Digital Turbine (APPS) to report results on Wednesday

Digital Turbine (NASDAQ:APPS – Get Rating) will report quarterly results after the market close on Wednesday, February 8. Analysts expect Digital Turbine to post earnings of $0.31 per share in the quarter. Digital Turbine has set Q3 2023 guidance at EPS of $0.36 to $0.39 and Q3 guidance at EPS of $0.36 to $0.39. Interested parties in the company’s conference call can do so using this link.

→ Cash holders have not yet taken steps to prepare (From Investor Place Media)

Digital Turbine (NASDAQ:APPS – Get Rating) announced final results on Wednesday, November 9th. The software maker reported that his earnings per share for the quarter were $0.28, beating analyst consensus expectations of $0.26 for him by $0.02. The business earned $174.86 million in the quarter, compared with analyst estimates of $173.67 million. Digital Turbine’s return on equity was 26.56% and net profit margin was 5.82%. On average, analysts expect Digital Turbine to report EPS of $1 in the current fiscal year and $1 in the next fiscal year.

Digital Turbine Trading Up 3.3%

NASDAQ APPS shares opened Wednesday at $17.36. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt to equity ratio of 0.76. The business has a 50-day simple moving average of $16.11 and a 200-day simple moving average of $17.08. The company has a market cap of $1.72 billion, a PE ratio of 33.39, a P/E ratio of 1.12 and a beta of 2.38. Digital Turbine has a 12-month low of $10.65 and a 12-month high of $55.68.

institution inflow and outflow

Institutional investors and hedge funds have recently increased or decreased their stakes in businesses. Quantbot Technologies LP bought a new position in Digital Turbine in the first quarter for $58,000. The Canada Pension Plan Investment Board acquired new shares in Digital Turbine worth approximately $73,000 in the first quarter. Mercer Global Advisors Inc. ADV acquired new shares in Digital Turbine worth approximately $174,000 in the third quarter. Envestnet Asset Management Inc. increased its position in Digital Turbine by 20.1% in the third quarter. Envestnet Asset Management Inc. now owns 14,208 shares of software maker stock valued at $205,000 after acquiring an additional 2,381 shares during this period. Finally, Vontobel Holding Ltd. acquired a new stake in Digital Turbine worth approximately $272,000 in the first quarter. 62.45% of the shares are currently owned by hedge funds and other institutional investors.

Wall Street Analyst Predicts Growth

APPS has been the subject of many research analyst reports. Craig Hallum lowered his target price for digital turbines from his $60.00 to his $30.00 in a research report on Thursday, November 10th. Roth Capital lowered its target price for Digital Turbine to $20.00 from his $32.00 in a report on Monday, Oct. 31. Oppenheimer lowered his price target for Digital Turbine to $19.00 from his $32.00, setting an “outperform” rating in a report on Tuesday, Oct. 4. B. Riley lowered his price target on Digital Turbine from $33.00 to $28.00, setting a ‘Buy’ rating in the report on Wednesday, Oct. 5. Finally, Bank of America kicked off coverage of Digital Turbine in his Monday, Oct. 17 report. They issued a ‘buy’ rating and a price target of $24.00. One equity research analyst assigned a Hold rating to the stock and four assigned a Buy rating to the stock. According to MarketBeat.com data, Digital Turbine’s current consensus rating is “moderate buy” with a consensus target price of $26.83.

Digital Turbine Company Profile

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Digital Turbine, Inc. is a leading media and mobile communications company that helps provide end-to-end platform solutions to mobile operators, application developers, device original equipment manufacturers (OEMs), and other third parties. Committed to innovation. It operates through On Device Media (ODM), In App Media-AdColony (IAM-A), and In App Media-Fyber (IAM-F) segments.

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