Virtu Financial LLC bought a new position in shares of Digital Turbine, Inc. (NASDAQ:APPS - Free Report) in the 4th quarter, according to its most recent disclosure with the 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 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in APPS. Intech Investment Management LLC raised its holdings in Digital Turbine by 58.7% in the 4th quarter. Intech Investment Management LLC now owns 43,204 shares of the software maker's stock valued at $73,000 after acquiring an additional 15,977 shares during the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in shares of Digital Turbine during the 4th quarter worth $372,000. Charles Schwab Investment Management Inc. increased its position in shares of Digital Turbine by 14.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 886,508 shares of the software maker's stock worth $1,498,000 after purchasing an additional 110,427 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Digital Turbine during the fourth quarter worth about $28,000. Finally, Oppenheimer & Co. Inc. raised its stake 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 valued at $64,000 after acquiring an additional 8,426 shares during the period. Hedge funds and other institutional investors own 63.66% of the company's stock.
Digital Turbine Stock Up 4.1 %
Shares of NASDAQ:APPS traded up $0.11 during trading hours on Tuesday, reaching $2.82. The stock had a trading volume of 4,079,389 shares, compared to its average volume of 4,139,817. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.06 and a current ratio of 1.06. The firm's 50 day moving average is $3.60 and its 200-day moving average is $2.72. The stock has a market capitalization of $296.12 million, a price-to-earnings ratio of -0.93 and a beta of 2.43. Digital Turbine, Inc. has a 1 year low of $1.18 and a 1 year high of $6.86.
Digital Turbine (NASDAQ:APPS - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 64.06% and a positive return on equity of 3.41%. Research analysts predict that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, StockNews.com lowered 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 given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $2.38.
View Our Latest Analysis on APPS
Digital Turbine Company Profile
(
Free Report)
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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