Digital Turbine, Inc. (NASDAQ:APPS) Shares Purchased by P.A.W. Capital Corp

P.A.W. Capital Corp lifted its holdings in Digital Turbine, Inc. (NASDAQ:APPS) by 33.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 200,000 shares of the software maker’s stock after purchasing an additional 50,000 shares during the period. Digital Turbine makes up 0.6% of P.A.W. Capital Corp’s holdings, making the stock its 17th biggest holding. P.A.W. Capital Corp owned approximately 0.19% of Digital Turbine worth $338,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APPS. Creative Planning acquired a new position in shares of Digital Turbine in the third quarter valued at approximately $57,000. Blue Trust Inc. grew its holdings in shares of Digital Turbine by 104.1% in the third quarter. Blue Trust Inc. now owns 8,169 shares of the software maker’s stock valued at $25,000 after purchasing an additional 4,167 shares in the last quarter. Ballentine Partners LLC acquired a new position in Digital Turbine during the 3rd quarter worth approximately $43,000. US Bancorp DE grew its holdings in Digital Turbine by 37.7% during the 3rd quarter. US Bancorp DE now owns 26,561 shares of the software maker’s stock worth $82,000 after acquiring an additional 7,266 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in Digital Turbine by 4.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,970,928 shares of the software maker’s stock worth $6,051,000 after acquiring an additional 77,185 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on APPS. Macquarie lowered their price target on shares of Digital Turbine from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. StockNews.com upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a report on Wednesday, February 12th. Bank of America cut shares of Digital Turbine from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $3.50 to $1.00 in a report on Friday, November 15th. Finally, Craig Hallum lowered their price target on shares of Digital Turbine from $5.00 to $4.00 and set a “buy” rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Digital Turbine has an average rating of “Hold” and an average price target of $2.38.

Digital Turbine Stock Down 11.7 %

Shares of NASDAQ:APPS opened at $4.23 on Friday. The company has a market capitalization of $444.19 million, a PE ratio of -1.40 and a beta of 2.38. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.50. Digital Turbine, Inc. has a twelve month low of $1.18 and a twelve month high of $6.86. The firm has a 50 day simple moving average of $2.82 and a 200-day simple moving average of $2.71.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.08). Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. On average, equities analysts predict that Digital Turbine, Inc. will post -0.03 EPS for the current fiscal year.

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.