GSA Capital Partners LLP Trims Position in Digital Turbine, Inc. $APPS

GSA Capital Partners LLP trimmed its stake in Digital Turbine, Inc. (NASDAQ:APPS) by 87.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,126 shares of the software maker’s stock after selling 131,710 shares during the period. GSA Capital Partners LLP’s holdings in Digital Turbine were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Digital Turbine by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock valued at $156,000 after acquiring an additional 2,449 shares in the last quarter. Legal & General Group Plc raised its position in Digital Turbine by 31.6% during the 2nd quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after purchasing an additional 2,550 shares in the last quarter. Osaic Holdings Inc. raised its position in Digital Turbine by 22.5% during the 2nd quarter. Osaic Holdings Inc. now owns 18,073 shares of the software maker’s stock valued at $107,000 after purchasing an additional 3,322 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Digital Turbine in the 3rd quarter worth $31,000. Finally, Creative Planning grew its position in shares of Digital Turbine by 39.2% during the 2nd quarter. Creative Planning now owns 21,289 shares of the software maker’s stock worth $126,000 after buying an additional 5,991 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors.

Digital Turbine Stock Performance

APPS stock opened at $4.10 on Tuesday. Digital Turbine, Inc. has a one year low of $2.11 and a one year high of $8.28. The firm has a market cap of $491.59 million, a price-to-earnings ratio of -8.54, a PEG ratio of 0.47 and a beta of 2.23. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $5.14.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, February 3rd. The software maker reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $151.40 million during the quarter, compared to analyst estimates of $145.72 million. Digital Turbine had a negative net margin of 8.93% and a positive return on equity of 21.26%. On average, equities analysts forecast that Digital Turbine, Inc. will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on APPS. Wall Street Zen upgraded Digital Turbine from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Craig Hallum restated a “buy” rating and issued a $10.00 price target on shares of Digital Turbine in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digital Turbine in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.75.

Digital Turbine Profile

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.