Digital Turbine, Inc. (NASDAQ:APPS - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $4.68, but opened at $4.90. Digital Turbine shares last traded at $4.97, with a volume of 708,030 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of Digital Turbine from a "hold" rating to a "sell" rating in a research report on Monday, March 24th.
View Our Latest Stock Analysis on Digital Turbine
Digital Turbine Stock Performance
The stock has a market capitalization of $500.67 million, a PE ratio of -1.57 and a beta of 2.58. 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 has a 50 day moving average of $3.89 and a 200-day moving average of $3.17.
Institutional Trading of Digital Turbine
Several institutional investors have recently made changes to their positions in APPS. Acuitas Investments LLC purchased a new stake in Digital Turbine in the 4th quarter worth approximately $140,000. Ieq Capital LLC acquired a new position in shares of Digital Turbine in the fourth quarter worth $55,000. P.A.W. Capital Corp raised its holdings in shares of Digital Turbine by 33.3% during the fourth quarter. P.A.W. Capital Corp now owns 200,000 shares of the software maker's stock worth $338,000 after acquiring an additional 50,000 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in Digital Turbine by 28.8% during the fourth 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 last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Digital Turbine in the fourth quarter valued at about $28,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.
Digital Turbine Company Profile
(
Get 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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