Amalgamated Bank Trims Digital Turbine Holdings by 5.7% in Q1
August 8, 2023
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Digital Turbine ($NASDAQ:APPS), Inc. is a global provider of mobile media and advertising technology solutions. The company provides a range of products and services including application and content recommendation, device management, billing, and mobile analytics. As of the filing, Amalgamated Bank holds a 5.7% decrease in Digital Turbine’s shares for the first quarter which is the most recent quarter. As reported by other financial institutions, Digital Turbine shares have seen a decrease in overall value and interest.
Despite the decrease in interest from investors, Digital Turbine remains dedicated to providing its customers with the best mobile media and advertising technology solutions. The company has partnered with several leading mobile carriers and OEMs, as well as investing in research and development to stay ahead of the ever-evolving mobile tech industry.
Analysis
At GoodWhale, we make it easier than ever to analyze financials and identify potential risks when investing in stocks. We recently analyzed DIGITAL TURBINE and compared it to the industry standards by analyzing its income sheet and balance sheet. According to our Risk Rating, DIGITAL TURBINE is a high risk investment in terms of financial and business aspects. We have detected two risk warnings in its income sheet and balance sheet. To view these warnings and other detailed information about the company, simply become a registered user and start exploring. Because investments carry inherent risks, we encourage all our users to be diligent in their research and financial decision-making when considering an investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Digital Turbine. More…
| Total Revenues | Net Income | Net Margin |
| 665.92 | 16.67 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Digital Turbine. More…
| Operations | Investing | Financing |
| 15.86 | -9.76 | -11.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Digital Turbine. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.27k | 659.3 | 6.11 |
Key Ratios Snapshot
Some of the financial key ratios for Digital Turbine are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 68.7% | 51.7% | 6.8% |
| FCF Margin | ROE | ROA |
| 1.6% | 4.7% | 2.2% |
Peers
Digital Turbine Inc is in competition with The Trade Desk Inc, Apple Inc, and Newborn Town Inc. All of these companies are vying for a piece of the digital advertising pie. Digital Turbine Inc has a lot of experience in the industry, and it has been able to adapt to the ever-changing landscape. Its competitors are all large companies with a lot of resources, but they have not been able to keep up with Digital Turbine Inc’s innovation.
– The Trade Desk Inc ($NASDAQ:TTD)
The Trade Desk Inc is a technology company that provides a self-service omnichannel software platform for advertising buyers. The company has a market cap of 26.66B as of 2022 and a Return on Equity of 1.45%. The Trade Desk’s platform enables its clients to purchase and manage advertising inventory across various channels, including display, video, audio, native, and social, on a self-service basis. The company was founded in 2009 and is headquartered in Los Angeles, CA.
– Apple Inc ($NASDAQ:AAPL)
Apple Inc, is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, and the HomePod smart speaker. Apple’s software includes the macOS and iOS operating systems, the iTunes media player, the Safari web browser, and the iWork productivity suite. Its online services include the iTunes Store, the iOS App Store, and Mac App Store, Apple Music, and iCloud.
Apple has a market cap of 2.29T as of 2022 and a Return on Equity of 162.51%.
– Newborn Town Inc ($SEHK:09911)
Newborn Town Inc is a publicly traded company with a market capitalization of 1.72 billion as of 2022. The company has a return on equity of -34.07%. Newborn Town Inc is a provider of online marketing and advertising services. The company offers a range of services, including search engine optimization, social media marketing, and email marketing. Newborn Town Inc is headquartered in New York, New York.
Summary
Digital Turbine, Inc. is an attractive investment for those interested in the mobile app industry and digital advertising. According to Amalgamated Bank’s first quarter financial report, it trimmed its holdings of Digital Turbine by 5.7%. For those looking to make an informed decision about investing in Digital Turbine, it is important to consider the company’s growth potential, competitive positioning, financials, and management team. Analyzing the company’s products, technological advances, and market share will help investors make an informed decision.
Additionally, understanding the company’s stage of development and the competitive landscape can help investors identify potential risks and rewards associated with the investment.
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