Roth Capital Thinks Digital Turbine Inc’s Stock is Going to Recover


In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Digital Turbine Inc (NASDAQ: APPS), with a price target of $3. The company’s shares opened today at $1.32, close to its 52-week low of $1.12.

Aftahi said:

“We expect an in-line F2Q19 when APPS reports AMC on 11/5, with total revenue growing ~45% y/y and a marginal EBITDA improvement q/q. We expect a positive outlook given the likely de-risking of the stock by renewing its AT&T partnership. Samsung’s 3Q report suggests units shipments were flat q/q (but Note 9 strength), which we believe is most likely how APPS F2Q was guided. We expect upticks to and beyond. Risk/reward remains favorable in our view.”

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 8.6% and a 48.6% success rate. Aftahi covers the Technology sector, focusing on stocks such as The Meet Group Inc, Mitek Systems Inc, and Veritone Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Digital Turbine Inc with a $2.90 average price target.

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The company has a one-year high of $2.59 and a one-year low of $1.12. Currently, Digital Turbine Inc has an average volume of 363.3K.

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.

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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.

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