $70.55.
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Digital Turbine updated its first quarter 2022 earnings guidance on Tuesday, June, 15th. The company provided EPS guidance of $0.310-0.310 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.210. The company issued revenue guidance of $188 million-192 million, compared to the consensus revenue estimate of $101.94 million.

7 Wall Street analysts have issued 1-year price targets for Digital Turbine's stock. Their forecasts range from $23.00 to $132.00. On average, they expect Digital Turbine's stock price to reach $82.50 in the next twelve months. This suggests a possible upside of 16.9% from the stock's current price.
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46 employees have rated Digital Turbine CEO Bill Stone on Glassdoor.com. Bill Stone has an approval rating of 97% among Digital Turbine's employees. This puts Bill Stone in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Digital Turbine include Dolby Laboratories (DLB), InterDigital (IDCC), Franchise Group (FRG), The Joint (JYNT), Liberty Tax (TAXA), VirnetX (VHC), Acacia Research (ACTG), Quarterhill (QTRHF), Pendrell (PCOA), Network-1 Technologies (NTIP), Research Frontiers (REFR), Xcel Brands (XELB), Health Discovery (HDVY), Micro Imaging Technology (MMTC) and Mills Music Trust (MMTRS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Digital Turbine investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Square (SQ), Tesla (TSLA), DocuSign (DOCU), salesforce.com (CRM), Alibaba Group (BABA), PayPal (PYPL), Enphase Energy (ENPH) and Marvell Technology (MRVL).

Digital Turbine trades on the NASDAQ under the ticker symbol "APPS."

Digital Turbine's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.28%), Geode Capital Management LLC (1.58%), Lord Abbett & CO. LLC (1.30%), JPMorgan Chase & Co. (1.21%), Northern Trust Corp (1.06%) and Greenhaven Road Investment Management L.P. (1.01%). Company insiders that own Digital Turbine stock include Christine Collins, Christopher Thomas Rogers, David Wesch, Jeff Karish, Michelle M Sterling, Mohan S Gyani, Robert M Deutschman, Roy H Chestnutt and William Gordon Stone III.
View institutional ownership trends for Digital Turbine.

APPS stock was sold by a variety of institutional investors in the last quarter, including Congress Asset Management Co. MA, Lord Abbett & CO. LLC, Voloridge Investment Management LLC, Herald Investment Management Ltd, Braun Stacey Associates Inc., Nuveen Asset Management LLC, Northern Trust Corp, and Man Group plc. Company insiders that have sold Digital Turbine company stock in the last year include Christopher Thomas Rogers, David Wesch, Jeff Karish, and William Gordon Stone III.
View insider buying and selling activity for Digital Turbine or view top insider-selling stocks.

APPS stock was acquired by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Greenhaven Road Investment Management L.P., BlackRock Inc., Morgan Stanley, Citigroup Inc., Prudential Financial Inc., Berkshire Capital Holdings Inc., and Panagora Asset Management Inc.. Company insiders that have bought Digital Turbine stock in the last two years include Jeff Karish, Michelle M Sterling, Mohan S Gyani, Robert M Deutschman, Roy H Chestnutt, and William Gordon Stone III.
View insider buying and selling activity for Digital Turbine or or view top insider-buying stocks.

Shares of APPS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of APPS stock can currently be purchased for approximately $70.55.

Digital Turbine has a market capitalization of $6.58 billion and generates $313.58 million in revenue each year. The software maker earns $54.88 million in net income (profit) each year or $0.68 on an earnings per share basis.

Digital Turbine employs 207 workers across the globe.

The official website for Digital Turbine is www.digitalturbine.com.

Digital Turbine is headquartered at 111 NUECES STREET, AUSTIN TX, 78701.

Digital Turbine's mailing address is 111 NUECES STREET, AUSTIN TX, 78701. The software maker can be reached via phone at 512-387-7717 or via email at [email protected]