Digital Turbine Stock Forecast, Price & News

Digital Turbine's stock was trading at $5.88 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, APPS shares have increased by 658.0% and is now trading at $44.57.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digital Turbine in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Digital Turbine or view MarketBeat's top 5 stock picks.

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Digital Turbine is scheduled to release its next quarterly earnings announcement on Monday, February 8th 2021.
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Digital Turbine, Inc. (NASDAQ:APPS) announced its quarterly earnings data on Thursday, October, 29th. The software maker reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.04. The software maker earned $70.90 million during the quarter, compared to analysts' expectations of $60.54 million. Digital Turbine had a net margin of 13.38% and a return on equity of 38.26%. The business's revenue was up 116.2% on a year-over-year basis.
View Digital Turbine's earnings history.

Digital Turbine issued an update on its fourth quarter earnings guidance on Friday, October, 30th. The company provided EPS guidance of $0.15-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.12. The company issued revenue guidance of $72-75 million, compared to the consensus revenue estimate of $64.63 million.

7 analysts have issued 1-year price targets for Digital Turbine's shares. Their forecasts range from $11.00 to $44.00. On average, they expect Digital Turbine's share price to reach $32.64 in the next year. This suggests that the stock has a possible downside of 26.8%.
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Digital Turbine saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 3,770,000 shares, an increase of 14.6% from the October 31st total of 3,290,000 shares. Based on an average daily trading volume, of 4,610,000 shares, the days-to-cover ratio is currently 0.8 days.
View Digital Turbine's Short Interest.

Some companies that are related to Digital Turbine include Dolby Laboratories (DLB), InterDigital (IDCC), Franchise Group (FRG), Liberty Tax (TAXA), The Joint (JYNT), VirnetX (VHC), Marathon Patent Group (MARA), Quarterhill (QTRHF), Acacia Research (ACTG), Research Frontiers (REFR), Pendrell (PCOA), Network-1 Technologies (NTIP), Network-1 Technologies (NTIP), Xcel Brands (XELB) and MGT Capital Investments (MGTI).
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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 Group (MRVL).

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

Digital Turbine's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.36%), State Street Corp (2.18%), Lord Abbett & CO. LLC (1.81%), Arrowstreet Capital Limited Partnership (1.78%), Greenhaven Road Investment Management L.P. (1.47%) and Congress Asset Management Co. MA (0.93%). Company insiders that own Digital Turbine stock include Christine Collins, Christopher Thomas Rogers, Jeff Karish, Michelle M Sterling, Mohan S Gyani, Paul M Schaeffer, 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 Greenhaven Road Investment Management L.P., S Squared Technology LLC, AQR Capital Management LLC, P.A.W. Capital Corp, Trellus Management Company LLC, Congress Asset Management Co. MA, Cubist Systematic Strategies LLC, and Los Angeles Capital Management & Equity Research Inc.. Company insiders that have sold Digital Turbine company stock in the last year include Christine Collins, Christopher Thomas Rogers, Jeff Karish, and William Gordon Stone III.
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APPS stock was bought by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Voloridge Investment Management LLC, Braun Stacey Associates Inc., Fuller & Thaler Asset Management Inc., Arrowstreet Capital Limited Partnership, Castleark Management LLC, State of New Jersey Common Pension Fund D, and JPMorgan Chase & Co.. 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.

Shares of APPS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of APPS stock can currently be purchased for approximately $44.57.

Digital Turbine has a market capitalization of $3.95 billion and generates $138.71 million in revenue each year. The software maker earns $13.90 million in net income (profit) each year or $0.17 on an earnings per share basis. Digital Turbine employs 207 workers across the globe.

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

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]