NASDAQ:APPS - Digital Turbine Stock Price, Forecast & News

Digital Turbine's stock was trading at $5.88 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, APPS shares have decreased by 28.1% and is now trading at $4.23. View which stocks have been mosted impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Digital Turbine in the last year. There are currently 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, June 1st 2020. View our earnings forecast for Digital Turbine.

Digital Turbine Inc (NASDAQ:APPS) posted its quarterly earnings results on Monday, February, 10th. The software maker reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by $0.01. The software maker had revenue of $36.02 million for the quarter, compared to analyst estimates of $37.58 million. Digital Turbine had a positive return on equity of 28.03% and a negative net margin of 5.35%. View Digital Turbine's earnings history.

Digital Turbine issued an update on its fourth quarter 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $33.2-34.5 million, compared to the consensus revenue estimate of $33.63 million.

6 brokerages have issued 1-year price objectives for Digital Turbine's stock. Their forecasts range from $5.10 to $12.00. On average, they anticipate Digital Turbine's share price to reach $8.35 in the next year. This suggests a possible upside of 97.4% from the stock's current price. View analysts' price targets for Digital Turbine.

Media coverage about APPS stock has been trending very negative recently, according to InfoTrie. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Digital Turbine earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned news coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutDigital Turbine.

Digital Turbine saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 5,157,400 shares, a decrease of 24.3% from the February 27th total of 6,810,000 shares. Based on an average daily trading volume, of 3,198,700 shares, the days-to-cover ratio is currently 1.6 days. Approximately 6.6% of the shares of the stock are short sold. View Digital Turbine's Current Options Chain.

Some companies that are related to Digital Turbine include InterDigital Wireless (IDCC), TiVo (TIVO), Joint (JYNT), Liberty Tax (TAXA), Quarterhill (QTRH), Quarterhill (QTRHF), Acacia Research (ACTG), Research Frontiers (REFR), Finjan (FNJN), XCel Brands (XELB), Health Discovery (HDVY), MGT Capital Investments (MGTI), Marathon Patent Group (MARA), XpresSpa Group (XSPA) and ARC Group (ARCK).

Based on aggregate information from My MarketBeat watchlists, some companies that other Digital Turbine investors own include NVIDIA (NVDA), Enphase Energy (ENPH), Advanced Micro Devices (AMD), Canopy Growth (CGC), Alibaba Group (BABA), Square (SQ), AT&T (T), Amarin (AMRN), Micron Technology (MU) 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 shareholders include State Street Corp (2.15%), Driehaus Capital Management LLC (1.34%), Geode Capital Management LLC (1.12%), Goldman Sachs Group Inc. (0.92%), Cooper Creek Partners Management LLC (0.89%) and Man Group plc (0.83%). 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 sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, EAM Investors LLC, EAM Global Investors LLC, Goldman Sachs Group Inc., Oxford Asset Management LLP, Belpointe Asset Management LLC, P.A.W. Capital Corp, and Barclays PLC. Company insiders that have sold Digital Turbine company stock in the last year include Christine Collins, Paul M Schaeffer, and William Gordon Stone III. View insider buying and selling activity for Digital Turbine.

APPS stock was acquired by a variety of institutional investors in the last quarter, including Man Group plc, Hancock Whitney Corp, Driehaus Capital Management LLC, Cooper Creek Partners Management LLC, Navellier & Associates Inc, AQR Capital Management LLC, Swiss National Bank, and Creative Planning. 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 $4.23.

Digital Turbine has a market capitalization of $366.91 million and generates $103.57 million in revenue each year. The software maker earns $-6,010,000.00 in net income (profit) each year or $0.05 on an earnings per share basis. Digital Turbine employs 158 workers across the globe. View additional information about Digital Turbine.

The official website for Digital Turbine is http://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]