AIGH Capital Management LLC Makes New $1.17 Million Investment in Digital Turbine, Inc. (NASDAQ:APPS)

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

Several other institutional investors have also made changes to their positions in the stock. Cetera Investment Advisers increased its holdings in Digital Turbine by 94.3% in the 4th quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock valued at $46,000 after buying an additional 13,317 shares during the period. ProShare Advisors LLC boosted its position in Digital Turbine by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker's stock worth $46,000 after buying an additional 8,892 shares during the period. Lazard Asset Management LLC acquired a new stake in Digital Turbine during the 4th quarter worth approximately $54,000. Pallas Capital Advisors LLC acquired a new stake in Digital Turbine during the 1st quarter worth approximately $58,000. Finally, Lido Advisors LLC boosted its position in Digital Turbine by 68.1% during the 4th quarter. Lido Advisors LLC now owns 37,130 shares of the software maker's stock worth $63,000 after buying an additional 15,039 shares during the period. 63.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on APPS shares. Wall Street Zen upgraded shares of Digital Turbine from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Craig Hallum increased their price objective on shares of Digital Turbine from $4.00 to $7.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th.

Digital Turbine Trading Down 0.3%

Shares of APPS traded down $0.02 during trading hours on Friday, hitting $5.37. 1,477,299 shares of the stock were exchanged, compared to its average volume of 5,991,710. Digital Turbine, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $7.77. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day moving average of $5.26 and a 200-day moving average of $3.95. The firm has a market capitalization of $580.16 million, a P/E ratio of -6.03 and a beta of 2.57.

Digital Turbine (NASDAQ:APPS - Get Free Report) last issued its earnings results on Monday, June 16th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $119.15 million for the quarter, compared to analyst estimates of $116.64 million. Digital Turbine had a negative net margin of 18.61% and a positive return on equity of 1.89%. During the same period in the prior year, the firm earned $0.12 earnings per share. On average, research analysts expect that Digital Turbine, Inc. will post -0.03 EPS 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.