Digital Turbine (APPS) 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 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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.

7 brokerages have issued 12-month price targets for Digital Turbine's stock. Their APPS share price forecasts range from $8.00 to $20.00. On average, they predict the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 132.9% from the stock's current price.
View analysts price targets for APPS or view top-rated stocks among Wall Street analysts.

Digital Turbine's stock was trading at $15.24 at the beginning of 2023. Since then, APPS stock has decreased by 60.6% and is now trading at $6.01.
View the best growth stocks for 2023 here.

Digital Turbine saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,560,000 shares, an increase of 15.6% from the August 31st total of 4,810,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 6.1% of the company's stock are sold short.
View Digital Turbine's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our APPS earnings forecast.

Digital Turbine, Inc. (NASDAQ:APPS) posted its quarterly earnings data on Tuesday, August, 8th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The software maker earned $146.37 million during the quarter, compared to analysts' expectations of $143.06 million. Digital Turbine had a negative net margin of 1.03% and a positive trailing twelve-month return on equity of 10.47%.

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

Digital Turbine issued an update on its second quarter earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $0.13-$0.15 for the period, compared to the consensus estimate of $0.17. The company issued revenue guidance of $141-$149 million, compared to the consensus revenue estimate of $148.15 million.

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.

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).

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

Shares of APPS stock 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 $6.01.

Digital Turbine (NASDAQ:APPS) has a market capitalization of $604.13 million and generates $665.92 million in revenue each year. The software maker earns $16.67 million in net income (profit) each year or ($0.07) on an earnings per share basis.

The company employs 777 workers across the globe.

Digital Turbine's mailing address is 111 NUECES STREET, AUSTIN TX, 78701. The official website for the company is www.digitalturbine.com. The software maker can be reached via phone at (512) 387-7717 or via email at brian.bartholomew@digitalturbine.com.