Digital Turbine (APPS) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digital Turbine in the last year. There are currently 4 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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6 brokerages have issued 1 year price targets for Digital Turbine's stock. Their APPS share price forecasts range from $9.00 to $20.00. On average, they anticipate the company's stock price to reach $14.71 in the next twelve months. This suggests a possible upside of 61.0% 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 stock has decreased by 40.0% and is now trading at $9.14.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our APPS earnings forecast.

Digital Turbine, Inc. (NASDAQ:APPS) released its quarterly earnings data on Tuesday, November, 2nd. The software maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.12. The software maker earned $310.21 million during the quarter, compared to analysts' expectations of $304 million. Digital Turbine had a net margin of 2.50% and a trailing twelve-month return on equity of 14.64%. During the same quarter last year, the firm posted $0.12 earnings per share.

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), RiverFront Dynamic US Flex-Cap ETF (RFFC) and Vanguard U.S. Value Factor (VFVA).

Digital Turbine issued an update on its first quarter 2024 earnings guidance on Saturday, May, 27th. The company provided earnings per share guidance of $0.11-$0.13 for the period, compared to the consensus earnings per share estimate of $0.22. The company issued revenue guidance of $140.00 million-$145.00 million, compared to the consensus revenue estimate of $148.53 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (14.39%), Granahan Investment Management LLC (4.44%), State Street Corp (3.51%), American Century Companies Inc. (2.45%), Rice Hall James & Associates LLC (1.87%) and Geode Capital Management LLC (1.78%). 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.
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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 $9.14.

Digital Turbine (NASDAQ:APPS) has a market capitalization of $913.91 million and generates $665.92 million in revenue each year. The software maker earns $16.67 million in net income (profit) each year or $0.16 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.