Digital Turbine - APPS Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digital Turbine in the last year. There are currently 3 hold ratings and 2 buy ratings 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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5 analysts have issued 12 month price objectives for Digital Turbine's stock. Their APPS share price forecasts range from $9.00 to $25.00. On average, they anticipate the company's share price to reach $18.17 in the next year. This suggests a possible upside of 47.0% from the stock's current price.
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Digital Turbine's stock was trading at $15.24 at the beginning of 2023. Since then, APPS shares have decreased by 18.9% and is now trading at $12.36.
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Digital Turbine saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 6,130,000 shares, an increase of 10.3% from the February 28th total of 5,560,000 shares. Based on an average daily volume of 2,330,000 shares, the short-interest ratio is presently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 30th 2023.
View our APPS earnings forecast.

Digital Turbine, Inc. (NASDAQ:APPS) issued its earnings results on Wednesday, February, 8th. The software maker reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.09. The software maker had revenue of $162.31 million for the quarter, compared to analysts' expectations of $184.94 million. Digital Turbine had a trailing twelve-month return on equity of 21.20% and a net margin of 7.14%.

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), iShares Expanded Tech-Software Sector ETF (IGV) and Direxion Daily Software Bull 2X Shares (SWAR).

Digital Turbine updated its FY 2023 earnings guidance on Wednesday, February, 8th. The company provided earnings per share (EPS) guidance of $1.15-$1.20 for the period, compared to the consensus estimate of $1.41. The company issued revenue guidance of $660.00 million-$670.00 million, compared to the consensus revenue estimate of $722.49 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."

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 $12.36.

Digital Turbine (NASDAQ:APPS) has a market capitalization of $1.23 billion and generates $747.60 million in revenue each year. The software maker earns $35.55 million in net income (profit) each year or $0.49 on an earnings per share basis.

The company employs 280 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.