Oppenheimer analyst Timothy Horan maintained a Hold rating on Digital Turbine (APPS – Research Report) on January 18. The company’s shares opened today at $5.45.
Horan covers the Technology sector, focusing on stocks such as Microsoft, Verint Systems, and Cloudflare. According to TipRanks, Horan has an average return of 10.4% and a 63.84% 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
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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.
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