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

AIGH Capital Management LLC bought a new stake in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 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 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in APPS. Fuller & Thaler Asset Management Inc. bought a new position in Digital Turbine during the fourth quarter worth $490,000. P.A.W. Capital Corp boosted its holdings in shares of Digital Turbine by 175.0% in the 1st quarter. P.A.W. Capital Corp now owns 550,000 shares of the software maker's stock valued at $1,493,000 after buying an additional 350,000 shares during the period. Bank of America Corp DE grew its position in shares of Digital Turbine by 55.6% during the 4th quarter. Bank of America Corp DE now owns 2,028,022 shares of the software maker's stock valued at $3,427,000 after buying an additional 724,297 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Digital Turbine by 39.7% during the fourth quarter. JPMorgan Chase & Co. now owns 541,825 shares of the software maker's stock worth $916,000 after acquiring an additional 153,991 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Digital Turbine during the fourth quarter worth about $1,698,000. Institutional investors and hedge funds own 63.66% of the company's stock.

Analyst Upgrades and Downgrades

APPS has been the topic of several research reports. 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 note on Tuesday, June 17th. Wall Street Zen upgraded shares of Digital Turbine from a "hold" rating to a "buy" rating in a report on Saturday, June 21st.

Digital Turbine Stock Up 0.7%

Shares of APPS traded up $0.04 during mid-day trading on Thursday, hitting $5.39. 3,363,635 shares of the company's stock were exchanged, compared to its average volume of 6,024,223. Digital Turbine, Inc. has a twelve month low of $1.18 and a twelve month high of $7.77. The firm has a fifty day moving average of $5.24 and a two-hundred day moving average of $3.92. The stock has a market cap of $581.90 million, a price-to-earnings 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 posted its quarterly earnings data on Monday, June 16th. The software maker reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.05. The company had revenue of $119.15 million during the quarter, compared to analysts' expectations of $116.64 million. Digital Turbine had a positive return on equity of 1.89% and a negative net margin of 18.61%. During the same period in the prior year, the business earned $0.12 earnings per share. On average, sell-side analysts forecast that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.

About Digital Turbine

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.