Assenagon Asset Management S.A. Has $82,000 Stock Position in Digital Turbine, Inc. (NASDAQ:APPS)

Assenagon Asset Management S.A. trimmed its holdings in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 79.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,316 shares of the software maker's stock after selling 119,088 shares during the period. Assenagon Asset Management S.A.'s holdings in Digital Turbine were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Digital Turbine in the 4th quarter valued at $28,000. Plancorp LLC acquired a new stake in Digital Turbine during the fourth quarter worth about $35,000. 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 raised its position in shares of Digital Turbine by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker's stock valued at $46,000 after buying an additional 8,892 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Digital Turbine during the 4th quarter worth approximately $54,000. 63.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Digital Turbine Price Performance

Shares of NASDAQ APPS traded up $0.38 during mid-day trading on Tuesday, hitting $5.51. 9,787,970 shares of the stock traded hands, compared to its average volume of 4,959,686. The company has a market cap of $589.46 million, a PE ratio of -6.19 and a beta of 2.58. Digital Turbine, Inc. has a twelve month low of $1.18 and a twelve month 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 firm has a 50 day simple moving average of $4.30 and a two-hundred day simple moving average of $3.36.

Digital Turbine (NASDAQ:APPS - Get Free Report) last released its quarterly earnings data on Monday, June 16th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $119.15 million during the quarter, compared to the consensus estimate of $116.64 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. As a group, equities research analysts forecast that Digital Turbine, Inc. will post -0.03 EPS for the current fiscal 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.