APPS long dated options?
How would you look that up?
I bet they're cheap $20's<--? SEPT20's I'm just guessing here***
Stk is freakin $16 // At one point I bought this name at $48 and I thought it was going to $77 What was I smoking!
Digital Turbine could be 'in play,' Oppenheimer says, following Unity/ironSource deal
Jul. 13, 2022 12:23 PM ET
Digital Turbine, Inc. (APPS),
U,
ISBy:
Chris Ciaccia, SA News Editor
Digital Turbine (NASDAQ:
APPS) could be "in play" as an acquisition target, investment firm Oppenheimer said, following Unity's (NYSE:
U)
deal to acquire ironSource (NYSE:
IS) in an all-stock $4.4B merger.
Analyst Timothy Horan, who has an outperform rating on Digital Turbine (
APPS), noted that the company is the "only other dominant source for on-device presence," citing the reason that the aforementioned deal was done was because of a "diversity" of data.
In addition, ironSource (
IS) reiterated its second-quarter and full-year guidance, which Oppenheimer said "bodes well" for stabilization from Digital Turbine (
APPS).
Other key positives for Digital Turbine (
APPS) include an implied multiple for ironSource (
IS) that is "more than double" the multiple for Digital Turbine's current valuation, which shows the "extreme undervaluedness" and how attractive its 14% free cash flow yield and is. It also highlights the fact that consolidation in the sector can only help investor sentiment for advertising technology companies.