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 brokerages have issued 12-month price targets for Digital Turbine's stock. Their APPS share price forecasts range from $9.00 to $25.00. On average, they anticipate the company's stock price to reach $18.17 in the next year. This suggests a possible upside of 64.3% from the stock's current price.
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Digital Turbine's stock was trading at $15.24 at the start of the year. Since then, APPS stock has decreased by 27.4% and is now trading at $11.06.
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Digital Turbine saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 5,560,000 shares, a drop of 5.6% from the February 13th total of 5,890,000 shares. Based on an average daily volume of 2,170,000 shares, the short-interest ratio is currently 2.6 days.
View Digital Turbine's Short Interest.

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) announced its quarterly earnings data on Wednesday, February, 8th. The software maker reported $0.22 EPS for the quarter, missing the consensus estimate of $0.31 by $0.09. The software maker earned $162.31 million during the quarter, compared to analysts' expectations of $184.94 million. Digital Turbine had a net margin of 7.14% and a trailing twelve-month return on equity of 21.20%.

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 FactSet Innovative Technology ETF (XITK), SPDR S&P Software & Services ETF (XSW), iShares Expanded Tech-Software Sector ETF (IGV) and Direxion Daily Software Bull 2X Shares (SWAR).Convergence Long/Short Equity ETF (CLSE).

Digital Turbine updated its FY 2023 earnings guidance on Wednesday, February, 8th. The company provided EPS guidance of $1.15-$1.20 for the period, compared to the consensus earnings per share 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."

Digital Turbine's stock is owned by many different institutional and retail investors. Top institutional shareholders include Granahan Investment Management LLC (3.47%), American Century Companies Inc. (2.16%), Rice Hall James & Associates LLC (1.89%), Geode Capital Management LLC (1.70%), Morgan Stanley (1.40%) and Norges Bank (0.87%). 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.
View institutional ownership trends.

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 $11.06.

Digital Turbine (NASDAQ:APPS) has a market capitalization of $1.10 billion and generates $709.94 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.