Digital Turbine (NASDAQ:APPS) Releases Earnings Results, Misses Expectations By $0.08 EPS

Digital Turbine (NASDAQ:APPS) announced its quarterly earnings data on Wednesday. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.08), Zacks reports. Digital Turbine had a negative net margin of 61.17% and a positive return on equity of 3.32%. Digital Turbine updated its FY 2025 guidance to EPS.

Digital Turbine Price Performance

Shares of APPS opened at $2.54 on Thursday. Digital Turbine has a 52-week low of $1.18 and a 52-week high of $5.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.24. The stock has a 50 day moving average price of $1.87 and a 200 day moving average price of $2.44.

Insiders Place Their Bets

In other news, Director Robert M. Deutschman acquired 100,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were bought at an average price of $1.41 per share, with a total value of $141,000.00. Following the completion of the acquisition, the director now owns 571,216 shares in the company, valued at $805,414.56. This trade represents a 21.22 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have purchased 127,000 shares of company stock valued at $175,610. 5.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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