Digital Turbine Inc (NASDAQ:APPS) shares traded 5.71% higher at $2.96 on Wall Street last session.
APPS stock price is now -34.14% away from the 50-day moving average and -56.13% away from the 200-day moving average. The market capitalization of the company currently stands at $301.98M.
With the price target reduced from $12 to $10, Craig Hallum maintained Buy rating for Digital Turbine Inc (NASDAQ: APPS). On September 14, 2023, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $12 to quote $8, while ‘ROTH MKM’ rates the stock as ‘Neutral’
In other news, DEUTSCHMAN ROBERT M, Director bought 20,000 shares of the company’s stock on Sep 15 ’23. The stock was bought for $136,800 at an average price of $6.84. Upon completion of the transaction, the Director now directly owns 370,055 shares in the company, valued at $1.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15 ’23, Director GYANI MOHAN S bought 20,000 shares of the business’s stock. A total of $134,600 was incurred on buying the stock at an average price of $6.73. This leaves the insider owning 49,971 shares of the company worth $0.15 million. A total of 9.99% of the company’s stock is owned by insiders.
During the past 12 months, Digital Turbine Inc has had a low of $2.73 and a high of $14.61. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 1.07, and a quick ratio of 1.07. The fifty day moving average price for APPS is $4.4272 and a two-hundred day moving average price translates $6.7186 for the stock.
The latest earnings results from Digital Turbine Inc (NASDAQ: APPS) was released for Dec, 2023. According to the Software – Application Company, earnings per share came in at $0.15, missing analysts’ expectations of $0.17 by -0.02. This compares to $0.04 EPS in the same period last year. The net profit margin was -34.53% and return on equity was -37.60% for APPS. The company reported revenue of $142.63 million for the quarter, compared to $162.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.12 percent. For the current quarter, analysts expect APPS to generate $117.6M 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.
