Fuller & Thaler Asset Management Inc. Takes $490,000 Position in Digital Turbine, Inc. (NASDAQ:APPS)

Fuller & Thaler Asset Management Inc. acquired a new position in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 290,200 shares of the software maker's stock, valued at approximately $490,000. Fuller & Thaler Asset Management Inc. owned 0.28% of Digital Turbine at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall Wace LLP purchased a new position in shares of Digital Turbine during the 4th quarter valued at $1,698,000. JPMorgan Chase & Co. grew its position in Digital Turbine by 719.6% during the third quarter. JPMorgan Chase & Co. now owns 387,834 shares of the software maker's stock worth $1,191,000 after buying an additional 340,512 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in Digital Turbine during the fourth quarter worth about $372,000. Virtu Financial LLC purchased a new stake in shares of Digital Turbine in the 4th quarter valued at about $336,000. Finally, Geode Capital Management LLC boosted its position in shares of Digital Turbine by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,334,648 shares of the software maker's stock valued at $7,169,000 after acquiring an additional 181,032 shares during the last quarter. Institutional investors own 63.66% of the company's stock.

Digital Turbine Stock Up 0.3 %

APPS opened at $3.39 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.50. The business's fifty day simple moving average is $3.18 and its 200 day simple moving average is $2.71. Digital Turbine, Inc. has a 52 week low of $1.18 and a 52 week high of $6.86. The stock has a market cap of $355.97 million, a PE ratio of -1.12 and a beta of 2.48.

Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.05 EPS for the quarter, missing the consensus estimate 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 expect that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Digital Turbine from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Digital Turbine has a consensus rating of "Hold" and an average price target of $2.38.

About Digital Turbine

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.

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