10 Oversold Penny Stocks To Invest In Now

5. Digital Turbine, Inc. (NASDAQ:APPS)

Year to Date Gain as of October 25: -55.76%

Forward Price to Earnings Ratio: 7.87

Number of Hedge Fund Holders: 15

Digital Turbine, Inc. (NASDAQ:APPS) is a technology company operating a mobile growth platform for advertisers, publishers, carriers, and original equipment manufacturers. While the stock is down by about 55.76% for the year, the underperformance comes from the company facing a challenging microenvironment that has resulted in significant financial challenges.

Nevertheless, Digital Turbine, Inc. (NASDAQ:APPS) remains one of the top oversold penny stocks to invest in, having delivered better-than-expected fiscal first-quarter results affirming growth. In its fiscal first quarter, revenue was up 5% sequentially to $118 million, beating consensus estimates of $116.03 million. However, it represented a 19% year-over-year decline.

According to chief executive officer Bill Stone, the first quarter marked a significant milestone affirming the start of a new financial year as Digital Turbine, Inc. (NASDAQ:APPS) slowly bounces back to sequential growth. New international device integrations and an increase in average revenue per device are increasingly driving revenue growth. Additionally, Digital Turbine is experiencing higher demand for its Brand and Exchange offerings.

Digital Turbine, Inc. (NASDAQ:APPS) has reiterated its full-year guidance for fiscal 2025, predicting adjusted EBITDA of $85 million to $95 million and revenue of $540 million to $560 million. As the business continues to navigate a challenging and competitive market environment, its capacity to sustain this momentum will be essential.

According to Insider Monkey’s database, 15 hedge funds held stakes in the Digital Turbine, Inc. (NASDAQ:APPS). D E Shaw had the largest stake, with shares valued at $7.79 million.