Brokers Issue Forecasts for Digital Turbine Q2 Earnings

Digital Turbine, Inc. (NASDAQ:APPS) – Equities researchers at Northland Securities issued their Q2 2027 earnings per share estimates for Digital Turbine in a note issued to investors on Thursday, October 29th. Northland Securities analyst L. Horton expects that the software maker will earn $0.13 per share for the quarter. Northland Securities has an “Outperform” rating and a $17.00 price objective 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.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of $165.98 million during the quarter, compared to analysts’ expectations of $149.98 million.

A number of other equities research analysts have also recently weighed in on the company. Roth Capital initiated coverage on Digital Turbine in a research note on Thursday, October 15th. They issued a “buy” rating and a $19.00 price target on the stock. TD Cowen reaffirmed a “hold” rating on shares of Digital Turbine in a research report on Tuesday, September 29th. Royal Bank Of Canada assumed coverage on shares of Digital Turbine in a report on Thursday, October 1st. They issued an “outperform” rating and a $15.00 price objective on the stock. Zacks Research downgraded shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Craig Hallum reissued a “buy” rating and issued a $18.00 price objective on shares of Digital Turbine in a research report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.42.

Digital Turbine Stock Performance

Shares of NASDAQ APPS opened at $8.46 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $1.02 billion, a P/E ratio of 17.70, a P/E/G ratio of 0.47 and a beta of 3.02. Digital Turbine has a 12 month low of $2.74 and a 12 month high of $15.34. The stock has a 50 day moving average of $10.69 and a 200-day moving average of $7.56.

Institutional Trading of Digital Turbine

Hedge funds have recently added to or reduced their stakes in the company. Granahan Investment Management LLC grew its holdings in Digital Turbine by 12.0% in the 1st quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock valued at $20,484,000 after buying an additional 762,888 shares in the last quarter. AIGH Capital Management LLC bought a new position in Digital Turbine during the 1st quarter worth $14,100,000. Bank of America Corp DE increased its position in Digital Turbine by 17.4% during the 1st quarter. Bank of America Corp DE now owns 3,619,171 shares of the software maker’s stock worth $10,423,000 after buying an additional 535,169 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Digital Turbine by 56.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker’s stock worth $6,778,000 after buying an additional 846,116 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Digital Turbine during the second quarter worth $5,374,000. 63.66% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting 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.

Digital Turbine Company Profile

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.