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NASDAQ:APPS

Digital Turbine - APPS Stock Forecast, Price & News

$22.36
-1.61 (-6.72%)
(As of 08/19/2022 10:58 AM ET)
Add
Compare
Today's Range
$22.25
$23.41
50-Day Range
$14.94
$24.98
52-Week Range
$14.43
$93.98
Volume
30,648 shs
Average Volume
2.87 million shs
Market Capitalization
$2.21 billion
P/E Ratio
63.89
Dividend Yield
N/A
Price Target
$61.00

Digital Turbine MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
171.4% Upside
$61.00 Price Target
Short Interest
Bearish
7.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.94
Upright™ Environmental Score
News Sentiment
0.26mentions of Digital Turbine in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
26.83%
From $1.23 to $1.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.49 out of 5 stars

Computer And Technology Sector

209th out of 660 stocks

Patent Owners & Lessors Industry

4th out of 6 stocks

APPS stock logo

About Digital Turbine (NASDAQ:APPS) Stock

Digital Turbine, Inc., through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through three segments: On Device Media, In App Media - AdColony, and In App Media - Fyber. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising, and sponsored and editorial content media. The company also provides an end-to-end platform for brands, agencies, publishers, and application developers to deliver advertising to consumers on mobile devices; and a platform that allows mobile application developers and digital publishers to monetize their content through display, native, and video advertising. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, China, Mexico, Central America, and South America. The company is headquartered in Austin, Texas.

Digital Turbine Price Performance

Shares of APPS traded up $0.33 during trading hours on Thursday, reaching $23.97. 1,633,553 shares of the company's stock traded hands, compared to its average volume of 3,540,642. The stock has a market cap of $2.37 billion, a PE ratio of 67.54, a price-to-earnings-growth ratio of 2.04 and a beta of 2.40. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.82. The firm's 50 day simple moving average is $18.94 and its 200-day simple moving average is $30.67. Digital Turbine has a 12 month low of $14.43 and a 12 month high of $93.98.

Digital Turbine (NASDAQ:APPS - Get Rating) last issued its quarterly earnings results on Tuesday, May 31st. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $184.14 million during the quarter, compared to the consensus estimate of $336.45 million. Digital Turbine had a return on equity of 29.78% and a net margin of 3.42%. The company's revenue for the quarter was up 93.7% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. Equities analysts expect that Digital Turbine will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on APPS. Macquarie cut their target price on Digital Turbine from $70.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, June 1st. Oppenheimer cut their target price on Digital Turbine from $117.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, June 1st. B. Riley raised their target price on Digital Turbine from $29.00 to $33.00 in a research note on Tuesday, August 9th. Craig Hallum cut their target price on Digital Turbine to $60.00 in a research note on Monday. Finally, StockNews.com upgraded Digital Turbine from a "sell" rating to a "hold" rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $67.50.

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APPS Stock News Headlines

Digital Turbine (NASDAQ:APPS) Price Target Cut to $60.00
Digital Turbine (APPS) to Release Earnings on Monday
Check Out What Whales Are Doing With APPS
Digital Turbine (NASDAQ:APPS) Shares Gap Up to $18.56
See More Headlines
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APPS Company Calendar

Last Earnings
5/31/2022
Today
8/19/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Patent owners & lessors
Sub-Industry
N/A
Current Symbol
NASDAQ:APPS
Fax
N/A
Employees
280
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$61.00
High Stock Price Forecast
$132.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+172.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$35.55 million
Pretax Margin
4.38%

Debt

Sales & Book Value

Annual Sales
$747.60 million
Cash Flow
$2.04 per share
Book Value
$5.85 per share

Miscellaneous

Free Float
93,407,000
Market Cap
$2.21 billion
Optionable
Optionable
Beta
2.40

Key Executives

  • Mr. William Gordon Stone III (Age 54)
    CEO & Director
    Comp: $1.25M
  • Mr. Matthew Gillis (Age 50)
    Pres
    Comp: $506.19k
  • Mr. Barrett Garrison (Age 46)
    Exec. VP & CFO
    Comp: $696.56k
  • Mr. Michael Benjamin Miller (Age 47)
    Chief Accounting Officer
    Comp: $351.96k
  • Ms. Christine CollinsMs. Christine Collins (Age 52)
    Chief Technology Officer
    Comp: $468.05k
  • Ms. Kirstie Elizabeth Brown (Age 46)
    Exec. VP of Global Fin. & Operations
  • Brian Bartholomew
    Sr. VP of Capital Markets & Strategy and Investor Relations
  • Ms. Sylvia Krzmarzick
    Chief People Officer
  • Eva Sayre
    Chief of Staff
  • Mr. David Wesch (Age 35)
    Controller













APPS Stock - Frequently Asked Questions

Should I buy or sell Digital Turbine stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digital Turbine in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" APPS shares.
View APPS analyst ratings
or view top-rated stocks.

What is Digital Turbine's stock price forecast for 2022?

4 analysts have issued twelve-month target prices for Digital Turbine's stock. Their APPS share price forecasts range from $33.00 to $132.00. On average, they expect the company's stock price to reach $61.00 in the next twelve months. This suggests a possible upside of 154.5% from the stock's current price.
View analysts price targets for APPS
or view top-rated stocks among Wall Street analysts.

How have APPS shares performed in 2022?

Digital Turbine's stock was trading at $60.99 at the beginning of the year. Since then, APPS shares have decreased by 60.7% and is now trading at $23.97.
View the best growth stocks for 2022 here
.

When is Digital Turbine's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our APPS earnings forecast
.

How were Digital Turbine's earnings last quarter?

Digital Turbine, Inc. (NASDAQ:APPS) posted its quarterly earnings data on Tuesday, May, 31st. The software maker reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The software maker had revenue of $184.14 million for the quarter, compared to the consensus estimate of $336.45 million. Digital Turbine had a net margin of 3.42% and a trailing twelve-month return on equity of 29.78%. The business's quarterly revenue was up 93.7% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS.

What guidance has Digital Turbine issued on next quarter's earnings?

Digital Turbine issued an update on its second quarter 2023 earnings guidance on Tuesday, August, 16th. The company provided EPS guidance of $0.32-$0.34 for the period, compared to the consensus EPS estimate of $0.37. The company issued revenue guidance of $170.00 million-$180.00 million, compared to the consensus revenue estimate of $195.19 million.

What is Bill Stone's approval rating as Digital Turbine's CEO?

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.

What other stocks do shareholders of Digital Turbine own?

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).

What is Digital Turbine's stock symbol?

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

Who are Digital Turbine's major shareholders?

Digital Turbine's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (3.05%), Rice Hall James & Associates LLC (1.63%), Northern Trust Corp (0.97%), Price T Rowe Associates Inc. MD (0.76%), Elemental Capital Partners LLC (0.63%) and Principal Financial Group Inc. (0.56%). Insiders that own company stock include Christine Collins, Christopher Thomas Rogers, David Wesch, Jeff Karish, Michelle M Sterling, Mohan S Gyani, Robert M Deutschman, Robert M Deutschman, Roy H Chestnutt and William Gordon Stone III.
View institutional ownership trends
.

How do I buy shares of Digital Turbine?

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.
Compare Top Brokerages Here.

What is Digital Turbine's stock price today?

One share of APPS stock can currently be purchased for approximately $23.97.

How much money does Digital Turbine make?

Digital Turbine (NASDAQ:APPS) has a market capitalization of $2.37 billion and generates $747.60 million in revenue each year. The software maker earns $35.55 million in net income (profit) each year or $0.35 on an earnings per share basis.

How many employees does Digital Turbine have?

The company employs 280 workers across the globe.

How can I contact Digital Turbine?

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.

This page (NASDAQ:APPS) was last updated on 8/19/2022 by MarketBeat.com Staff

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