Digital Turbine Stock Price, Forecast & Analysis (NASDAQ:APPS)

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

Digital Turbine Inc (NASDAQ:APPS) announced its quarterly earnings data on Tuesday, February, 5th. The software maker reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The software maker earned $30.41 million during the quarter, compared to analyst estimates of $28.95 million. Digital Turbine had a positive return on equity of 28.01% and a negative net margin of 9.47%. View Digital Turbine's Earnings History.

Digital Turbine is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Digital Turbine.

5 equities research analysts have issued twelve-month price objectives for Digital Turbine's stock. Their forecasts range from $4.50 to $7.00. On average, they anticipate Digital Turbine's share price to reach $5.72 in the next year. This suggests that the stock has a possible downside of 31.0%. View Analyst Price Targets for Digital Turbine.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digital Turbine in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Digital Turbine.

News stories about APPS stock have been trending very negative this week, InfoTrie reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Digital Turbine earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave news articles about the software maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for Digital Turbine.

Digital Turbine saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 6,310,000 shares, a decrease of 11.7% from the September 30th total of 7,150,000 shares. Based on an average daily volume of 2,150,000 shares, the short-interest ratio is currently 2.9 days. Currently, 8.2% of the company's stock are short sold. View Digital Turbine's Current Options Chain.

Some companies that are related to Digital Turbine include InterDigital Wireless (IDCC), TiVo (TIVO), Joint (JYNT), Liberty Tax (TAXA), Acacia Research (ACTG), Quarterhill (QTRH), Research Frontiers (REFR), Finjan (FNJN), Health Discovery (HDVY), XCel Brands (XELB), Marathon Patent Group (MARA), ARC Group (ARCK), MGT Capital Investments (MGTI), Spherix (SPEX) and XpresSpa Group (XSPA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Digital Turbine investors own include NVIDIA (NVDA), Canopy Growth (CGC), salesforce.com (CRM), Square (SQ), Enphase Energy (ENPH), Alibaba Group (BABA), AT&T (T), Advanced Micro Devices (AMD), Corbus Pharmaceuticals (CRBP) and Twilio (TWLO).

Digital Turbine's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include P.A.W. Capital Corp (0.88%), Trellus Management Company LLC (0.78%), Calamos Advisors LLC (0.52%), Perkins Capital Management Inc. (0.31%), 1492 Capital Management LLC (0.25%) and California Public Employees Retirement System (0.20%). Company insiders that own Digital Turbine stock include Michelle M Sterling, Paul M Schaeffer, 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 Perkins Capital Management Inc., Trellus Management Company LLC, P.A.W. Capital Corp, 1492 Capital Management LLC, MAI Capital Management, Wedbush Securities Inc. and Calamos Advisors LLC. Company insiders that have sold Digital Turbine company stock in the last year include Paul M Schaeffer and William Gordon Stone III. View Insider Buying and Selling for Digital Turbine.

APPS stock was purchased by a variety of institutional investors in the last quarter, including Chicago Equity Partners LLC, Cadence Capital Management LLC, Tower Research Capital LLC TRC , D.A. Davidson & CO., Commonwealth Equity Services LLC, California Public Employees Retirement System, Rhumbline Advisers and Cornerstone Wealth Group LLC. Company insiders that have bought Digital Turbine stock in the last two years include Michelle M Sterling, Robert M Deutschman, Roy H Chestnutt and William Gordon Stone III. View Insider Buying and Selling for Digital Turbine.

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

One share of APPS stock can currently be purchased for approximately $8.29.

Digital Turbine has a market capitalization of $711.45 million and generates $103.57 million in revenue each year. The software maker earns $-6,010,000.00 in net income (profit) each year or $0.05 on an earnings per share basis. Digital Turbine employs 158 workers across the globe.View Additional Information About Digital Turbine.

The official website for Digital Turbine is http://www.digitalturbine.com/.

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]