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

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

Digital Turbine Price Performance

NASDAQ APPS traded up $0.06 during mid-day trading on Wednesday, hitting $2.54. The stock had a trading volume of 6,992,518 shares, compared to its average volume of 3,089,527. The company has a 50 day simple moving average of $1.85 and a 200 day simple moving average of $2.44. The company has a market cap of $263.47 million, a price-to-earnings ratio of -0.86 and a beta of 2.38. 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.

Insiders Place Their Bets

In other Digital Turbine news, Director Robert M. Deutschman purchased 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were acquired 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 directly owns 571,216 shares of the company’s stock, valued at $805,414.56. This trade represents a 21.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have bought 127,000 shares of company stock worth $175,610. 5.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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