Digital Turbine, Inc. (NASDAQ:APPS – Get Free Report) saw some unusual options trading activity on Tuesday. Investors purchased 8,839 call options on the stock. This is an increase of 171% compared to the typical daily volume of 3,266 call options.
Digital Turbine News Summary
Here’s some of the latest news about APPS:
- Positive Sentiment: Fiscal second-quarter results beat earnings and revenue expectations, while the company raised its fiscal 2027 revenue outlook to $670 million–$690 million, citing AI-powered advertising growth and stronger demand. Article: APPS Q2 Earnings Beat Estimates on Strong Ad Growth, Guidance Up
- Negative Sentiment: Investors focused on margin pressure from higher partner payouts and the company’s decision to leave its adjusted EBITDA outlook unchanged at $145 million–$155 million despite raising revenue guidance. Planned AI investment may also weigh on near-term profitability. Article: Digital Turbine Stock Sinks as AI Investments Turn Earnings Into ‘Deflated Balloon’
- Negative Sentiment: Digital Turbine disclosed a $3.5 million understatement of revenue-share expense and accrued liabilities in previously issued financial statements. Several law firms have announced investigations into potential securities-law violations; these are allegations under investigation, not findings of wrongdoing. Article: APPS Investor Alert—Investigation Announced
Analysts Set New Price Targets
APPS has been the subject of several recent analyst reports. Royal Bank Of Canada initiated coverage on shares of Digital Turbine in a research note on Thursday, October 1st. They issued an “outperform” rating and a $15.00 target price for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Digital Turbine in a research note on Wednesday, September 2nd. Roth Capital initiated coverage on shares of Digital Turbine in a report on Thursday, October 15th. They set a “buy” rating and a $19.00 price target for the company. Craig Hallum restated a “buy” rating and issued a $18.00 price objective on shares of Digital Turbine in a research report on Wednesday, August 5th. Finally, Northland Securities assumed coverage on shares of Digital Turbine in a research report on Thursday, October 29th. They issued an “outperform” rating and a $17.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.42.
View Our Latest Stock Report on APPS
Institutional Investors Weigh In On Digital Turbine
Large investors have recently bought and sold shares of the stock. Creek Drive Management Group LLC purchased a new stake in shares of Digital Turbine in the third quarter valued at $3,774,000. Landscape Capital Management L.L.C. purchased a new stake in Digital Turbine during the 3rd quarter worth about $149,000. Royce & Associates LP increased its position in Digital Turbine by 107.8% during the 3rd quarter. Royce & Associates LP now owns 293,058 shares of the software maker’s stock worth $3,253,000 after purchasing an additional 152,027 shares in the last quarter. Diversified Trust Co purchased a new stake in Digital Turbine during the 3rd quarter worth about $299,000. Finally, Aberdeen Group plc acquired a new position in Digital Turbine in the 3rd quarter valued at about $3,955,000. Institutional investors and hedge funds own 63.66% of the company’s stock.
Digital Turbine Price Performance
Shares of NASDAQ APPS opened at $7.76 on Thursday. The firm has a market capitalization of $945.87 million, a P/E ratio of 12.08, a PEG ratio of 0.37 and a beta of 3.01. Digital Turbine has a one year low of $2.74 and a one year high of $15.34. The company’s fifty day moving average is $10.48 and its two-hundred day moving average is $7.70. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.20 and a current ratio of 1.25.
Digital Turbine (NASDAQ:APPS – Get Free Report) last released its quarterly earnings data on Monday, November 9th. The software maker reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $178.68 million during the quarter, compared to the consensus estimate of $166.75 million. Digital Turbine had a return on equity of 41.27% and a net margin of 0.77%. Analysts forecast that Digital Turbine will post 0.63 EPS for the current fiscal year.
Digital Turbine Company Profile
Digital Turbine, Inc. provides mobile technology and advertising solutions that connect app developers and advertisers with consumers through smartphones and other connected devices. Its platform supports app discovery, user acquisition, and advertising across the mobile ecosystem. The company’s services include on-device app recommendations and installation tools, as well as advertising solutions for app publishers and brands. Digital Turbine works with mobile operators and device manufacturers to deliver these services to users.
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