Globeflex Capital L P Makes New Investment in Digital Turbine, Inc. $APPS

Globeflex Capital L P acquired a new position in Digital Turbine, Inc. (NASDAQ:APPS) during the first quarter, HoldingsChannel.com reports. The fund acquired 425,906 shares of the software maker’s stock, valued at approximately $1,227,000.

Several other large investors have also recently modified their holdings of APPS. Creative Planning increased its stake in Digital Turbine by 9.4% during the 3rd quarter. Creative Planning now owns 23,286 shares of the software maker’s stock valued at $149,000 after purchasing an additional 1,997 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Digital Turbine by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock worth $156,000 after acquiring an additional 2,449 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Digital Turbine by 23.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,180 shares of the software maker’s stock worth $66,000 after purchasing an additional 2,536 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Digital Turbine by 31.6% during the second quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock worth $63,000 after purchasing an additional 2,550 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in Digital Turbine by 22.5% during the second 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 during the period. Institutional investors own 63.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings lowered shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Benchmark started coverage on shares of Digital Turbine in a report on Tuesday. They issued a “buy” rating and a $15.00 price target for the company. Wall Street Zen upgraded Digital Turbine from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Finally, Roth Capital started coverage on Digital Turbine in a report on Tuesday. They set a “buy” rating and a $11.50 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Digital Turbine currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Digital Turbine Trading Down 7.5%

Shares of APPS stock opened at $8.49 on Thursday. The company’s 50-day moving average price is $8.87 and its 200-day moving average price is $5.74. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.84. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -23.58, a PEG ratio of 0.71 and a beta of 2.75. Digital Turbine, Inc. has a twelve month low of $2.74 and a twelve month high of $13.60.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. The business had revenue of $142.55 million during the quarter, compared to the consensus estimate of $133.22 million. As a group, equities analysts predict that Digital Turbine, Inc. will post 0.68 earnings per share for the current year.

About Digital Turbine

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.