AIGH Capital Management LLC Takes $1.17 Million Position in Digital Turbine, Inc. (NASDAQ:APPS)

AIGH Capital Management LLC purchased a new position in shares of Digital Turbine, Inc. (NASDAQ:APPS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 430,849 shares of the software maker's stock, valued at approximately $1,170,000. AIGH Capital Management LLC owned 0.41% of Digital Turbine as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in APPS. Charles Schwab Investment Management Inc. grew its stake in shares of Digital Turbine by 14.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 886,508 shares of the software maker's stock valued at $1,498,000 after purchasing an additional 110,427 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Digital Turbine by 58.7% in the fourth quarter. Intech Investment Management LLC now owns 43,204 shares of the software maker's stock valued at $73,000 after purchasing an additional 15,977 shares during the period. Virtu Financial LLC acquired a new position in shares of Digital Turbine in the fourth quarter valued at approximately $336,000. American Century Companies Inc. increased its holdings in shares of Digital Turbine by 48.7% in the fourth quarter. American Century Companies Inc. now owns 119,586 shares of the software maker's stock valued at $202,000 after purchasing an additional 39,190 shares during the period. Finally, Perkins Capital Management Inc. increased its holdings in shares of Digital Turbine by 79.3% in the fourth quarter. Perkins Capital Management Inc. now owns 387,600 shares of the software maker's stock valued at $655,000 after purchasing an additional 171,400 shares during the period. Institutional investors and hedge funds own 63.66% of the company's stock.

Digital Turbine Price Performance

APPS stock traded down $0.16 on Tuesday, reaching $5.39. 5,063,465 shares of the company's stock were exchanged, compared to its average volume of 5,182,362. The stock has a fifty day moving average of $5.23 and a 200-day moving average of $3.91. Digital Turbine, Inc. has a twelve month low of $1.18 and a twelve month high of $7.77. The firm has a market cap of $581.90 million, a PE ratio of -6.06 and a beta of 2.57. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.66.

Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its quarterly earnings data on Monday, June 16th. The software maker reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Digital Turbine had a positive return on equity of 1.89% and a negative net margin of 18.61%. The firm had revenue of $119.15 million for the quarter, compared to analyst estimates of $116.64 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, equities analysts predict that Digital Turbine, Inc. will post -0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on APPS shares. Craig Hallum boosted their target price on Digital Turbine from $4.00 to $7.00 and gave the company a "buy" rating in a report on Tuesday, June 17th. Wall Street Zen raised Digital Turbine from a "hold" rating to a "buy" rating in a report on Saturday, June 21st.

Digital Turbine Company 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.