In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Digital Turbine Inc (APPS), with a price target of $3. The company’s shares closed yesterday at $1.40.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 10.2% and a 50.8% success rate. Aftahi covers the Technology sector, focusing on stocks such as The Meet Group Inc, Mitek Systems Inc, and Veritone Inc.
Digital Turbine Inc has an analyst consensus of Strong Buy, with a price target consensus of $3.07, implying an 119.3% upside from current levels. In a report released today, B.Riley FBR also maintained a Buy rating on the stock with a $2.70 price target.
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Based on Digital Turbine Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $484K. In comparison, last year the company had a GAAP net loss of $6.46 million.
Based on the recent corporate insider activity of 11 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.
