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Digital Turbine put volume heavy and directionally bearish » 11:35
08/11/22
08/11
11:35
08/11/22
11:35
APPS

Digital Turbine

$23.20 /

-0.13 (-0.56%)

Bearish flow noted in…

Bearish flow noted in Digital Turbine with 6,456 puts trading, or 1.3x expected. Most active are 8/12 weekly 23.5 puts and Aug-22 23 puts, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 1.56, while ATM IV is up over 1 point on the day. Earnings are expected on November 1st.

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APPS Digital Turbine
$23.20 /

-0.13 (-0.56%)

APPS Digital Turbine
$23.20 /

-0.13 (-0.56%)

08/09/22 Craig-Hallum
Digital Turbine price target lowered to $60 from $85 at Craig-Hallum
08/09/22 B. Riley
Digital Turbine price target raised to $33 from $29 at B. Riley
06/29/22 B. Riley
B. Riley starts 'mispriced' Digital Turbine with Buy, $29 price target
06/28/22 B. Riley
Digital Turbine initiated with a Buy at B. Riley
APPS Digital Turbine
$23.20 /

-0.13 (-0.56%)

APPS Digital Turbine
$23.20 /

-0.13 (-0.56%)

APPS Digital Turbine
$23.20 /

-0.13 (-0.56%)

Recommendations
Digital Turbine price target lowered to $60 from $85 at Craig-Hallum » 08:50
08/09/22
08/09
08:50
08/09/22
08:50
APPS

Digital Turbine

$23.69 /

+0.83 (+3.63%)

Craig-Hallum analyst…

Craig-Hallum analyst Anthony Stoss lowered the firm's price target on Digital Turbine to $60 from $85 and keeps a Buy rating on the shares. The analyst continues to believe the SingleTap software from Digital Turbine is game changing for the in-app advertising market and the stock could be a multi-bagger again. Stoss notes, however, that while June quarter was in-line, September revenue guide below as economic headwinds weigh on ad spend. He thinks given the current stock price, the company continues to guide very conservatively for the September quarter to keep the bar low.

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APPS Digital Turbine
$23.69 /

+0.83 (+3.63%)

APPS Digital Turbine
$23.69 /

+0.83 (+3.63%)

08/09/22 B. Riley
Digital Turbine price target raised to $33 from $29 at B. Riley
06/29/22 B. Riley
B. Riley starts 'mispriced' Digital Turbine with Buy, $29 price target
06/28/22 B. Riley
Digital Turbine initiated with a Buy at B. Riley
06/01/22 Craig-Hallum
Digital Turbine price target lowered to $85 from $105 at Craig-Hallum
APPS Digital Turbine
$23.69 /

+0.83 (+3.63%)

APPS Digital Turbine
$23.69 /

+0.83 (+3.63%)

APPS Digital Turbine
$23.69 /

+0.83 (+3.63%)

Recommendations
Digital Turbine price target raised to $33 from $29 at B. Riley » 08:20
08/09/22
08/09
08:20
08/09/22
08:20
APPS

Digital Turbine

$23.69 /

+0.83 (+3.63%)

B. Riley analyst Daniel…

B. Riley analyst Daniel Day raised the firm's price target on Digital Turbine to $33 from $29 and keeps a Buy rating on the shares. The analyst moderately lowered estimates on the softer than expected outlook for 2Q23, but encourages investors to "focus on two key revenue catalysts ahead." He expects significant revenue from SingleTap licensing deals beginning in 2023 as well as content media revenue with Verizon and AT&T to begin ramping in 2023 and beyond.

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APPS Digital Turbine
$23.69 /

+0.83 (+3.63%)

APPS Digital Turbine
$23.69 /

+0.83 (+3.63%)

06/29/22 B. Riley
B. Riley starts 'mispriced' Digital Turbine with Buy, $29 price target
06/28/22 B. Riley
Digital Turbine initiated with a Buy at B. Riley
06/01/22 Craig-Hallum
Digital Turbine price target lowered to $85 from $105 at Craig-Hallum
06/01/22 Oppenheimer
Digital Turbine price target lowered to $40 from $117 at Oppenheimer
APPS Digital Turbine
$23.69 /

+0.83 (+3.63%)

APPS Digital Turbine
$23.69 /

+0.83 (+3.63%)

APPS Digital Turbine
$23.69 /

+0.83 (+3.63%)

Earnings
Digital Turbine sees Q2 adjusted EPS 32-34c, consensus 37c » 16:09
08/08/22
08/08
16:09
08/08/22
16:09
APPS

Digital Turbine

$23.56 /

+0.695 (+3.04%)

Sees Q2 revenue…

Sees Q2 revenue $170M-$180M, consensus $195.19M.

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APPS Digital Turbine
$23.56 /

+0.695 (+3.04%)

APPS Digital Turbine
$23.56 /

+0.695 (+3.04%)

06/29/22 B. Riley
B. Riley starts 'mispriced' Digital Turbine with Buy, $29 price target
06/28/22 B. Riley
Digital Turbine initiated with a Buy at B. Riley
06/01/22 Craig-Hallum
Digital Turbine price target lowered to $85 from $105 at Craig-Hallum
06/01/22 Oppenheimer
Digital Turbine price target lowered to $40 from $117 at Oppenheimer
APPS Digital Turbine
$23.56 /

+0.695 (+3.04%)

APPS Digital Turbine
$23.56 /

+0.695 (+3.04%)

APPS Digital Turbine
$23.56 /

+0.695 (+3.04%)

Earnings
Digital Turbine reports Q1 adjusted EPS 38c, consensus 35c » 16:08
08/08/22
08/08
16:08
08/08/22
16:08
APPS

Digital Turbine

$23.54 /

+0.68 (+2.97%)

Reports Q1 revenue…

Reports Q1 revenue $188.6M, consensus $184.84M.

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APPS Digital Turbine
$23.54 /

+0.68 (+2.97%)

APPS Digital Turbine
$23.54 /

+0.68 (+2.97%)

06/29/22 B. Riley
B. Riley starts 'mispriced' Digital Turbine with Buy, $29 price target
06/28/22 B. Riley
Digital Turbine initiated with a Buy at B. Riley
06/01/22 Craig-Hallum
Digital Turbine price target lowered to $85 from $105 at Craig-Hallum
06/01/22 Oppenheimer
Digital Turbine price target lowered to $40 from $117 at Oppenheimer
APPS Digital Turbine
$23.54 /

+0.68 (+2.97%)

APPS Digital Turbine
$23.54 /

+0.68 (+2.97%)

APPS Digital Turbine
$23.54 /

+0.68 (+2.97%)

Options
Digital Turbine options imply 17.4% move in share price post-earnings » 13:49
08/08/22
08/08
13:49
08/08/22
13:49
APPS

Digital Turbine

$23.68 /

+0.82 (+3.59%)

Pre-earnings options…

Pre-earnings options volume in Digital Turbine is 2.6x normal with puts leading calls 3:2. Implied volatility suggests the market is anticipating a move near 17.4%, or $4.11, after results are released. Median move over the past eight quarters is 14.6%.

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APPS Digital Turbine
$23.68 /

+0.82 (+3.59%)

APPS Digital Turbine
$23.68 /

+0.82 (+3.59%)

06/29/22 B. Riley
B. Riley starts 'mispriced' Digital Turbine with Buy, $29 price target
06/28/22 B. Riley
Digital Turbine initiated with a Buy at B. Riley
06/01/22 Craig-Hallum
Digital Turbine price target lowered to $85 from $105 at Craig-Hallum
06/01/22 Oppenheimer
Digital Turbine price target lowered to $40 from $117 at Oppenheimer
APPS Digital Turbine
$23.68 /

+0.82 (+3.59%)

APPS Digital Turbine
$23.68 /

+0.82 (+3.59%)

APPS Digital Turbine
$23.68 /

+0.82 (+3.59%)

Options
Digital Turbine put volume heavy and directionally bearish » 10:15
08/02/22
08/02
10:15
08/02/22
10:15
APPS

Digital Turbine

$20.31 /

+0.21 (+1.04%)

Bearish flow noted in…

Bearish flow noted in Digital Turbine with 2,398 puts trading, or 1.5x expected. Most active are 8/12 weekly 19 puts and Aug-22 25.5 calls, with total volume in those strikes near 1,900 contracts. The Put/Call Ratio is 2.77, while ATM IV is up over 1 point on the day. Earnings are expected on August 8th.

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APPS Digital Turbine
$20.31 /

+0.21 (+1.04%)

APPS Digital Turbine
$20.31 /

+0.21 (+1.04%)

06/29/22 B. Riley
B. Riley starts 'mispriced' Digital Turbine with Buy, $29 price target
06/28/22 B. Riley
Digital Turbine initiated with a Buy at B. Riley
06/01/22 Craig-Hallum
Digital Turbine price target lowered to $85 from $105 at Craig-Hallum
06/01/22 Oppenheimer
Digital Turbine price target lowered to $40 from $117 at Oppenheimer
APPS Digital Turbine
$20.31 /

+0.21 (+1.04%)

APPS Digital Turbine
$20.31 /

+0.21 (+1.04%)

APPS Digital Turbine
$20.31 /

+0.21 (+1.04%)

Conference/Events
Digital Turbine participates in a conference call with B. Riley » 05:55
07/21/22
07/21
05:55
07/21/22
05:55
APPS

Digital Turbine

$21.01 /

+2.135 (+11.31%)

Conference call with…

Conference call with management will be held on July 21 hosted by B. Riley.

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APPS Digital Turbine
$21.01 /

+2.135 (+11.31%)

APPS Digital Turbine
$21.01 /

+2.135 (+11.31%)

06/29/22 B. Riley
B. Riley starts 'mispriced' Digital Turbine with Buy, $29 price target
06/28/22 B. Riley
Digital Turbine initiated with a Buy at B. Riley
06/01/22 Craig-Hallum
Digital Turbine price target lowered to $85 from $105 at Craig-Hallum
06/01/22 Oppenheimer
Digital Turbine price target lowered to $40 from $117 at Oppenheimer
APPS Digital Turbine
$21.01 /

+2.135 (+11.31%)

APPS Digital Turbine
$21.01 /

+2.135 (+11.31%)

APPS Digital Turbine
$21.01 /

+2.135 (+11.31%)

Conference/Events
Digital Turbine participates in a conference call with B. Riley » 15:32
07/19/22
07/19
15:32
07/19/22
15:32
APPS

Digital Turbine

$18.86 /

+1.31 (+7.46%)

Conference call with…

Conference call with management will be held on July 21 hosted by B. Riley.

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APPS Digital Turbine
$18.86 /

+1.31 (+7.46%)

APPS Digital Turbine
$18.86 /

+1.31 (+7.46%)

06/29/22 B. Riley
B. Riley starts 'mispriced' Digital Turbine with Buy, $29 price target
06/28/22 B. Riley
Digital Turbine initiated with a Buy at B. Riley
06/01/22 Craig-Hallum
Digital Turbine price target lowered to $85 from $105 at Craig-Hallum
06/01/22 Oppenheimer
Digital Turbine price target lowered to $40 from $117 at Oppenheimer
APPS Digital Turbine
$18.86 /

+1.31 (+7.46%)

APPS Digital Turbine
$18.86 /

+1.31 (+7.46%)

APPS Digital Turbine
$18.86 /

+1.31 (+7.46%)

Over a quarter ago
Initiation
B. Riley starts 'mispriced' Digital Turbine with Buy, $29 price target » 08:11
06/29/22
06/29
08:11
06/29/22
08:11
APPS

Digital Turbine

$16.99 /

-0.64 (-3.63%)

B. Riley analyst Daniel…

B. Riley analyst Daniel Day last night initiated coverage of Digital Turbine with a Buy rating and $29 price target. Digital Turbine is a leading mobile app growth and monetization platform offering a suite of products to assist app publishers and developers in user acquisition and monetization, Day tells investors in a research note. The analyst says that with the shares down 80% from the 2021 highs, investors have "unfairly bucketed APPS into a group of high-growth story stocks lacking near-term free cash flow generation." He models 27% annual revenue growth over the next five years, with EBITDA and free cash flow projected to grow even faster due to operating leverage. Digital Turbine is an "ideal name for investors looking for high-quality, mispriced stocks that have been unfairly punished amidst the fog of the recent tech drawdown," writes Day.

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APPS Digital Turbine
$16.99 /

-0.64 (-3.63%)

APPS Digital Turbine
$16.99 /

-0.64 (-3.63%)

06/28/22 B. Riley
Digital Turbine initiated with a Buy at B. Riley
06/01/22 Craig-Hallum
Digital Turbine price target lowered to $85 from $105 at Craig-Hallum
06/01/22 Oppenheimer
Digital Turbine price target lowered to $40 from $117 at Oppenheimer
06/01/22 Macquarie
Digital Turbine price target lowered to $40 from $70 at Macquarie
APPS Digital Turbine
$16.99 /

-0.64 (-3.63%)

APPS Digital Turbine
$16.99 /

-0.64 (-3.63%)

APPS Digital Turbine
$16.99 /

-0.64 (-3.63%)

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