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

Digital Turbine (NASDAQ:APPS) issued its earnings results on Wednesday. The software maker reported $0.05 earnings per share 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 Trading Up 96.5 %

Shares of NASDAQ:APPS opened at $4.99 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.09 and a quick ratio of 1.09. The business’s 50 day simple moving average is $1.87 and its 200-day simple moving average is $2.44. Digital Turbine has a 12 month low of $1.18 and a 12 month high of $5.34.

Analyst Ratings Changes

A number of equities research analysts have weighed in on APPS shares. Craig Hallum lowered their price objective 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 dropped their price objective on Digital Turbine from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Digital Turbine has a consensus rating of “Hold” and a consensus target price of $2.38.

Insider Activity at Digital Turbine

In other news, Director Robert M. Deutschman bought 100,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $1.41 per share, for a total transaction of $141,000.00. Following the completion of the transaction, the director now owns 571,216 shares in the company, valued at $805,414.56. This trade represents a 21.22 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 127,000 shares of company stock valued at $175,610 in the last ninety days. Corporate insiders own 5.80% of the company’s stock.

Digital Turbine Company Profile

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.