Digital Turbine (NASDAQ:APPS – Get Rating) issued an update on its third quarter 2023 earnings guidance on Friday morning. The company provided earnings per share guidance of $0.36-$0.39 for the period, compared to the consensus earnings per share estimate of $0.38. The company issued revenue guidance of $180.00 million-$190.00 million, compared to the consensus revenue estimate of $203.37 million.
Digital Turbine Trading Up 4.6 %
APPS opened at $16.37 on Friday. The stock has a market capitalization of $1.62 billion, a PE ratio of 31.48, a P/E/G ratio of 0.98 and a beta of 2.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.17 and a current ratio of 1.17. Digital Turbine has a one year low of $10.65 and a one year high of $70.52. The business’s 50 day moving average price is $15.44 and its 200 day moving average price is $17.90.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Roth Capital cut their target price on Digital Turbine from $32.00 to $20.00 in a research report on Monday, October 31st. Oppenheimer cut their target price on Digital Turbine from $32.00 to $19.00 and set an outperform rating on the stock in a research report on Tuesday, October 4th. Craig Hallum cut their target price on Digital Turbine from $60.00 to $30.00 in a research report on Thursday, November 10th. StockNews.com raised Digital Turbine from a sell rating to a hold rating in a research report on Tuesday, November 22nd. Finally, B. Riley cut their target price on Digital Turbine from $33.00 to $28.00 and set a buy rating on the stock in a research report on Wednesday, October 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $26.83.
Institutional Trading of Digital Turbine
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 three segments: On Device Media, In App Media – AdColony, and In App Media – Fyber. 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 sponsored and editorial content media.
- Get a free copy of the StockNews.com research report on Digital Turbine (APPS)
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