Digital Turbine (NASDAQ:APPS - Get Free Report) released its earnings results on Wednesday. The software maker reported $0.05 EPS for the quarter, missing the consensus estimate 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 %
Shares of NASDAQ:APPS traded down $0.09 during trading on Friday, reaching $4.90. The company's stock had a trading volume of 25,409,632 shares, 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 quick ratio of 1.09, a current ratio of 1.06 and a debt-to-equity ratio of 2.50. The firm's 50 day simple moving average is $2.01 and its two-hundred day simple moving average is $2.48.
Analyst Ratings Changes
APPS has been the subject of several research reports. Bank of America downgraded shares of Digital Turbine from a "neutral" rating to an "underperform" rating and dropped their price objective for the company from $3.50 to $1.00 in a report on Friday, November 15th. Macquarie dropped their price target on Digital Turbine from $3.00 to $2.00 and set a "neutral" rating for the company in a research note on Thursday, November 7th. Finally, Craig Hallum reduced their price objective on Digital Turbine from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $2.38.
Read Our Latest Stock Analysis on APPS
Insider Buying and Selling at Digital Turbine
In other news, Director Robert M. Deutschman bought 100,000 shares of the stock in a transaction dated 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 acquisition, the director now owns 571,216 shares of the company's stock, valued at $805,414.56. The trade was a 21.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased a total of 127,000 shares of company stock worth $175,610 over the last ninety days. Company insiders own 5.80% of the company's stock.
About Digital Turbine
(
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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.
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