Digital Turbine (NASDAQ:APPS) Announces Earnings Results

Digital Turbine (NASDAQ:APPS) released its earnings results on Tuesday. The software maker reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.07, FiscalAI reports. Digital Turbine had a positive return on equity of 21.26% and a negative net margin of 8.93%.The company had revenue of $142.55 million during the quarter, compared to the consensus estimate of $133.23 million.

Digital Turbine Price Performance

Shares of NASDAQ:APPS traded up $0.26 during midday trading on Tuesday, hitting $4.81. 7,519,831 shares of the stock were exchanged, compared to its average volume of 2,707,809. The stock has a market cap of $576.72 million, a P/E ratio of -10.02, a PEG ratio of 0.18 and a beta of 2.40. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.80. Digital Turbine has a twelve month low of $2.74 and a twelve month high of $8.28. The company has a 50 day moving average price of $3.53 and a 200-day moving average price of $4.38.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in APPS. Quarry LP raised its stake in shares of Digital Turbine by 1,323.4% during the 4th quarter. Quarry LP now owns 5,594 shares of the software maker’s stock worth $28,000 after buying an additional 5,201 shares during the last quarter. Strs Ohio acquired a new position in shares of Digital Turbine during the 1st quarter worth $41,000. Smartleaf Asset Management LLC acquired a new position in shares of Digital Turbine during the 2nd quarter worth $57,000. Legal & General Group Plc raised its stake in shares of Digital Turbine by 31.6% during the 2nd quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock worth $63,000 after buying an additional 2,550 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of Digital Turbine during the 4th quarter worth $66,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

Analyst Upgrades and Downgrades

APPS has been the subject of a number of recent analyst reports. Zacks Research downgraded Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Digital Turbine in a report on Friday, March 27th. Finally, Wall Street Zen raised Digital Turbine from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Digital Turbine has an average rating of “Hold” and an average price target of $7.75.

Digital Turbine Company Profile

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.