Digital Turbine - APPS Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Digital Turbine in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" APPS shares.
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4 brokerages have issued 12 month target prices for Digital Turbine's shares. Their APPS share price forecasts range from $16.00 to $40.00. On average, they expect the company's share price to reach $24.83 in the next year. This suggests a possible upside of 43.7% 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 increased by 13.4% and is now trading at $17.28.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
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Digital Turbine will be holding an earnings conference call on Wednesday, February 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "4128001".

Digital Turbine, Inc. (NASDAQ:APPS) announced its quarterly earnings results on Wednesday, November, 9th. The software maker reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The software maker earned $174.86 million during the quarter, compared to analyst estimates of $173.67 million. Digital Turbine had a trailing twelve-month return on equity of 26.56% and a net margin of 5.82%.

Digital Turbine issued an update on its third quarter 2023 earnings guidance on Friday, December, 9th. The company provided EPS guidance of $0.36-$0.39 for the period, compared to the consensus earnings per share estimate of $0.38. The company issued revenue guidance of $180.00 million-$190.00 million, compared to the consensus revenue estimate of $203.37 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 retail and institutional investors. Top institutional investors include Rice Hall James & Associates LLC (1.89%), Peregrine Capital Management LLC (0.46%), New York State Teachers Retirement System (0.15%), State of New Jersey Common Pension Fund D (0.14%), Lindbrook Capital LLC (0.13%) and Anderson Hoagland & Co. (0.13%). Insiders that own company stock include Christine Collins, Christopher Thomas Rogers, David Wesch, Jeff Karish, Michelle M Sterling, Mohan S Gyani, Robert M Deutschman, Robert M Deutschman, Roy H Chestnutt 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 $17.28.

Digital Turbine (NASDAQ:APPS) has a market capitalization of $1.71 billion and generates $764.45 million in revenue each year. The software maker earns $35.55 million in net income (profit) each year or $0.52 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.