Stocks were relatively flat this morning in early trading. Of course there are some exceptions. GME is surging again, apparently the Reddit rodeo is back on. Get your popcorn ready, let’s see where this goes.
Cell phone screens are some of the most valuable real estate in the world right now. We access the apps and sites and other things we love from our phones and computers. That’s probably not going to change anytime soon. Our trade alert for today highlights a firm that’s software platform makes content discovery and monetization possible.
Digital Turbine, Inc. (APPS) has stayed under the radar for most investors. That hasn’t stopped the app discovery engine from producing epic gains, with the stock up more than 1,000% over the past year alone. The analysts covering the stock think there’s plenty more to come for this small company with tons of growth potential.
Through its subsidiaries, Digital Turbine provides media and mobile communication products and solutions. Its software platform enables mobile operators and original equipment manufacturers to control, manage and monetize devices. Basically, the company’s on-demand media platform powers frictionless app and content discovery. Plus, they provide monetization solutions to meet growing demand.
Digital Turbine products include DT Ignite(TM), a mobile device management solution with targeted app distribution capabilities, DT IQ(TM), a customized user experience and app discovery tool, DT Marketplace(TM), an application and content store and DT Pay(TM), a content management and mobile payment solution.
The company’s results earlier this month confirmed Digital Turbine‘s strong positioning at the intersection of app economy and the digital transformation. Third-quarter revenues grew to $88 million, which is a 146% increase. On top of that, they got operating leverage. They reported $0.15 of net income per share, growing from $0.04 in the last quarter of last year.
The company cites the amount of time and money spent by consumers within applications continues to rise, as consumers increasingly grow accustomed to consuming more content and spending greater share of their wallets using the applications on their mobile devices.
Businesses everywhere have reacted accordingly by placing increased emphasis on the functionality, and monetization of potential of their application-based storefronts. The powerful, secular tailwinds have been driving, and may likely continue to drive significantly greater demand for APPS unique platform offerings.
The company’s expected earnings growth rate for the current year is more than 100%, according to Zacks Research. Of 7 analysts offering recommendations for APPS stock 6 rate the stock a Buy. There is one Hold rating and no Sell ratings for the stock.
Where to invest $1,000 right now...
Before you consider buying Digital Turbine, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Digital Turbine.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
Click here to watch his presentation, and decide for yourself...
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
Click here to find out the name and ticker of Keith's #1 pick...
