In yesterday’s Wall Street session, Digital Turbine Inc. (NASDAQ:APPS) shares traded at $9.47, up 1.72% from the previous session.
As of this writing, 6 analysts cover Digital Turbine Inc. (NASDAQ:APPS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $9.00, we find $10.00. Given the previous closing price of $9.31, this indicates a potential upside of 7.41 percent. APPS stock price is now -9.51% away from the 50-day moving average and -28.75% away from the 200-day moving average. The market capitalization of the company currently stands at $936.77M.
There are 4 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $12.40 as their price target over the next twelve months.
With the price target reduced from $15 to $10, ROTH MKM Downgraded its rating from Buy to Neutral for Digital Turbine Inc. (NASDAQ: APPS).
In other news, Chestnutt Roy H, Director bought 6,515 shares of the company’s stock on May 31. The stock was bought for $59,743 at an average price of $9.17. Upon completion of the transaction, the Director now directly owns 124,125 shares in the company, valued at $1.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30, Director DEUTSCHMAN ROBERT M bought 5,000 shares of the business’s stock. A total of $43,825 was incurred on buying the stock at an average price of $8.77. This leaves the insider owning 304,017 shares of the company worth $2.88 million. Insiders disposed of 506,126 shares of company stock worth roughly $4.79 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 $9,585,000. DIVISADERO STREET CAPITAL MANAGEMENT, LP invested $7,623,000 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 $6,345,000. CLARK ESTATES INC/NY acquired a new stake in APPS for approximately $2,557,000. G2 INVESTMENT PARTNERS MANAGEMENT LLC purchased a new stake in APPS valued at around $947,000 in the second quarter. In total, there are 363 active investors with 70.40% ownership of the company’s stock.
Monday morning saw Digital Turbine Inc. (NASDAQ: APPS) opened at $9.27. During the past 12 months, Digital Turbine Inc. has had a low of $7.72 and a high of $25.00. As of last week, the company has a debt-to-equity ratio of 0.68, 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 $1.28B, which is based on a 60.32 price-to-earnings ratio, a 6.03 price-to-earnings-growth ratio, and a beta of 2.43. The fifty day moving average price for APPS is $10.42 and a two-hundred day moving average price translates $13.26 for the stock.
The latest earnings results from Digital Turbine Inc. (NASDAQ: APPS) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $0.14, missing analysts’ expectations of $0.18 by -0.04. This compares to $0.20 EPS in the same period last year. The net profit margin was 2.50% and return on equity was 2.80% for APPS. The company reported revenue of $140.12 million for the quarter, compared to $184.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.9 percent. For the current quarter, analysts expect APPS to generate $142.9M 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 two segments, On Device Solutions and App Growth Platform. 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 media content delivery services, and sponsored and editorial content media. The company also provides direct campaign management products, such as the DT DSP and DT Offer Wall; ad monetization solutions allow mobile app publishers and developers to monetize their monthly active users via display, native, and video advertising; brands and agencies runs mobile brand-awareness campaigns on the direct mobile app inventory; and app developers and other performance-focused advertisers execute mobile user acquisition campaigns for their apps and products. 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.
