NASDAQ:APPSDigital Turbine Stock Price, Forecast & News

Digital Turbine's stock was trading at $5.88 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, APPS stock has increased by 115.3% and is now trading at $12.66. View which stocks have been most impacted by Coronavirus.

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.

Digital Turbine is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Digital Turbine.

Digital Turbine Inc (NASDAQ:APPS) posted its earnings results on Tuesday, June, 2nd. The software maker reported $0.05 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.01. The software maker earned $39.35 million during the quarter, compared to analyst estimates of $38.40 million. Digital Turbine had a net margin of 10.02% and a return on equity of 26.09%. View Digital Turbine's earnings history.

Digital Turbine issued an update on its first quarter 2021 After-Hours earnings guidance on Tuesday, June, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $47-50 million, compared to the consensus revenue estimate of $41.98 million.

7 brokerages have issued 12-month target prices for Digital Turbine's stock. Their forecasts range from $9.50 to $15.00. On average, they expect Digital Turbine's share price to reach $12.39 in the next twelve months. This suggests that the stock has a possible downside of 2.1%. View analysts' price targets for Digital Turbine.

Media headlines about APPS stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Digital Turbine earned a news sentiment score of -1.5 on InfoTrie's scale. They also gave media coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Digital Turbine.

Digital Turbine saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,540,000 shares, a decrease of 5.6% from the June 15th total of 4,810,000 shares. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is currently 1.9 days. Approximately 5.8% of the company's shares are short sold. View Digital Turbine's Current Options Chain.

Some companies that are related to Digital Turbine include InterDigital Wireless (IDCC), Liberty Tax (TAXA), Joint (JYNT), Acacia Research (ACTG), Quarterhill (QTRH), Quarterhill (QTRHF), Research Frontiers (REFR), Finjan (FNJN), Marathon Patent Group (MARA), XCel Brands (XELB), MGT Capital Investments (MGTI), Health Discovery (HDVY), Spherix (SPEX), Micro Imaging Technology (MMTC) and ARC Group (ARCK). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Digital Turbine investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Square (SQ), Canopy Growth (CGC), Enphase Energy (ENPH), salesforce.com (CRM), Netflix (NFLX), AT&T (T) and Tesla (TSLA).

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

Digital Turbine's stock is owned by a variety of retail and institutional investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (0.02%). Company insiders that own Digital Turbine stock include Christine Collins, 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 bought by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd.. 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 $12.66.

Digital Turbine has a market capitalization of $1.11 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 158 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]