Latest news with #APPS
Yahoo
24-04-2025
- Business
- Yahoo
Digital Turbine, Inc. (APPS): Among the Tech Stocks That Are Up the Most So Far in 2025
We recently compiled a list of the Why These 15 Tech Stocks Are up the Most So Far in 2025. In this article, we are going to take a look at where Digital Turbine, Inc. (NASDAQ:APPS) stands against the other tech stocks. Most tech stocks haven't been doing well so far this year, but this isn't a problem that all tech stocks face. The technology sector is broad, and there are always some stocks that still do well regardless of the broader market environment. Many of these companies are leading the way in artificial intelligence, cloud computing, and cybersecurity. Their ability to adapt and launch new solutions has set them apart from the pack. For example, firms that reported robust growth in large customer contracts or unveiled breakthrough AI tools have seen their shares surge, even as industry giants have struggled with market volatility. It's worth looking into these winners if you're looking for opportunities in this market. For this article, I screened the best-performing tech stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A row of mobile phones, highlighting the company's mobile growth platform. Number of Hedge Fund Holders In Q4 2024: 12 Digital Turbine, Inc. (NASDAQ:APPS) is a mobile growth platform offering pre-installed app services and content monetization solutions for device manufacturers and mobile carriers. The stock is up significantly so far in 2025 as Strategic alliances with leading mobile brands like Motorola, Nokia, ONE Store, Xiaomi, Telecom Italia Brazil, T-Mobile US, and TIM have extended Digital Turbine, Inc. (NASDAQ:APPS)'s global footprint across various regions and device ecosystems. On January 23, 2025, the company announced a new partnership with TIM to enhance mobile user experience in Brazil. This followed their October 2024 expanded partnership with ONE Store to globalize alternative app growth. The company reported Q3 fiscal 2025 financial results on February 5, 2025, with revenue totaling $134.6 million. This implies a 13% increase quarter-over-quarter. Their App Growth Platform continues to benefit from increased spending from leading advertising agencies and brand advertisers. The quarterly report showed Non-GAAP adjusted EBITDA of $22.0 million, up 44% quarter-over-quarter but down 13% year-over-year. The consensus price target of $2.38 implies 18.66% downside. APPS stock is up 72.78% year-to-date. Overall APPS ranks 6th on our list of the tech stocks that are up the most so far in 2025. While we acknowledge the potential of APPS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than APPS but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
24-03-2025
- Business
- Yahoo
Palomar to buy crop insurer Advanced AgProtection
Palomar Holdings has agreed to acquire Advanced AgProtection (AAP), a specialised crop managing general agent based in Texas. This acquisition is due to be finalised during the second quarter of 2025 (Q2 2025). Palomar invested in AAP in 2023, marking the start of their alliance. The company uses AAP Policy Processing System (APPS) to service crop insurance policies. Commenting on the latest deal, Palomar president Jon Christianson said: 'Building on our successful collaboration with Advanced AgProtection over the last two years, this acquisition marks a natural progression for Palomar and our crop franchise. 'AAP's platform will provide the infrastructure for continued growth as Palomar establishes itself as a preferred and emerging leader in the crop marketplace. Our teams are energised by the opportunities this combination brings. We are thrilled to welcome the AAP team to Palomar.' Palomar Holdings encompasses a range of subsidiaries including Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda, Palomar Insurance Agency as well as Palomar Excess and Surplus Insurance Company. Additionally, it comprises Palomar Underwriters Exchange Organisation, Palomar Crop Insurance Services and First Indemnity of America Insurance Company. The acquisition of AAP follows Palomar purchase of First Indemnity of America Insurance Company (FIA), which supported its foray into the surety market. FIA was established in 1979 and began operations by writing surety bonds in New Jersey. "Palomar to buy crop insurer Advanced AgProtection " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
03-03-2025
- Yahoo
Shipping company slammed with $1M fine after deceiving US Coast Guard: 'We encourage the public to continue reporting any suspicious activities'
In late January, the Greek shipping company Eurobulk pleaded guilty to illegally discharging oily bilge water from one of its vessels and was met with a massive fine and probation. As KRIS 6 News reported, the company admitted to violating the Act to Prevent Pollution from Ships and falsifying records, according to U.S. Attorney Nicholas J. Ganjei. A U.S. District judge in Texas ordered Eurobulk to pay a $1.125 million criminal fine and serve four years' probation for violating the APPS during a port call in Corpus Christi. "It is crucial that we strive to eliminate threats to our waters through holding overseas corporations accountable," Ganjei told gCaptain. The case involved the Good Heart, a Liberia-flagged vessel operated by Eurobulk, from which crew members made illegal oily water discharges and gave false records to the U.S. Coast Guard to cover up their environmental crimes. Court documents revealed that the Good Heart's former chief engineer, Christos Charitos, told crew members on at least two occasions to dump oily waste overboard from the ship's duct keel — a pipe that runs from the engine room and underneath cargo holds — without using the required oily water separator. The Maritime Executive reported that Charitos pleaded guilty to the crimes in September and was ordered to pay a $2,000 fine and serve one year of probation. Eurobulk was also required to pay a $375,000 community service penalty to the National Fish and Wildlife Foundation. "This outcome directly reflects our dedication to holding those who violate laws designed to prevent pollution of the marine environment accountable," Rear Adm. David Barata, commander of the USCG's 8th District, told the news outlet. "The Coast Guard and our partners remain resolute in our mission to protect our waters, and we encourage the public to continue reporting any suspicious activities as every report is essential in our ongoing effort to preserve the health of our marine ecosystems." Bilge water is wastewater that collects in the lowest compartment of a ship and contains a mixture of water, grease, oil, and other pollutants. When companies dump these chemicals into oceans, they can poison or kill marine animals, damage fragile habitats such as coral reefs and seagrass beds, reduce oxygen levels, and contaminate beaches. Do you think America has a plastic waste problem? Definitely Only in some areas Not really I'm not sure Click your choice to see results and speak your mind. Bilge water dumping is common in the shipping industry, but the environmental damage it causes doesn't get much attention. According to Marine Defenders, commercial ships discharge up to 810,000 tons of oily bilge waste and fuel oil sludge into oceans annually. To put that in perspective, it's the equivalent of eight Exxon Valdez oil spills occurring every year. So, why would shipping companies knowingly harm the ocean and wildlife? As with most things, it comes down to time and money. It's cheaper and easier to dump wastewater overboard than to follow regulations for proper treatment, and ship operators may think they won't get caught. However, these actions have huge environmental consequences and can also impact humans who visit beaches and eat fish. The International Convention for the Prevention of Pollution from Ships, also known as MARPOL, regulates the discharge of bilge water from ships to prevent oil pollution and requires companies to use oil filtering equipment. Environmental nonprofits such as SkyTruth help track ocean oil pollution by employing satellite imagery and machine learning to catch polluters in the act. Some shipping companies have started launching electric container ships and wind-powered cargo vessels to reduce pollution and operating costs, though it will take time for the industry to switch to cleaner energy sources. We can ensure shipping companies stay on track by reporting environmentally damaging behavior and reduce pollution locally by practicing safe maintenance habits, which can save money as well. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
06-02-2025
- Business
- Yahoo
Digital Turbine Soars 27% Premarket on Q3 Beat, Upgraded FY25 Outlook
Digital Turbine (NASDAQ:APPS) shares jumped 27.17% in premarket trading at 5:51 a.m. ET on Thursday after the company reported better-than-expected fiscal third-quarter results and raised its full-year outlook. The mobile software company posted adjusted net income of $13.7 million, or $0.13 per share, on revenue of $134.6 million, down 6% year-over-year but up 13% sequentially. Adjusted EBITDA came in at $22 million, marking a 44% quarter-over-quarter increase despite a 13% annual decline. Warning! GuruFocus has detected 8 Warning Signs with APPS. CEO Bill Stone credited "improved execution and profit-optimization measures" for the company's strong quarterly performance and cash flow. Looking ahead, Digital Turbine raised its fiscal 2025 outlook, now expecting revenue between $485 million and $490 million (above the $477.05 million consensus) and adjusted EBITDA of $69 million to $71 million. The company anticipates year-over-year revenue growth in the March quarter, with even stronger EBITDA gains. This article first appeared on GuruFocus.
