Prescott Group Capital Management L.L.C. Purchases Shares of 220,000 Digital Turbine, Inc. (NASDAQ:APPS)

Prescott Group Capital Management L.L.C. purchased a new position in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 220,000 shares of the software maker's stock, valued at approximately $372,000. Prescott Group Capital Management L.L.C. owned about 0.21% of Digital Turbine at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Digital Turbine during the 4th quarter valued at $28,000. Ieq Capital LLC bought a new position in Digital Turbine in the 4th quarter worth $55,000. Creative Planning bought a new stake in shares of Digital Turbine in the third quarter valued at about $57,000. Oppenheimer & Co. Inc. raised its holdings in shares of Digital Turbine by 28.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 37,726 shares of the software maker's stock worth $64,000 after buying an additional 8,426 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Digital Turbine by 37.7% in the third quarter. US Bancorp DE now owns 26,561 shares of the software maker's stock valued at $82,000 after buying an additional 7,266 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

APPS has been the topic of a number of research reports. Bank of America lowered shares of Digital Turbine from a "neutral" rating to an "underperform" rating and cut their price target for the company from $3.50 to $1.00 in a research note on Friday, November 15th. StockNews.com cut Digital Turbine from a "hold" rating to a "sell" rating in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $2.38.

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Digital Turbine Stock Up 2.5 %

APPS traded up $0.07 during trading on Tuesday, reaching $2.88. The stock had a trading volume of 4,674,097 shares, compared to its average volume of 4,113,168. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.50. The company has a market capitalization of $302.42 million, a price-to-earnings ratio of -0.95 and a beta of 2.43. Digital Turbine, Inc. has a one year low of $1.18 and a one year high of $6.86. The stock's 50 day moving average is $3.18 and its two-hundred day moving average is $2.71.

Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.05 EPS for the quarter, missing analysts' consensus estimates 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%. As a group, analysts expect that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.

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.