Digital Turbine Inc. (APPS) Review – Making Smarter Decisions

Digital Turbine Inc. (NASDAQ: APPS) is 6.03% higher on its value in year-to-date trading and has touched a low of $3.48 and a high of $61.24 in the current 52-week trading range. The APPS stock was last observed hovering at around $59.97 in the last trading session, with the day’s loss setting it -3.7% off its average median price target of $46.00 for the next 12 months. It is also 6.22% off the consensus price target high of $60.00 offered by 6 analysts, but current levels are -78.63% lower than the price target low of $31.50 for the same period.

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Currently trading at $56.27, the stock is 2.78% and 22.27% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing -6.16% at the moment leaves the stock 128.64% off its SMA200. APPS registered 711.50% gain for a year compared to 6-month gain of 371.46%. The firm has a 50-day simple moving average (SMA 50) of $50.34 and a 200-day simple moving average (SMA200) of $32.43.

The stock witnessed a 27.79% loss in the last 1 month and extending the period to 3 months gives it a 45.56%, and is 16.29% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.72% over the week and 7.25% over the month.

Digital Turbine Inc. (APPS) has around 207 employees, a market worth around $5.26B and $205.30M in sales. Current P/E ratio is 197.27 and Fwd P/E is 70.72. Profit margin for the company is 13.40%. Distance from 52-week low is 1517.08% and -8.11% from its 52-week high. The company has generated returns on investments over the last 12 months (24.30%).

Digital Turbine Inc. (APPS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Digital Turbine Inc. (APPS) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.00, where 2 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Digital Turbine Inc. is expected to release its quarterly report on 06/16/2021 and quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $76.08M over the same period.The EPS is expected to grow by 387.00% this year, but quarterly earnings will post 101.20% year-over-year.

Digital Turbine Inc. (APPS) Top Institutional Holders

275 institutions hold shares in Digital Turbine Inc. (APPS), with 3.36M shares held by insiders accounting for 3.79% while institutional investors hold 69.96% of the company’s shares. The shares outstanding are 88.04M, and float is at 85.36M with Short Float at 4.73%. Institutions hold 67.30% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 10.44 million shares valued at $341.73 million. The investor’s holdings represent 11.77% of the APPS Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 5.64 million shares valued at $184.72 million to account for 6.36% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 4.41 million shares representing 4.97% and valued at over $144.36 million, while Shaw D.E. & Co., Inc. holds 3.28% of the shares totaling 2.91 million with a market value of $95.12 million.

Digital Turbine Inc. (APPS) Insider Activity

A total of 13 insider transactions have happened at Digital Turbine Inc. (APPS) in the last six months, with sales accounting for 6 and purchases happening 7 times. The most recent transaction is an insider sale by Rogers Christopher Thomas, the company’s Director. SEC filings show that Rogers Christopher Thomas sold 30,000 shares of the company’s common stock on Jan 04 at a price of $53.01 per share for a total of $1.59 million. Following the sale, the insider now owns 0.3 million shares.

Digital Turbine Inc. disclosed in a document filed with the SEC on Nov 05 that DEUTSCHMAN ROBERT M (Director) sold a total of 200,000 shares of the company’s common stock. The trade occurred on Nov 05 and was made at $40.64 per share for $8.13 million. Following the transaction, the insider now directly holds 0.39 million shares of the APPS stock.

Still, SEC filings show that on Nov 04, Karish Jeff (Director) disposed off 11,847 shares at an average price of $36.57 for $0.43 million. The insider now directly holds 308,600 shares of Digital Turbine Inc. (APPS).

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Digital Turbine Inc. (APPS): Who are the competitors?

The company’s main competitors (and peers) include CSG Systems International Inc. (CSGS) that is trading -14.53% down over the past 12 months. MIND C.T.I. Ltd (MNDO) is 2.36% up on the 1-year trading charts. Short interest in the company’s stock has fallen -21.17% from the last report on Nov 29, 2020 to stand at a total of 3.95 million short shares sold with a short interest ratio of 0.86.

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