Northland Securities Weighs in on Digital Turbine Q2 Earnings

Digital Turbine, Inc. (NASDAQ:APPS) – Northland Securities issued their Q2 2027 earnings per share estimates for Digital Turbine in a report issued on Thursday, October 29th. Northland Securities analyst L. Horton expects that the software maker will post earnings of $0.13 per share for the quarter. Northland Securities currently has an “Outperform” rating and a $17.00 target price on the stock. The consensus estimate for Digital Turbine’s current full-year earnings is $0.68 per share. Northland Securities also issued estimates for Digital Turbine’s Q3 2027 earnings at $0.14 EPS, Q4 2027 earnings at $0.07 EPS, FY2027 earnings at $0.53 EPS, Q1 2028 earnings at $0.16 EPS, Q2 2028 earnings at $0.18 EPS, Q3 2028 earnings at $0.19 EPS, Q4 2028 earnings at $0.16 EPS and FY2028 earnings at $0.72 EPS.

A number of other research firms also recently weighed in on APPS. Wall Street Zen downgraded Digital Turbine from a “strong-buy” rating to a “buy” rating in a research report on Saturday. TD Cowen reiterated a “hold” rating on shares of Digital Turbine in a report on Tuesday, September 29th. Zacks Research lowered shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Digital Turbine in a report on Wednesday, September 2nd. Finally, Benchmark raised their target price on shares of Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Digital Turbine has an average rating of “Moderate Buy” and an average target price of $15.42.

Digital Turbine Stock Down 4.6%

Shares of Digital Turbine stock opened at $8.46 on Tuesday. The business’s 50 day simple moving average is $10.69 and its 200 day simple moving average is $7.56. Digital Turbine has a 52-week low of $2.74 and a 52-week high of $15.34. The firm has a market cap of $1.02 billion, a PE ratio of 17.70, a P/E/G ratio of 0.47 and a beta of 3.02. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.20 and a current ratio of 1.20.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%. The business had revenue of $165.98 million during the quarter, compared to the consensus estimate of $149.98 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. bought a new stake in Digital Turbine during the third quarter worth $25,000. Integrated Wealth Concepts LLC acquired a new stake in Digital Turbine in the second quarter valued at $56,000. Allworth Financial LP lifted its stake in Digital Turbine by 42.4% in the second quarter. Allworth Financial LP now owns 5,698 shares of the software maker’s stock valued at $74,000 after acquiring an additional 1,696 shares during the last quarter. Essential Partners LLC grew its position in shares of Digital Turbine by 167.3% in the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock valued at $26,000 after acquiring an additional 5,652 shares during the period. Finally, State of Alaska Department of Revenue grew its position in shares of Digital Turbine by 86.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 9,223 shares of the software maker’s stock valued at $102,000 after acquiring an additional 4,288 shares during the period. 63.66% of the stock is currently owned by institutional investors.

Trending Headlines about Digital Turbine

Here are the key news stories impacting Digital Turbine this week:

• Positive Sentiment: Northland Securities maintained an “Outperform” rating and a $17 price target for Digital Turbine. The target implies substantial upside from recent trading levels and indicates that the analyst views the selloff as an opportunity rather than a deterioration in the investment thesis.
• Positive Sentiment: Northland projected earnings of $0.53 per share for FY2027 and $0.72 per share for FY2028. Its quarterly estimates rise from $0.13 in Q2 FY2027 to $0.19 in Q3 FY2028, signaling expectations for improving profitability over time.
• Positive Sentiment: Digital Turbine’s most recently reported quarter exceeded expectations, with earnings of $0.19 per share versus the $0.14 consensus estimate and revenue of $165.98 million versus expectations of $149.98 million. This provides some support for the optimistic earnings projections.
• Neutral Sentiment: A Yahoo Finance analysis said Digital Turbine may be undervalued after a recent 16% decline, focusing on whether the company’s valuation appropriately reflects the sales it generates. Digital Turbine (APPS) Stock May Be Undervalued After A 16% Drop
• Negative Sentiment: The stock’s longer-term performance remains a concern: shares have fallen 88.4% over the past five years. That history may keep investors cautious despite the bullish analyst target and projected earnings growth.
• Negative Sentiment: Northland’s FY2027 earnings forecast of $0.53 per share is below the current-year consensus estimate of $0.68, suggesting that near-term earnings could soften before the projected recovery in FY2028.

About Digital Turbine

Digital Turbine, Inc (NASDAQ: APPS) is a mobile advertising and application distribution company that helps advertisers, mobile carriers, device manufacturers and application developers connect with smartphone users. Its platform is designed to support the discovery, distribution, promotion and monetization of mobile applications and digital content.

The company provides technology that can be integrated into mobile devices and operating systems, including tools for app recommendations, device setup and application installation.