Virtu Financial LLC Makes New Investment in Digital Turbine, Inc. (NASDAQ:APPS)

Virtu Financial LLC bought a new position in shares of Digital Turbine, Inc. (NASDAQ:APPS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 198,567 shares of the software maker’s stock, valued at approximately $336,000. Virtu Financial LLC owned 0.19% of Digital Turbine as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in Digital Turbine during the fourth quarter worth about $28,000. Ieq Capital LLC bought a new stake in shares of Digital Turbine in the 4th quarter worth approximately $55,000. Oppenheimer & Co. Inc. boosted its position in Digital Turbine by 28.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 37,726 shares of the software maker’s stock valued at $64,000 after purchasing an additional 8,426 shares during the period. Intech Investment Management LLC grew its stake in Digital Turbine by 58.7% during the 4th quarter. Intech Investment Management LLC now owns 43,204 shares of the software maker’s stock worth $73,000 after buying an additional 15,977 shares during the last quarter. Finally, Acuitas Investments LLC acquired a new stake in Digital Turbine in the fourth quarter worth $140,000. 63.66% of the stock is currently owned by institutional investors.

Digital Turbine Stock Down 5.8 %

Shares of Digital Turbine stock opened at $3.09 on Friday. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.06 and a quick ratio of 1.06. Digital Turbine, Inc. has a 1-year low of $1.18 and a 1-year high of $6.86. The business’s fifty day moving average price is $3.57 and its two-hundred day moving average price is $2.72. The company has a market capitalization of $324.47 million, a P/E ratio of -1.02 and a beta of 2.43.

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 analysts’ consensus estimates of $0.13 by ($0.08). Digital Turbine had a negative net margin of 64.06% and a positive return on equity of 3.41%. As a group, research analysts forecast that Digital Turbine, Inc. will post -0.03 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Digital Turbine from a “hold” rating to a “sell” rating in a report on Monday. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.38.

Digital Turbine 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.