Digital Turbine (NASDAQ:APPS) Posts Quarterly 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 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

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

Insider Activity at Digital Turbine

In other news, Director Robert M. Deutschman bought 100,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $1.41 per share, with a total value of $141,000.00. Following the transaction, the director now directly owns 571,216 shares in the company, valued at $805,414.56. The trade was a 21.22 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders purchased 127,000 shares of company stock worth $175,610. Insiders own 5.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APPS. Macquarie dropped their price objective on shares of Digital Turbine from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Craig Hallum reduced their price target on shares of Digital Turbine from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Bank of America cut Digital Turbine from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $3.50 to $1.00 in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $2.38.

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.