P.A.W. Capital Corp Sells 170,000 Shares of Digital Turbine, Inc. $APPS

P.A.W. Capital Corp decreased its position in Digital Turbine, Inc. (NASDAQ:APPS) by 30.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 380,000 shares of the software maker’s stock after selling 170,000 shares during the quarter. Digital Turbine comprises approximately 4.3% of P.A.W. Capital Corp’s holdings, making the stock its 9th largest position. P.A.W. Capital Corp’s holdings in Digital Turbine were worth $2,242,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of APPS. Harbor Capital Advisors Inc. bought a new stake in Digital Turbine in the second quarter worth about $12,031,000. Vanguard Group Inc. grew its stake in shares of Digital Turbine by 11.2% in the 1st quarter. Vanguard Group Inc. now owns 8,869,396 shares of the software maker’s stock worth $24,080,000 after purchasing an additional 893,035 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Digital Turbine by 29,604.4% in the 1st quarter. Russell Investments Group Ltd. now owns 821,327 shares of the software maker’s stock worth $2,230,000 after purchasing an additional 818,562 shares during the last quarter. S Squared Technology LLC raised its holdings in shares of Digital Turbine by 241.2% in the 1st quarter. S Squared Technology LLC now owns 730,326 shares of the software maker’s stock worth $1,983,000 after purchasing an additional 516,266 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Digital Turbine during the first quarter valued at approximately $1,271,000. Institutional investors own 63.66% of the company’s stock.

Digital Turbine Trading Up 0.4%

Shares of NASDAQ:APPS opened at $4.75 on Wednesday. The firm has a fifty day moving average of $5.97 and a two-hundred day moving average of $5.26. The firm has a market capitalization of $532.71 million, a P/E ratio of -6.51, a price-to-earnings-growth ratio of 1.39 and a beta of 2.55. Digital Turbine, Inc. has a 12-month low of $1.18 and a 12-month high of $8.28. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.66.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, November 4th. The software maker reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. Digital Turbine had a negative net margin of 14.59% and a positive return on equity of 12.12%. The business had revenue of $140.38 million for the quarter, compared to the consensus estimate of $142.00 million. On average, equities analysts expect that Digital Turbine, Inc. will post -0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APPS. Craig Hallum restated a “buy” rating and issued a $10.00 price target on shares of Digital Turbine in a research report on Wednesday, November 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Digital Turbine in a report on Monday. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Bank of America upgraded Digital Turbine from an “underperform” rating to a “neutral” rating and increased their target price for the company from $4.50 to $5.50 in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded Digital Turbine from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Digital Turbine has an average rating of “Moderate Buy” and an average target price of $7.75.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.