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

7 Wall Street 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 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 brokerages have issued 1-year price targets for Digital Turbine's stock. Their APPS share price targets range from $8.00 to $20.00. On average, they expect the company's share price to reach $11.80 in the next year. This suggests a possible upside of 132.7% from the stock's current price.
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Digital Turbine's stock was trading at $15.24 on January 1st, 2023. Since then, APPS shares have decreased by 66.7% and is now trading at $5.07.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our APPS earnings forecast.

Digital Turbine, Inc. (NASDAQ:APPS) announced its earnings results on Wednesday, November, 8th. The software maker reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by $0.03. The software maker earned $143.26 million during the quarter, compared to analyst estimates of $146 million. Digital Turbine had a negative net margin of 30.33% and a positive trailing twelve-month return on equity of 6.82%.

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 third quarter earnings guidance on Wednesday, November, 8th. The company provided earnings per share guidance of $0.16-0.19 for the period, compared to the consensus EPS estimate of $0.18. The company issued revenue guidance of $144-150 million, compared to the consensus revenue estimate of $159.22 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's stock is owned by many different retail and institutional investors. Top institutional investors include Rice Hall James & Associates LLC (1.81%), Northern Trust Corp (0.98%), Artemis Investment Management LLP (0.96%), Bank of New York Mellon Corp (0.87%), Charles Schwab Investment Management Inc. (0.72%) and Assenagon Asset Management S.A. (0.58%). Insiders that own company stock include Christine Collins, David Wesch, 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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