Digital Turbine
APPS

$2.37

1.29%

Market Cap: 243M

About: Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Solutions and App Growth Platform.

Employees: 754

Financials Patent Owners & Lessors

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 3 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

251% more call options, than puts

Call options by funds: $7.99M | Put options by funds: $2.28M

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

5.03% less ownership

Funds ownership: 64.12% [Q4 2023] → 59.09% (-5.03%) [Q1 2024]

11% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 65

11% less funds holding

Funds holding: 212 [Q4 2023] → 189 (-23) [Q1 2024]

39% less first-time investments, than exits

New positions opened: 36 | Existing positions closed: 59

64% less capital invested

Capital invested by funds: $445M [Q4 2023] → $159M (-$286M) [Q1 2024]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$2.50

5%

upside

Avg. target

$3.33

41%

upside

High target

$4.50

90%

upside

3 analyst ratings

0 positive

0%

3 neutral

100%

0 negative

0%

Roth MKM Darren Aftahi	5%upside $2.5	Neutral Maintained	29 May 2024
Roth MKM Darren Aftahi	27%upside $3	Neutral Maintained	22 May 2024
Roth MKM Darren Aftahi	90%upside $4.5	Neutral Maintained	8 Feb 2024

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Financial journalist opinion

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Small-cap stocks attract significant attention from investors due to their more attractive valuations than large-cap peers, presenting opportunities for substantial returns. The previous year was dominated by the “Magnificent Seven,” which drove nearly all the gains in the S&P 500 and Nasdaq indices.

Small-Cap Sultans: 3 Stocks Ready to Claim Their Thrones in the Market

Digital Turbine: Call Of The Void

Digital Turbine's financial results continue to disappoint, pressuring the stock, despite a low valuation. Poor results have been attributed to soft device sales and a tech stack migration, but after several years of weakness it is difficult to continue blaming macro conditions. While SingleTap has potential, this part of the business doesn't appear to have any momentum.

Digital Turbine: Call Of The Void

Michael Akkerman Joins Digital Turbine as Chief Business Officer

An advertising and tech veteran with almost two decades of experience in technology growth, Akkerman will lead the company's global business team AUSTIN, Texas , June 10, 2024 /PRNewswire/ -- Digital Turbine , the global leader in growth solutions for the mobile ecosystem, is excited to announce the appointment of Michael Akkerman as the company's new Chief Business Officer. In this role, Michael will lead DT's global go-to-market efforts, including sales, partnerships, marketing, product, and business operations.

Michael Akkerman Joins Digital Turbine as Chief Business Officer

Digital Turbine, Inc. (APPS) Q4 2024 Earnings Call Transcript

Digital Turbine, Inc. (NASDAQ:APPS ) Q4 2024 Earnings Conference Call May 28, 2024 4:30 PM ET Company Participants Brian Bartholomew - Senior Vice President, Capital Markets and Strategy Bill Stone - Chief Executive Officer Barrett Garrison - Executive Vice President and Chief Financial Officer Conference Call Participants Omar Dessouky - Bank of America Darren Aftahi - ROTH MKM Tim Nollen - Macquarie Operator Good day and welcome to the Digital Turbine Reports Fourth Quarter and Fiscal 2024 Financial Results Call. All participants will be in listen-only mode.

Digital Turbine, Inc. (APPS) Q4 2024 Earnings Call Transcript

Zacks Investment Research

Digital Turbine (APPS) Q4 Earnings Beat Estimates

Digital Turbine (APPS) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.14 per share a year ago.

Digital Turbine (APPS) Q4 Earnings Beat Estimates

Digital Turbine Reports Fiscal 2024 Fourth Quarter and Fiscal Year 2024 Financial Results

Fourth Quarter Revenue Totaled $112.2 Million and Fiscal 2024 Revenue Totaled $544.5 Million Fourth Quarter GAAP Net Loss of $236.5 Million, or GAAP EPS of ($2.32), Inclusive of a Noncash Goodwill Impairment Charge of $189.5 Million; Fourth Quarter Non-GAAP Adjusted Net Income1 of $12.6 Million and Non-GAAP Adjusted EPS1 of $0.12 Fourth Quarter Non-GAAP Adjusted EBITDA2 Totaled $12.3 Million and Fiscal 2024 Non-GAAP Adjusted EBITDA2 Totaled $92.4 Million AUSTIN, Texas , May 28, 2024 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) announced financial results for the fiscal fourth quarter and fiscal year ended March 31, 2024. Recent Financial Highlights: Fiscal fourth quarter of 2024 revenue totaled $112.2 million, representing a year-over-year decline of 20% as compared to the fiscal fourth quarter of 2023.

Digital Turbine Reports Fiscal 2024 Fourth Quarter and Fiscal Year 2024 Financial Results

Digital Turbine to Host Fourth Quarter and Fiscal 2024 Financial Results Conference Call on May 28, 2024, at 4:30pm ET

AUSTIN, Texas , May 14, 2024 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS), a global mobile platform company, announced it will host a conference call and webcast to discuss its fourth quarter and fiscal 2024 financial results and operating progress on Tuesday, May 28 th, at 4:30pm ET/1:30pm PT. The call, hosted by Digital Turbine's Chief Executive Officer Bill Stone and Chief Financial Officer Barrett Garrison, can be accessed via webcast link: https://app.webinar.net/a58rLm9LDgx.

Digital Turbine to Host Fourth Quarter and Fiscal 2024 Financial Results Conference Call on May 28, 2024, at 4:30pm ET

Top 3 Tech Stocks That May Explode This Month - Infosys (NYSE:INFY), Digital Turbine (NASDAQ:APPS)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Top 3 Tech Stocks That May Explode This Month - Infosys (NYSE:INFY), Digital Turbine (NASDAQ:APPS)

Digital Turbine to Deliver Green Mobile Advertising Solutions Powered by Scope3

DT will create Green Media Products using Scope3 data, empowering brands and agencies to run high impact mobile campaigns with a reduced carbon footprint on DT's 100% direct supply AUSTIN, Texas , April 10, 2024 /PRNewswire/ -- Digital Turbine , Inc. (Nasdaq: APPS), the mobile ad platform that powers smarter advertising, today announced it is partnering with Scope3 , the market leader in the mission to systemically decarbonize media and advertising, to create new Digital Turbine Green Mobile Advertising Solutions powered by Scope3 data. Working with Scope3, Digital Turbine will further its commitment to efficient, green mobile advertising as part of the greater move to accelerate the reduction of CO2 emissions in line with Goal 13 of the UN Sustainable Development Goals.

Digital Turbine to Deliver Green Mobile Advertising Solutions Powered by Scope3

Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month - Dropbox (NASDAQ:DBX), Digital Turbine (NASDAQ:APPS)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month - Dropbox (NASDAQ:DBX), Digital Turbine (NASDAQ:APPS)

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