Market cap of Digital Turbine Inc. [APPS] reaches 5.94B – now what?


Digital Turbine Inc. [NASDAQ: APPS] loss -1.73% on the last trading session, reaching $62.34 price per share at the time. The company report on December 28, 2021 that Digital Turbine Announces Strategic Partnership with Google.

Digital Turbine will partner with Google to drive its product and growth strategy for the Android ecosystem.

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Digital Turbine, Inc. (Nasdaq: APPS), a leading independent mobile growth & monetization platform, today announced a multi-year strategic partnership with Google that accelerates Digital Turbine’s product and growth strategy to support the Android ecosystem by enabling nearly a billion devices with intelligent app discovery. Digital Turbine will work with Google Cloud premier partner SADA to implement Google’s enterprise and cloud solutions to rapidly enhance and expand globally while broadening growth and monetization solutions for its partners.

Digital Turbine Inc. represents 96.16 million in outstanding shares, while the company has a total market value of $5.94 billion with the latest information. APPS stock price has been found in the range of $60.861 to $70.52.

If compared to the average trading volume of 3.15M shares, APPS reached a trading volume of 16352290 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Digital Turbine Inc. [APPS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APPS shares is $108.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APPS stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Macquarie have made an estimate for Digital Turbine Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 07, 2021. While these analysts kept the previous recommendation, Canaccord Genuity raised their target price from $80 to $95. The new note on the price target was released on August 31, 2021, representing the official price target for Digital Turbine Inc. stock. Previously, the target price had yet another raise to $60, while Macquarie analysts kept a Neutral rating on APPS stock. On February 26, 2021, analysts increased their price target for APPS shares from 80 to 90.

The Average True Range (ATR) for Digital Turbine Inc. is set at 4.37, with the Price to Sales ratio for APPS stock in the period of the last 12 months amounting to 8.41. The Price to Book ratio for the last quarter was 12.32, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for APPS in the course of the last twelve months was 232.96 with Quick ratio for the last quarter at 0.50.

Trading performance analysis for APPS stock

Digital Turbine Inc. [APPS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.44. With this latest performance, APPS shares gained by 13.61% in over the last four-week period, additionally sinking by -19.83% over the last 6 months – not to mention a rise of 12.04% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APPS stock in for the last two-week period is set at 56.39, with the RSI for the last a single of trading hit 63.93, and the three-weeks RSI is set at 52.06 for Digital Turbine Inc. [APPS]. The present Moving Average for the last 50 days of trading for this stock 66.19, while it was recorded at 61.79 for the last single week of trading, and 67.89 for the last 200 days.

Digital Turbine Inc. [APPS]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Digital Turbine Inc. [APPS] shares currently have an operating margin of +18.88 and a Gross Margin at +40.76. Digital Turbine Inc.’s Net Margin is presently recorded at +17.50.

Return on Total Capital for APPS is now 45.60, given the latest momentum, and Return on Invested Capital for the company is 45.53. Return on Equity for this stock inclined to 49.32, with Return on Assets sitting at 24.70. When it comes to the capital structure of this company, Digital Turbine Inc. [APPS] has a Total Debt to Total Equity ratio set at 11.06. Additionally, APPS Total Debt to Total Capital is recorded at 9.96, with Total Debt to Total Assets ending up at 6.16.

Reflecting on the efficiency of the workforce at the company, Digital Turbine Inc. [APPS] managed to generate an average of $196,014 per employee. Receivables Turnover for the company is 6.59 with a Total Asset Turnover recorded at a value of 1.41.Digital Turbine Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.

Digital Turbine Inc. [APPS]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APPS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Digital Turbine Inc. go to 50.00%.

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An analysis of insider ownership at Digital Turbine Inc. [APPS]

There are presently around $3,855 million, or 75.10% of APPS stock, in the hands of institutional investors. The top three institutional holders of APPS stocks are: BLACKROCK INC. with ownership of 9,707,911, which is approximately 72.34% of the company’s market cap and around 2.40% of the total institutional ownership; VANGUARD GROUP INC, holding 8,857,470 shares of the stock with an approximate value of $561.92 million in APPS stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $401.52 million in APPS stock with ownership of nearly 240.552% of the company’s market capitalization.

Positions in Digital Turbine Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 215 institutional holders increased their position in Digital Turbine Inc. [NASDAQ:APPS] by around 19,559,726 shares. Additionally, 141 investors decreased positions by around 10,033,358 shares, while 39 investors held positions by with 31,177,289 shares. The mentioned changes placed institutional holdings at 60,770,373 shares, according to the latest SEC report filing. APPS stock had 80 new institutional investments in for a total of 3,289,914 shares, while 75 institutional investors sold positions of 5,453,700 shares during the same period.