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 twelve months. There are currently 5 hold ratings and 2 buy ratings 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.
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7 analysts have issued 1-year price targets for Digital Turbine's stock. Their APPS share price forecasts range from $9.00 to $20.00. On average, they predict the company's stock price to reach $14.71 in the next twelve months. This suggests a possible upside of 56.9% from the stock's current price.
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Digital Turbine's stock was trading at $15.24 at the beginning of the year. Since then, APPS shares have decreased by 38.5% and is now trading at $9.38.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Digital Turbine, Inc. (NASDAQ:APPS) released its quarterly earnings results on Tuesday, November, 2nd. The software maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.32 by $0.12. The software maker earned $310.21 million during the quarter, compared to analysts' expectations of $304 million. Digital Turbine had a trailing twelve-month return on equity of 14.64% and a net margin of 2.50%. During the same period last year, the firm posted $0.12 EPS.

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), Invesco S&P SmallCap Information Technology ETF (PSCT), SPDR S&P Software & Services ETF (XSW), SPDR FactSet Innovative Technology ETF (XITK), Pacer US Small Cap Cash Cows 100 ETF (CALF), RiverFront Dynamic US Flex-Cap ETF (RFFC) and Vanguard U.S. Value Factor (VFVA).

Digital Turbine updated its first quarter 2024 earnings guidance on Saturday, May, 27th. The company provided earnings per share guidance of $0.11-$0.13 for the period, compared to the consensus estimate of $0.22. The company issued revenue guidance of $140.00 million-$145.00 million, compared to the consensus revenue estimate of $148.53 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."

Digital Turbine's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.39%), Granahan Investment Management LLC (4.44%), State Street Corp (3.51%), American Century Companies Inc. (2.45%), Rice Hall James & Associates LLC (1.87%) and Geode Capital Management LLC (1.78%). Insiders that own company stock include Christine Collins, Christopher Thomas Rogers, David Wesch, Jeff Karish, Michelle M Sterling, Robert M Deutschman, Robert M Deutschman and William Gordon Stone III.
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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 $9.38.

Digital Turbine (NASDAQ:APPS) has a market capitalization of $937.87 million and generates $665.92 million in revenue each year. The software maker earns $16.67 million in net income (profit) each year or $0.16 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.