The consensus among analysts is that Digital Turbine Inc. (APPS) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 6 have rated it as a Hold, with 5 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.19.
Digital Turbine Inc. (NASDAQ:APPS) trade information
Sporting 4.21% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, Apr 30 when the APPS stock price touched $77.51- or saw a rise of 2.68%. Year-to-date, Digital Turbine Inc. shares have moved 33.36%, while the 5-day performance has seen it change 1.79%. Over the past 30 days, the shares of Digital Turbine Inc. (NASDAQ:APPS) have changed 1.23%. Short interest in the company has seen 2.76 Million shares shorted with days to cover at 0.67.
Wall Street analysts have a consensus price target for the stock at $99.2, which means that the shares’ value could jump 31.51% from current levels. The projected low price target is $65 while the price target rests at a high of $115. In that case, then, we find that the current price level is +52.46% off the targeted high while a plunge would see the stock lose -13.83% from current levels.
Digital Turbine Inc. (APPS) estimates and forecasts
Figures show that Digital Turbine Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +151.18% over the past 6 months, with this year growth rate of 255%, compared to -0.9% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 280% and 61.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be +119.3%.
5 analysts offering their estimates for the company have set an average revenue estimate of $85.71 Million for the current quarter. 4 have an estimated revenue figure of $86.05 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $39.35 Million and $48.58 Million respectively for this quarter and the next, and analysts expect sales will grow by 117.8% for the current quarter and 77.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +17.6% over the past 5 years. Earnings growth for 2021 is a modest +387% while over the next 5 years, the company’s earnings are expected to increase by 50%.
Digital Turbine Inc. (NASDAQ:APPS)’s Major holders
Insiders own 3.73% of the company shares, while shares held by institutions stand at 65.34% with a share float percentage of 67.87%. Investors are also buoyed by the number of investors in a company, with Digital Turbine Inc. having a total of 373 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 9.62 Million shares worth more than $543.9 Million. As of December 30, 2020, FMR, LLC held 10.75% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 6.26 Million shares as of December 30, 2020. The firm’s total holdings are worth over $353.9 Million and represent 7% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Advisor Growth Opportunities Fund and Vanguard Total Stock Market Index Fund. As of February 27, 2021, the former fund manager holds about 2.98% shares in the company for having 2664500 shares of worth $220.01 Million while later fund manager owns 2.28 Million shares of worth $128.71 Million as of December 30, 2020, which makes it owner of about 2.54% of company’s outstanding stock.