Digital Turbine Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Digital Turbine in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Digital Turbine stock.
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Digital Turbine saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,390,000 shares, an increase of 21.5% from the June 30th total of 2,790,000 shares. Based on an average daily volume of 2,990,000 shares, the short-interest ratio is currently 1.1 days. Approximately 3.8% of the shares of the stock are sold short.
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Digital Turbine is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021.
View our earnings forecast for Digital Turbine.

Digital Turbine will be holding an earnings conference call on Monday, August 9th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "10159167".

Digital Turbine, Inc. (NASDAQ:APPS) released its quarterly earnings results on Monday, May, 31st. The software maker reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.05. The software maker had revenue of $95.08 million for the quarter, compared to the consensus estimate of $95.10 million. Digital Turbine had a trailing twelve-month return on equity of 59.51% and a net margin of 17.50%. The business's quarterly revenue was up 141.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.05 earnings per share.
View Digital Turbine's earnings history.

Digital Turbine's stock was trading at $5.88 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, APPS shares have increased by 970.6% and is now trading at $62.95.
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Digital Turbine updated its first quarter 2022 earnings guidance on Tuesday, June, 29th. The company provided earnings per share (EPS) guidance of $0.310-$0.310 for the period, compared to the Thomson Reuters consensus estimate of $0.210. The company issued revenue guidance of $188 million-$192 million, compared to the consensus revenue estimate of $101.94 million.

7 brokers have issued 1-year price targets for Digital Turbine's shares. Their forecasts range from $23.00 to $132.00. On average, they anticipate Digital Turbine's share price to reach $82.50 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price.
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46 employees have rated Digital Turbine CEO Bill Stone on Glassdoor.com. Bill Stone has an approval rating of 97% among Digital Turbine's employees. This puts Bill Stone in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Digital Turbine include Dolby Laboratories (DLB), InterDigital (IDCC), Franchise Group (FRG), The Joint (JYNT), Liberty Tax (TAXA), VirnetX (VHC), Acacia Research (ACTG), Pendrell (PCOA), Quarterhill (QTRHF), Health Discovery (HDVY), Research Frontiers (REFR), Network-1 Technologies (NTIP), Xcel Brands (XELB), Micro Imaging Technology (MMTC) and Mills Music Trust (MMTRS).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Digital Turbine investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Square (SQ), Tesla (TSLA), DocuSign (DOCU), salesforce.com (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 variety of institutional and retail investors. Top institutional shareholders include Spence Asset Management (0.23%), MAI Capital Management (0.04%), Chartwell Investment Partners LLC (0.02%), Advisors Asset Management Inc. (0.02%), Cutler Group LP (0.00%) and Wedbush Securities Inc. (0.01%). Company insiders that own Digital Turbine stock include Christine Collins, Christopher Thomas Rogers, David Wesch, Jeff Karish, Michelle M Sterling, Mohan S Gyani, 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 Advisors Asset Management Inc., Cutler Group LP, Kovack Advisors Inc., GWM Advisors LLC, Wedbush Securities Inc., and Zurcher Kantonalbank Zurich Cantonalbank . Company insiders that have sold Digital Turbine company stock in the last year include Christine Collins, Christopher Thomas Rogers, David Wesch, Jeff Karish, and William Gordon Stone III.
View insider buying and selling activity for Digital Turbine or view top insider-selling stocks.

APPS stock was purchased by a variety of institutional investors in the last quarter, including Dupont Capital Management Corp, Kestra Private Wealth Services LLC, Nkcfo LLC, MAI Capital Management, Spence Asset Management, IFP Advisors Inc, Arkadios Wealth Advisors, and Convergence Investment Partners LLC. Company insiders that have bought Digital Turbine stock in the last two years include Jeff Karish, Michelle M Sterling, Mohan S Gyani, Robert M Deutschman, Roy H Chestnutt, and William Gordon Stone III.
View insider buying and selling activity for Digital Turbine or or view top insider-buying stocks.

Shares of APPS 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 $62.95.

Digital Turbine has a market capitalization of $5.87 billion and generates $313.58 million in revenue each year. The software maker earns $54.88 million in net income (profit) each year or $0.68 on an earnings per share basis.

Digital Turbine employs 280 workers across the globe.

The official website for Digital Turbine is www.digitalturbine.com.

Digital Turbine is headquartered at 111 NUECES STREET, AUSTIN TX, 78701.

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]