Professional
Added to YB: 2020-07-21
Pitch date: 2020-07-21
APPS [bullish]
Digital Turbine, Inc.
-1.09%
current return
Author Info
No bio for this author
Company Info
Digital Turbine, Inc., through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs).
Market Cap
$1.0B
Pitch Price
$12.85
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.23
P/E
-25.15
EV/Sales
2.38
Sector
Software
Category
growth
Choice Equities Capital holding: Digital Turbine (APPS)
APPS: Digital Turbine is entrenched as the app installer for non-iPhone smartphones. 400M+ device installs, enables pre-installation of apps like Uber, Netflix. Carriers benefit from higher engagement, usage. SingleTap improves download rates 10x. Captures user data for targeted ads. Acquired Mobile Posse for T-Mobile relationship, recurring rev, $100M+ cross-sell opportunity. Set to 2x EBITDA again. 25x NTM PE with strong operating leverage, tailwinds from smartphone growth, app monetization focus.
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