Digital Turbine (APPS) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $1.29 to $1.41
• 50-Day Range: $1.31 to $3.70
• 52-Week Range: $1.29 to $7.33
• Volume: 7.20 million shs
• Average Volume: 3.11 million shs
• Market Capitalization: $135.88 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.38
• Consensus Rating: Hold

Digital Turbine Stock Analysis - MarketRank™

Digital Turbine scored higher than 93% of companies evaluated by MarketBeat, and ranked 89th out of 656 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Digital Turbine has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Digital Turbine has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 160.00%

Earnings Growth

Earnings for Digital Turbine are expected to grow by 160.00% in the coming year, from $0.05 to $0.13 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Digital Turbine is -0.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Digital Turbine is -0.44, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Digital Turbine has a PEG Ratio of 4.05. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Digital Turbine has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.35% of the float of Digital Turbine has been sold short.

Short Interest Ratio / Days to Cover

Digital Turbine has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Digital Turbine has recently decreased by 5.20%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Digital Turbine does not currently pay a dividend.

Dividend Growth

Digital Turbine does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 1.7 / 5
• Environmental Score: -0.66

Percentage of Shares Shorted

5.35% of the float of Digital Turbine has been sold short.

Short Interest Ratio / Days to Cover

Digital Turbine has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Digital Turbine has recently decreased by 5.20%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.42

News Sentiment

Digital Turbine has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Digital Turbine this week, compared to 4 articles on an average week.

Search Interest

22 people have searched for APPS on MarketBeat in the last 30 days. This is an increase of 340% compared to the previous 30 days.

MarketBeat Follows

33 people have added Digital Turbine to their MarketBeat watchlist in the last 30 days. This is an increase of 175% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Digital Turbine insiders have bought more of their company's stock than they have sold. Specifically, they have bought $141,000.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 5.80% of the stock of Digital Turbine is held by insiders.

Percentage Held by Institutions

63.66% of the stock of Digital Turbine is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

APPS Stock Analysis - Frequently Asked Questions

How have APPS shares performed this year?

Digital Turbine's stock was trading at $6.86 at the beginning of 2024. Since then, APPS stock has decreased by 80.9% and is now trading at $1.31.
View the best growth stocks for 2024 here.

How were Digital Turbine's earnings last quarter?

Digital Turbine, Inc. (NASDAQ:APPS) posted its quarterly earnings data on Wednesday, November, 6th. The software maker reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by $0.01. Digital Turbine's revenue for the quarter was down 17.1% on a year-over-year basis.

Who are Digital Turbine's major shareholders?

Top institutional investors of Digital Turbine include Geode Capital Management LLC (2.25%), State Street Corp (2.03%), Rice Hall James & Associates LLC (1.92%) and Charles Schwab Investment Management Inc. (0.75%). Insiders that own company stock include William Gordon Stone III, Robert M Deutschman and Michelle M Sterling.
View institutional ownership trends.

How do I buy shares of Digital Turbine?

Shares of APPS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Digital Turbine own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Digital Turbine investors own include Block (SQ), Palantir Technologies (PLTR), SoFi Technologies (SOFI), Okta (OKTA), ChargePoint (CHPT), Archer Aviation (ACHR) and Canoo (GOEV).

Company Calendar

• Last Earnings: 11/06/2024
• Today: 11/17/2024
• Next Earnings (Estimated): 2/05/2025
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Patent owners & lessors
• Sub-Industry: Trading
• Current Symbol: NASDAQ:APPS
• CUSIP: N/A
• CIK: 317788
• Web: www.digitalturbine.com
• Phone: (512) 387-7717
• Fax: N/A
• Employees: 840
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.38
• High Stock Price Target: $4.00
• Low Stock Price Target: $1.00
• Potential Upside/Downside: +81.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.95)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 26.20
• P/E Growth: 4.05
• Net Income: $-420,230,000.00
• Net Margins: -61.17%
• Pretax Margin: -56.96%
• Return on Equity: 3.32%
• Return on Assets: 0.94%

Debt

• Debt-to-Equity Ratio: 2.24
• Current Ratio: 1.09
• Quick Ratio: 1.09

Sales & Book Value

• Annual Sales: $544.48 million
• Price / Sales: 0.25
• Cash Flow: $1.08 per share
• Price / Cash Flow: 1.21
• Book Value: $1.76 per share
• Price / Book: 0.74

Miscellaneous

• Outstanding Shares: 103,730,000
• Free Float: 97,710,000
• Market Cap: $135.89 million
• Optionable: Optionable
• Beta: 2.59