After B.Riley Financial and Oppenheimer gave Digital Turbine (NASDAQ: APPS) a Buy rating last month, the company received another Buy, this time from Roth Capital. Analyst Darren Aftahi reiterated a Buy rating on Digital Turbine yesterday and set a price target of $42.00. The company’s shares closed last Thursday at $31.88.
According to TipRanks.com, Aftahi is a top 100 analyst with an average return of 29.1% and a 54.6% success rate. Aftahi covers the Technology sector, focusing on stocks such as Remark Holdings, Fathom Holdings, and Mitek Systems.
Currently, the analyst consensus on Digital Turbine is a Strong Buy with an average price target of $36.58, implying a 17.2% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $47.00 price target.
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Based on Digital Turbine’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $59.01 million and net profit of $9.94 million. In comparison, last year the company earned revenue of $30.55 million and had a GAAP net loss of $1.82 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock.
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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.