Roth Capital Releases a Buy Rating on Digital Turbine Inc

By Austin Angelo

In a report released yesterday, Brian Alger from Roth Capital reiterated a Buy rating on Digital Turbine Inc (NASDAQ: APPS), with a price target of $1.30. The company’s shares opened today at $0.93.

According to TipRanks.com, Alger is a 5-star analyst with an average return of 26.7% and a 57.0% success rate. Alger covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Dot Hill Systems Corp, and Super Micro Computer.

Digital Turbine Inc has an analyst consensus of Moderate Buy, with a price target consensus of $1.30.

Based on Digital Turbine Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $22.29 million and GAAP net loss of $2.59 million. In comparison, last year the company earned revenue of $23.03 million and had a GAAP net loss of $5.83 million.

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Digital Turbine, Inc. at the convergence of media and mobile communications 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. The Advertising segment is comprised of Operator and OEM, an advertiser solution for unique and exclusive carrier and OEM inventory, which is comprised of services including Ignite, a mobile device management platform with targeted application distribution capabilities, and Discover, an intelligent application discovery platform and Advertiser and Publisher, a leading worldwide mobile user acquisition network, which is comprised of services including Syndicated network and Real Time Bidding. The Content segment services include Marketplace, an application and content store, and Pay, a content management and mobile payment solution. The company was founded on November 6, 1998 and is headquartered in Austin, TX.