Brokerage Firm Rating Update on Digital Turbine (APPS)

Digital Turbine (APPS) : The consensus on Digital Turbine (APPS) based on 4 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Digital Turbine (APPS) : 4 investment research analysts covering Digital Turbine (APPS) have an average price target of $2.41 for the near short term. The highest target price given by the Brokerage Firm to the stock is $3 and the lowest target is $2 for the short term. Analysts expect the variance to be within $0.55 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Ladenburg Thalmann upgrades its rating on Digital Turbine (NASDAQ:APPS). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 31, 2016.

Digital Turbine (NASDAQ:APPS): stock was range-bound between the intraday low of $1.42 and the intraday high of $1.5 after having opened at $1.48 on Wednesdays session. The stock finally closed in the red at $1.48, a loss of -2.04%. The stock remained in the red for the whole trading day. The total traded volume was 157,945 shares. The stock failed to cross $1.5 in Wednesdays trading. The stocks closing price on Thursday was $1.47.

Digital Turbine, Inc., formerly Mandalay Digital Group Inc., is delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company manages its business in four operating segments: Ignite, IQ, Appia Core, and Content. The four operating segments have been aggregated into two segments: Advertising and Content. The Companys Advertising business consists of products including the following: DT Ignite, a mobile device management solution with targeted application distribution capabilities; DT IQ, a customized user experience and application discovery tool; DT Media, an advertiser solution for carrier and OEM inventory, and Appia Core, a mobile user acquisition network. Its Content business consists of the following products: DT Marketplace, an application and content store, and DT Pay, a content management and mobile payment solution.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.