Digital Turbine (APPS) to Announce Earnings on Wednesday

Digital Turbine (NASDAQ:APPS - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Digital Turbine to post earnings of $0.13 per share and revenue of $123.68 million for the quarter. Digital Turbine has set its FY 2025 guidance at EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Digital Turbine (NASDAQ:APPS - Get Free Report) last released its earnings results on Wednesday, November 6th. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $118.70 million during the quarter, compared to analysts' expectations of $125.85 million. Digital Turbine had a positive return on equity of 3.32% and a negative net margin of 61.17%. The company's revenue was down 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 earnings per share. On average, analysts expect Digital Turbine to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Digital Turbine Price Performance

APPS stock traded up $0.11 during trading on Friday, reaching $2.62. The company's stock had a trading volume of 3,359,614 shares, compared to its average volume of 2,682,844. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.24. The company's fifty day moving average is $1.81 and its 200-day moving average is $2.44. The company has a market capitalization of $271.77 million, a P/E ratio of -0.89 and a beta of 2.34. Digital Turbine has a 1 year low of $1.18 and a 1 year high of $5.79.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Craig Hallum decreased their target price on Digital Turbine from $5.00 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Bank of America cut Digital Turbine from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $3.50 to $1.00 in a report on Friday, November 15th. Finally, Macquarie cut their target price on shares of Digital Turbine from $3.00 to $2.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $2.38.

Insider Activity

In related news, Director Robert M. Deutschman bought 100,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were bought at an average price of $1.41 per share, with a total value of $141,000.00. Following the transaction, the director now owns 571,216 shares in the company, valued at approximately $805,414.56. This trade represents a 21.22 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have bought 127,000 shares of company stock worth $175,610. Corporate insiders own 5.80% of the company's stock.

About Digital Turbine

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.