Digital Turbine (APPS) Projected to Post Earnings on Wednesday

Digital Turbine (NASDAQ:APPS) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Digital Turbine to post earnings of $0.13 per share and revenue of $123.68 million for the quarter. Digital Turbine has set its FY 2025 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Digital Turbine (NASDAQ:APPS) last issued 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). The company had revenue of $118.70 million for the quarter, compared to analysts’ expectations of $125.85 million. Digital Turbine had a positive return on equity of 3.32% and a negative net margin of 61.17%. The firm’s quarterly revenue was down 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 EPS. On average, analysts expect Digital Turbine to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Digital Turbine Trading Down 3.1 %

APPS opened at $2.54 on Tuesday. The firm has a market cap of $263.47 million, a price-to-earnings ratio of -0.86 and a beta of 2.38. The business’s 50 day moving average is $1.83 and its two-hundred day moving average is $2.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.24. Digital Turbine has a 52 week low of $1.18 and a 52 week high of $5.34.

Insider Buying and Selling at Digital Turbine

In other news, Director Robert M. Deutschman acquired 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were bought at an average price of $1.41 per share, for a total transaction of $141,000.00. Following the completion of the purchase, the director now directly owns 571,216 shares of the company’s stock, valued at approximately $805,414.56. This trade represents a 21.22 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 127,000 shares of company stock valued at $175,610 over the last ninety days. Corporate insiders own 5.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on APPS shares. Bank of America downgraded Digital Turbine from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $3.50 to $1.00 in a report on Friday, November 15th. Macquarie reduced their price target on shares of Digital Turbine from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Craig Hallum cut their price objective on Digital Turbine from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.38.

About Digital Turbine

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.