The price of Digital Turbine Inc. (NASDAQ:APPS) shares last traded on Wall Street rose 0.56% to $14.43.
Based on available information, 7 analysts follow Digital Turbine Inc. (NASDAQ:APPS). The consensus rating among analysts is ‘Overweight’. APPS stock price is now 20.00% away from the 50-day moving average and -3.58% away from the 200-day moving average. The market capitalization of the company currently stands at $1.46B.
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Among analysts, 3 rate the stock a hold while 3 rate it a buy.
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In other news, STONE WILLIAM GORDON III, Chief Executive Officer sold 35,000 shares of the company’s stock on Mar 16. The stock was sold for $359,100 at an average price of $10.26. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,612,789 shares in the company, valued at $23.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 15, Chief Executive Officer STONE WILLIAM GORDON III sold 35,000 shares of the business’s stock. A total of $368,900 was realized by selling the stock at an average price of $10.54. This leaves the insider owning 1,647,789 shares of the company worth $23.78 million. Insiders disposed of 564,586 shares of company stock worth roughly $8.15 million over the past 1 year. A total of 3.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in APPS stock. A new stake in Digital Turbine Inc. shares was purchased by PACER ADVISORS, INC. during the first quarter worth $14,605,000. DIVISADERO STREET CAPITAL MANAGEMENT, LP invested $11,616,000 in shares of APPS during the first quarter. In the first quarter, AIGH CAPITAL MANAGEMENT LLC acquired a new stake in Digital Turbine Inc. valued at approximately $9,669,000. NORDEA INVESTMENT MANAGEMENT AB acquired a new stake in APPS for approximately $4,365,000. CLARK ESTATES INC/NY purchased a new stake in APPS valued at around $3,896,000 in the second quarter. In total, there are 363 active investors with 70.40% ownership of the company’s stock.
A candlestick chart of Digital Turbine Inc. (NASDAQ: APPS) showed a price of $14.25 on Wednesday morning. During the past 12 months, Digital Turbine Inc. has had a low of $9.13 and a high of $27.03. As of last week, the company has a debt-to-equity ratio of 0.70, a current ratio of 1.20, and a quick ratio of 1.20. According to the stock market information, the enterprise value for the company is $1.58B, which is based on a 29.69 price-to-earnings ratio, a 2.97 price-to-earnings-growth ratio, and a beta of 2.43. The fifty day moving average price for APPS is $12.10 and a two-hundred day moving average price translates $14.92 for the stock.
The latest earnings results from Digital Turbine Inc. (NASDAQ: APPS) was released for Dec, 2022. According to the Software – Application Company, earnings per share came in at $0.29, missing analysts’ expectations of $0.37 by -0.08. This compares to $0.07 EPS in the same period last year. The net profit margin was 7.10% and return on equity was 8.90% for APPS. The company reported revenue of $162.31 million for the quarter, compared to $216.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.14 percent. For the current quarter, analysts expect APPS to generate $138.66M in revenue.
Digital Turbine Inc.(APPS) Company Profile
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.
