In a report released today, Jason Kreyer from Craig-Hallum assigned a Buy rating to Digital Turbine (APPS – Research Report). The company’s shares closed last Friday at $5.07.
Kreyer covers the Communication Services sector, focusing on stocks such as Magnite, Stagwell, and comScore. According to TipRanks, Kreyer has an average return of -0.6% and a 41.06% success rate on recommended stocks.
Currently, the analyst consensus on Digital Turbine is a Hold with an average price target of $5.33.
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Based on Digital Turbine’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $143.26 million and a GAAP net loss of $161.48 million. In comparison, last year the company earned a revenue of $174.86 million and had a net profit of $11.66 million
Based on the recent corporate insider activity of 78 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 (APPS) Company Description:
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 price target lowered to $5 from $10 at B. Riley
- Digital Turbine price target lowered to $12 from $18 at Craig-Hallum
- Digital Turbine price target lowered to $5 from $6 at Roth MKM
- Digital Turbine price target lowered to $6 from $7 at BofA
- Digital Turbine sees Q3 adjusted EPS 16-19c, consensus 18c
