Digital Turbine (NASDAQ:APPS) Issues Earnings Results

Digital Turbine (NASDAQ:APPS - Get Free Report) issued its quarterly earnings data on Wednesday. The software maker reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.08), Zacks reports. Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. Digital Turbine updated its FY 2025 guidance to EPS.

Digital Turbine Stock Down 1.8 %

APPS traded down $0.09 on Friday, hitting $4.90. 25,409,632 shares of the company were exchanged, compared to its average volume of 8,750,329. Digital Turbine has a 12 month low of $1.18 and a 12 month high of $5.20. The company has a market cap of $514.55 million, a PE ratio of -1.62 and a beta of 2.38. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.09 and a current ratio of 1.06. The stock's fifty day moving average is $2.01 and its 200-day moving average is $2.48.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APPS. Macquarie dropped their price target on Digital Turbine from $3.00 to $2.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. Craig Hallum dropped 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. Finally, Bank of America downgraded Digital Turbine from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $3.50 to $1.00 in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Digital Turbine has an average rating of "Hold" and a consensus price target of $2.38.

Insider Activity at Digital Turbine

In other news, Director Robert M. Deutschman purchased 100,000 shares of the business's stock in a transaction on Monday, November 11th. The stock was purchased at an average price of $1.41 per share, for a total transaction of $141,000.00. Following the completion of the purchase, the director now directly owns 571,216 shares in the company, valued at $805,414.56. The trade was a 21.22 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders bought 127,000 shares of company stock valued at $175,610. 5.80% of the stock is owned by corporate insiders.

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.