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

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

Digital Turbine Inc (NASDAQ:APPS) issued its earnings results on Monday, February, 10th. The software maker reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates 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 is scheduled to release their next quarterly earnings announcement on Monday, June 1st 2020. View Earnings Estimates for Digital Turbine.

Digital Turbine updated its fourth quarter 2020 After-Hours earnings guidance on Monday, February, 10th. The company provided earnings per share (EPS) 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 equities research analysts have issued 1-year price objectives for Digital Turbine's stock. Their forecasts range from $5.10 to $11.00. On average, they anticipate Digital Turbine's share price to reach $7.64 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price. View Analyst Price Targets for Digital Turbine.

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.

News headlines about APPS stock have trended neutral this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Digital Turbine earned a coverage optimism score of 0.2 on InfoTrie's scale. They also gave media coverage about the software maker a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Digital Turbine.

Digital Turbine saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 7,420,000 shares, a decrease of 5.4% from the January 15th total of 7,840,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the short-interest ratio is currently 3.3 days. Currently, 9.6% of the shares of the stock are sold short. View Digital Turbine's Current Options Chain.

Based on aggregate information from My MarketBeat watchlists, some companies that other Digital Turbine investors own include NVIDIA (NVDA), Canopy Growth (CGC), Enphase Energy (ENPH), Advanced Micro Devices (AMD), Alibaba Group (BABA), AT&T (T), Xilinx (XLNX), Square (SQ), Amarin (AMRN) and Micron Technology (MU).

Digital Turbine's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (2.15%), Driehaus Capital Management LLC (1.34%), Goldman Sachs Group Inc. (0.92%), Cooper Creek Partners Management LLC (0.89%), P.A.W. Capital Corp (0.76%) and Acadian Asset Management LLC (0.72%). Company insiders that own Digital Turbine stock include Michelle M Sterling, 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, P.A.W. Capital Corp, Barclays PLC and Bank of New York Mellon Corp. Company insiders that have sold Digital Turbine company stock in the last year include Paul M Schaeffer and William Gordon Stone III. View Insider Buying and Selling for Digital Turbine.

APPS stock was acquired by a variety of institutional investors in the last quarter, including Hancock Whitney Corp, Driehaus Capital Management LLC, Cooper Creek Partners Management LLC, Navellier & Associates Inc, AQR Capital Management LLC, Swiss National Bank, Creative Planning and State Street Corp. Company insiders that have bought Digital Turbine stock in the last two years include Michelle M Sterling, Robert M Deutschman, Roy H Chestnutt and William Gordon Stone III. View Insider Buying and Selling 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 $6.77.

Digital Turbine has a market capitalization of $587.23 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.