Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application advertisers, publishers, device original equipment manufacturers (OEMs), and other third parties. Its application media software platform that enables mobile operators and OEMs to control, manage, and monetize devices. Based on the Digital Turbine Inc stock forecasts from 3 analysts, the average analyst target price for Digital Turbine Inc is USD 63.00 over the next 12 months. Digital Turbine Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Digital Turbine Inc is Slightly Bullish , which is based on 9 positive signals and 5 negative signals. At the last closing, Digital Turbine Inc’s stock price was USD 19.68. Digital Turbine Inc’s stock price has changed by -16.79% over the past week, -37.82% over the past month and -70.93% over the last year.

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APPS:NSD (Digital Turbine Inc)
Software-Application | NSD | Common Stock
Values as of 1st Jun, 2022
Stock Target Advisor
Detailed Stock Report
Report Date: 2nd June, 2022
Last Close
USD 19.68
Change
-5.75(-22.61%)
Market Cap
USD 1.91B
1 Yr Capital Gain
-69.74%
1 Yr Dividend Return
N/A
1 Yr Total
Return
-69.74%
Earning Growth (5 yr)
246.50%
Average Target Price
63.00(+220.12% )
Average Analyst
Rating
Strong Buy
Fundamental
Analysis
Slightly Bullish
Our view of the stock is Slightly Bullish with a score of 6.4 out of 10, where 0 is very bearish and 10 very bullish
What to like
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Superior return on equity
The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior capital utilization
The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in
the long run.
What to not like
High volatility
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering
to buy.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are
considering to buy.

2. Page 2 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
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APPS:NSD (Digital Turbine Inc)
Software-Application | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 2nd June, 2022
Adjusted Closing Share Volume
Relative Returns Relative Performance (Total Returns)
Security Capital Gain Dividend Return Total Return
APPS
Digital Turbine Inc
-70.9% 0 -70.9%
QQQ
Invesco QQQ Trust Series 1
-8.1% +0.4% -7.7%
Company Overview
Digital Turbine, Inc., through its subsidiaries, provides media and mobile communication products and solutions for mobile operators,
application advertisers, publishers, device original equipment manufacturers (OEMs), and other third parties. Its application media software
platform that enables mobile operators and OEMs to control, manage, and monetize devices. The company also provides programmatic
advertising and targeted media delivery services; and other products and professional services directly related to the core platform. It
operates in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, China, Mexico, Central America, and South America.
The company is headquartered in Austin, Texas. Address: 110 San Antonio Street, Austin, TX, United States, 78701

3. Page 3 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Company Website
https://www.digitalturbine.com
Address
110 San Antonio Street, Austin, TX, United States, 78701
Fiscal Year End
March
Employees
280
Technical Indicators
Value Value
Beta 2.33 52 Week High 93.98
Short Ratio 2.36 52 Week Low 19.21
Shorted Shares 5,767,734 200 Day Moving Average 52.16
Shorted Shares Previous Month 5,092,097 50 Day Moving Average 33.59
Shares Held By Insiders 313.50% Short Percentage 4.00%
Shares Held by Institutions 75.51 Dividend Yield N/A

4. Page 4 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
APPS:NSD (Digital Turbine Inc)
Software-Application | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 2nd June, 2022
Market Performance
Market Performance vs. Industry / Classification (Software-Application) Market Performance vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
YTD
Capital Gain -67.73% -38.9% 8% -18.2% 11%
Dividend Return N/A 0.5% N/A 1.0% N/A
Total Return -67.73% -38.9% 8% -17.7% 11%
Trailing 12 Months
Capital Gain -69.74% -40.9% 22% -20.9% 21%
Dividend Return N/A 1.6% N/A 2.3% N/A
Total Return -69.74% -40.9% 22% -19.4% 21%
Trailing 5 Years
Capital Gain 1,756.60% 21.2% 100% 7.5% 98%
Dividend Return N/A 10.2% N/A 11.0% N/A
Total Return 1,756.60% 26.5% 100% 17.7% 98%
Average Annual (5 Year Horizon)
Capital Gain 266.02% -6.1% 97% 2.6% 98%
Dividend Return N/A 1.0% N/A 1.8% N/A
Total Return 266.02% -6.1% 97% 4.5% 98%
Risk Return Profile
Volatility (Standard
Deviation)
382.15% 34.0% 8% 32.2% 3%
Risk Adjusted Return 69.61% N/A 77% 20.7% 90%
Market Capitalization 1.91B 0.56B 65% 0.33B 79%

5. Page 5 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
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Key Financial Ratios
Ratios vs. Industry / Classification (Computer Hardware) Ratios vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
Market Value
peratio 56.2 42.3 35% 16.6 18%
pbratio 5.1 3.1 33% 1.6 16%
pcfratio 30.4 12.8 32% 0.0 11%
pfcfratio 21.7 18.5 47% 10.0 26%
Management Effectiveness
retequity 10.76% -9.8% 80% 0.6% 68%
retinvcap 24.87% -4.3% 93% -0.5% 90%
retass 6.71% -2.8% 89% 0.2% 85%
debtequityratio N/A 44.6% N/A 31.8% N/A
Technical Ratios
yield N/A 1.5% N/A 2.5% N/A
sratio 2.36 3.06 62% 3.10 59%
spercent 6.82% 3.3% 20% 2.9% 26%
beta 2.33 1.15 12% 1.09 7%

6. Page 6 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
APPS:NSD (Digital Turbine Inc)
Software-Application | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 2nd June, 2022
Recent Analyst Ratings
Price Action Rating Action Analyst Rating Price date
Maintains Macquarie Research Outperform USD 70 » USD 40 2022-06-01
Target Lowered by Craig Hallum USD 105 » USD 85 2022-06-01
Maintains Oppenheimer Holdings Outperform USD 117 » USD 40 2022-06-01
Maintains Macquarie Research Outperform USD 80 » USD 70 2022-02-09
Upgraded by Macquarie Research Neutral » Outperform USD 80 2021-12-07
Target Raised by Canaccord Capital Buy USD 95 » USD 100 2021-11-03
Target Raised by Oppenheimer Holdings Outperform USD 100 » USD 117 2021-11-03
Upgraded by Canaccord Capital Hold » Buy USD 80 » USD 95 2021-08-31
Initiated by Macquarie Research Neutral USD 60 2021-08-31
Target Raised by Canaccord Capital Hold USD 85 » USD 86 2021-06-02
Target Raised by Maxim Group Buy USD 111 » USD 132 2021-06-02
Target Raised by Canaccord Capital Hold USD 65 » USD 85 2021-05-03
Target Raised by Maxim Group Buy USD 85 » USD 111 2021-03-24
Maintains Craig Hallum Buy USD 90 » USD 105 2021-03-23
Target Raised by Roth Capital Buy USD 100 » USD 115 2021-03-23
Target Raised by Roth Capital Buy USD 87 » USD 100 2021-03-01
Target Raised by Craig Hallum Buy USD 80 » USD 90 2021-02-26
Target Raised by Roth Capital Buy USD 70 » USD 87 2021-02-04
Target Raised by Craig Hallum Buy USD 60 » USD 80 2021-02-04
Target Raised by Maxim Group Buy USD 75 » USD 85 2021-02-04
Target Raised by B. Riley Buy USD 77 » USD 85 2021-02-04
Target Raised by Roth Capital Buy USD 42 » USD 70 2021-01-27
Initiated by Maxim Group Buy USD 75 2021-01-22
Downgraded by Canaccord Capital Buy » Hold USD 60 2020-12-21
Target Raised by Craig Hallum Buy USD 44 » USD 60 2020-12-17

7. Page 7 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
APPS:NSD (Digital Turbine Inc)
Software-Application | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 2nd June, 2022
Annual Financial (USD)

8. Page 8 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
APPS:NSD (Digital Turbine Inc)
Software-Application | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 2nd June, 2022
Quarterly Financial (USD)

9. Page 9 of 9 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
APPS:NSD (Digital Turbine Inc)
Software-Application | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 2nd June, 2022
Largest Industry Peers for Software-Application
Symbol Company Name Price(Change) Market Cap
INTU Intuit Inc -6.09 (-1.5%) USD 119.17B
ADSK Autodesk Inc -0.37 (-0.2%) USD 45.77B
TEAM Atlassian Corporation Plc +1.93 (+1.1%) USD 43.28B
CDNS Cadence Design Systems Inc -0.51 (-0.3%) USD 43.08B
WDAY Workday Inc +0.26 (+0.2%) USD 40.33B
ZM Zoom Video Communications Inc +0.20 (+0.2%) USD 32.95B
DDOG Datadog Inc +2.11 (+2.2%) USD 30.05B
ANSS ANSYS Inc -5.44 (-2.1%) USD 22.18B
TTD The Trade Desk Inc -0.49 (-0.9%) USD 19.90B
COIN Coinbase Global Inc -9.47 (-12.1%) USD 19.73B
ETFs Containing APPS
Symbol Company Name Weight Mer Price(Change) Market Cap
RFG Invesco S&P MidCap 400 Pure Gr.. 0.00 % 0.35 % -1.78 (-4.2%) USD 0.28B
FYX:LSE First Trust US Small Cap Core .. 0.00 % 0.00 % N/A USD 1.54M
JFWD Jacob Funds Inc. - Jacob Forwa.. 0.00 % 0.00 % -0.40 (-4.2%) N/A
The Stock Target Advisor platform run millions of calculations every day on over 30,000 Canadian and American stocks, comparing and
ranking their financial and market performance against their sectors and exchange.
We represent the percentile ranking using the following grading system.
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%