WINTON GROUP Ltd Buys 78,096 Shares of Digital Turbine, Inc. $APPS

WINTON GROUP Ltd increased its stake in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 178.7% in the 2nd quarter, Holdings Channel reports. The firm owned 121,796 shares of the software maker’s stock after buying an additional 78,096 shares during the period. WINTON GROUP Ltd’s holdings in Digital Turbine were worth $1,571,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AIGH Capital Management LLC bought a new stake in Digital Turbine in the 1st quarter worth approximately $14,100,000. Invesco Ltd. raised its stake in Digital Turbine by 369.0% during the 4th quarter. Invesco Ltd. now owns 1,829,003 shares of the software maker’s stock valued at $9,145,000 after buying an additional 1,438,986 shares during the last quarter. Manatuck Hill Partners LLC lifted its holdings in shares of Digital Turbine by 233.3% during the 4th quarter. Manatuck Hill Partners LLC now owns 2,000,000 shares of the software maker’s stock valued at $10,000,000 after buying an additional 1,400,000 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Digital Turbine by 56.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker’s stock valued at $6,778,000 after buying an additional 846,116 shares during the period. Finally, Granahan Investment Management LLC boosted its stake in shares of Digital Turbine by 12.0% in the 1st quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock worth $20,484,000 after buying an additional 762,888 shares during the last quarter. Institutional investors own 63.66% of the company’s stock.

Digital Turbine Trading Up 0.1%

Shares of APPS stock opened at $11.81 on Friday. Digital Turbine, Inc. has a 1 year low of $2.74 and a 1 year high of $15.34. The firm has a fifty day moving average price of $10.61 and a 200-day moving average price of $7.31. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -45.42, a PEG ratio of 0.50 and a beta of 2.87.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. The firm had revenue of $165.98 million during the quarter, compared to analyst estimates of $149.98 million. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%. As a group, equities analysts predict that Digital Turbine, Inc. will post 0.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Bank of America raised Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Wednesday, May 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Turbine in a report on Wednesday, September 2nd. Roth Capital reissued a “buy” rating and issued a $17.50 target price on shares of Digital Turbine in a research report on Thursday, August 6th. Benchmark upped their price target on shares of Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen upgraded shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.75.

Digital Turbine Company Profile

Digital Turbine, Inc is a mobile advertising and application growth company that provides technology for advertisers, mobile operators, device manufacturers and app publishers. Its platform helps businesses promote, distribute and monetize mobile applications and digital content across smartphones and other connected devices.

The company’s offerings include on-device app discovery and recommendation tools, advertising inventory and exchange services, and technologies that support app installation and user engagement.