Digital Turbine, Inc., through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through three segments: On Device Media, In App Media - AdColony, and In App Media - Fyber. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising, and sponsored and editorial content media. The company also provides an end-to-end platform for brands, agencies, publishers, and application developers to deliver advertising to consumers on mobile devices; and a platform that allows mobile application developers and digital publishers to monetize their content through display, native, and video advertising. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, China, Mexico, Central America, and South America. The company is headquartered in Austin, Texas.
Digital Turbine Price Performance
Shares of APPS traded up $0.33 during trading hours on Thursday, reaching $23.97. 1,633,553 shares of the company's stock traded hands, compared to its average volume of 3,540,642. The stock has a market cap of $2.37 billion, a PE ratio of 67.54, a price-to-earnings-growth ratio of 2.04 and a beta of 2.40. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.82. The firm's 50 day simple moving average is $18.94 and its 200-day simple moving average is $30.67. Digital Turbine has a 12 month low of $14.43 and a 12 month high of $93.98.
Digital Turbine (NASDAQ:APPS - Get Rating) last issued its quarterly earnings results on Tuesday, May 31st. The software maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The firm had revenue of $184.14 million during the quarter, compared to the consensus estimate of $336.45 million. Digital Turbine had a return on equity of 29.78% and a net margin of 3.42%. The company's revenue for the quarter was up 93.7% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. Equities analysts expect that Digital Turbine will post 1.23 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have commented on APPS. Macquarie cut their target price on Digital Turbine from $70.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, June 1st. Oppenheimer cut their target price on Digital Turbine from $117.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, June 1st. B. Riley raised their target price on Digital Turbine from $29.00 to $33.00 in a research note on Tuesday, August 9th. Craig Hallum cut their target price on Digital Turbine to $60.00 in a research note on Monday. Finally, StockNews.com upgraded Digital Turbine from a "sell" rating to a "hold" rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $67.50.