In a report released yesterday, Omar Dessouky from Bank of America Securities reiterated a Buy rating on Digital Turbine (APPS – Research Report), with a price target of $12.00. The company’s shares closed yesterday at $9.29.
Dessouky covers the Technology sector, focusing on stocks such as Roblox, Take-Two, and Digital Turbine. According to TipRanks, Dessouky has an average return of -3.7% and a 36.67% success rate on recommended stocks.
In addition to Bank of America Securities, Digital Turbine also received a Buy from Craig-Hallum’s Anthony Stoss in a report issued yesterday. However, on the same day, Roth MKM maintained a Hold rating on Digital Turbine (NASDAQ: APPS).
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The company has a one-year high of $25.00 and a one-year low of $7.72. Currently, Digital Turbine has an average volume of 2.5M.
Based on the recent corporate insider activity of 66 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.
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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.
Read More on APPS:
- Digital Turbine sees Q2 adjusted EPS 13c-15c, consensus 17c
- Digital Turbine reports Q1 adjusted EPS 18c, consensus 13c
- Digital Turbine Reports Fiscal 2024 First Quarter Financial Results
- Digital Turbine options imply 15.2% move in share price post-earnings
- APPS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
