In a report released today, Darren Aftahi from Roth MKM maintained a Hold rating on Digital Turbine (APPS – Research Report), with a price target of $10.00. The company’s shares opened today at $8.48.
Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine, Veritone, and Direct Digital Holdings. According to TipRanks, Aftahi has an average return of 8.1% and a 38.26% success rate on recommended stocks.
Currently, the analyst consensus on Digital Turbine is a Moderate Buy with an average price target of $14.33.
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Based on Digital Turbine’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $140.12 million and a GAAP net loss of $13.74 million. In comparison, last year the company had a net profit of $20.12 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APPS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Digital Turbine, Inc. engages in the innovation of media and mobile communications which helps to deliver an end-to-end platform solution for mobile operators, application developers, device original equipment manufacturers (OEM), and other third parties. It operates through the Advertising segment, which is comprised of Operator and OEM (O&O) business. The O&O is an advertiser solution for unique and exclusive carrier and OEM inventory. The company was founded on November 6, 1998 and is headquartered in Austin, TX.
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