In a report released yesterday, Sameet Sinha from B.Riley FBR reiterated a Buy rating on Digital Turbine Inc (NASDAQ: APPS), with a price target of $2.20. The company’s shares closed yesterday at $1.44.
According to TipRanks.com, Sinha is a 4-star analyst with an average return of 6.3% and a 52.8% success rate. Sinha covers the Technology sector, focusing on stocks such as Limelight Networks, Alphabet Inc, and Webcom Group.
Digital Turbine Inc has an analyst consensus of Moderate Buy, with a price target consensus of $2.85.
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Based on Digital Turbine Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $38.43 million. In comparison, last year the company had a GAAP net loss of $4.18 million.
Based on the recent corporate insider activity of 8 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. delivers end to end products and solutions for mobile operators, application advertisers, device original equipment manufacturers and other third parties to enable them to monetize mobile content and generate user acquisition. It operates through two segments: Advertising and Content.
