Digital Turbine (NASDAQ:APPS) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Digital Turbine (NASDAQ:APPS) announced its quarterly earnings data on Monday. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.05 by $0.05, RTT News reports. The firm had revenue of $119.15 million for the quarter, compared to analyst estimates of $116.64 million. Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. During the same period in the prior year, the company earned $0.12 EPS. Digital Turbine updated its FY 2026 guidance to EPS.

Digital Turbine Price Performance

Shares of APPS stock opened at $4.81 on Tuesday. The business’s fifty day moving average is $3.94 and its 200 day moving average is $3.19. The stock has a market cap of $505.08 million, a price-to-earnings ratio of -1.59 and a beta of 2.58. Digital Turbine has a twelve month low of $1.18 and a twelve month high of $6.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.50.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new position in shares of Digital Turbine in the first quarter worth $41,000. Goldman Sachs Group Inc. grew its holdings in Digital Turbine by 74.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock valued at $2,774,000 after purchasing an additional 437,310 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Digital Turbine by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock worth $156,000 after acquiring an additional 2,449 shares during the period. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Digital Turbine from a “hold” rating to a “sell” rating in a research report on Monday, March 24th.

Digital Turbine Company Profile

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.