Digital Turbine, Inc. (NASDAQ: APPS – Get a rating) – Oppenheimer equity researchers released their fiscal year 2027 earnings estimates for Digital Turbine shares in a note to investors on Wednesday, June 1. Oppenheimer analyst T. Horan expects the software maker to post earnings per share of $5.20 for the year. Oppenheimer has an “outperform” rating and a price target of $40.00 on the stock.
APPS has been the subject of several other research reports. Craig Hallum lowered his target price on Digital Turbine from $105.00 to $85.00 in a report released Wednesday. Macquarie lowered its price target on Digital Turbine from $70.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday. To finish, StockNews.com assumed coverage on Digital Turbine in a Thursday, March 31 research note. They issued a “sell” rating on the stock. One equity research analyst assigned the stock a sell rating, one assigned a hold rating and four assigned the company’s stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $80.67.
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APPS opened at $21.64 on Friday. Digital Turbine has a 52-week low of $19.21 and a 52-week high of $93.98. The company has a market capitalization of $2.10 billion, a PE ratio of 63.65, a PEG ratio of 0.21 and a beta of 2.37. The company has a debt ratio of 1.01, a quick ratio of 0.70 and a current ratio of 1.07. The company’s 50-day simple moving average is $32.71 and its 200-day simple moving average is $43.64. Digital Turbine (NASDAQ:APPS – Get a rating) last reported results on Tuesday, May 31. The software maker reported earnings per share (EPS) of $0.39 for the quarter, reaching the consensus estimate of $0.39. Digital Turbine had a return on equity of 30.00% and a net margin of 3.28%. The company posted revenue of $184.14 million for the quarter, versus analyst estimates of $336.45 million. In the same quarter a year earlier, the company posted earnings per share of $0.24. Digital Turbine revenue increased 93.7% year over year.
A number of large investors have recently changed their stock holdings. First National Bank of Hutchinson increased its position in Digital Turbine by 3.3% during the fourth quarter. First National Bank of Hutchinson now owns 8,724 shares of the software maker worth $532,000 after buying 280 more shares last quarter. American Century Companies Inc. increased its stake in Digital Turbine by 1.5% during the fourth quarter. American Century Companies Inc. now owns 19,375 shares of the software maker worth $1,182,000 after buying 292 more shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Digital Turbine by 1.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the software maker worth $1,378,000 after buying 300 more shares last quarter. MBM Wealth Consultants LLC increased its stake in Digital Turbine by 8.8% during the fourth quarter. MBM Wealth Consultants LLC now owns 3,978 shares of the software maker worth $243,000 after buying 323 additional shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Digital Turbine by 2.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,175 shares of the software maker worth $533,000 after buying 337 additional shares in the last quarter. 63.38% of the shares are currently held by institutional investors and hedge funds.
In related news, Director Michelle M. Sterling purchased 1,000 shares of Digital Turbine in a trade that took place on Monday, March 7. The shares were acquired at an average price of $36.79 per share, with a total value of $36,790.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Additionally, director Robert M. Deutschman purchased 15,000 shares of Digital Turbine in a transaction that took place on Monday, March 14. The shares were purchased at an average cost of $31.66 per share, for a total transaction of $474,900.00. Disclosure of this purchase can be found here. 5.60% of the shares are currently held by company insiders.
About the digital turbine (Get a rating)
Digital Turbine, Inc, through its subsidiaries, provides multimedia and mobile communication products and solutions to mobile operators, application advertisers, publishers, original equipment manufacturers (OEMs) and other third parties. Its application media software platform that enables mobile operators and OEMs to control, manage and monetize devices.
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