Baader Bank Aktiengesellschaft Has $1.50 Million Stock Position in Digital Turbine, Inc. $APPS

Key Points

• Baader Bank Aktiengesellschaft significantly reduced its holdings in Digital Turbine, Inc. by 45.3%, selling 210,614 shares during the second quarter, leaving it with 0.24% ownership valued at $1,496,000.
• Several hedge funds have increased their stakes in Digital Turbine, notably Bank of America Corp DE, which boosted its holdings by 55.6% in the fourth quarter.
• Analysts have mixed views on Digital Turbine, with one analyst maintaining a buy rating while others have issued hold ratings, as the stock currently has an average target price of $5.17.

Baader Bank Aktiengesellschaft lowered its stake in shares of Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 45.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,386 shares of the software maker's stock after selling 210,614 shares during the quarter. Baader Bank Aktiengesellschaft owned about 0.24% of Digital Turbine worth $1,496,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Digital Turbine by 55.6% in the fourth quarter. Bank of America Corp DE now owns 2,028,022 shares of the software maker's stock valued at $3,427,000 after acquiring an additional 724,297 shares during the period. Cetera Investment Advisers lifted its position in Digital Turbine by 94.3% in the fourth quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock worth $46,000 after purchasing an additional 13,317 shares during the period. Lazard Asset Management LLC acquired a new position in Digital Turbine during the fourth quarter worth $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Digital Turbine by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,090 shares of the software maker's stock worth $93,000 after acquiring an additional 2,356 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Digital Turbine by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker's stock worth $46,000 after acquiring an additional 8,892 shares in the last quarter. Institutional investors own 63.66% of the company's stock.

Digital Turbine Stock Down 1.1%

Shares of NASDAQ APPS traded down $0.06 during trading hours on Monday, hitting $5.46. The company had a trading volume of 2,501,454 shares, compared to its average volume of 3,023,052. The firm's 50 day moving average is $4.75 and its 200-day moving average is $4.34. Digital Turbine, Inc. has a 1-year low of $1.18 and a 1-year high of $7.77. The stock has a market capitalization of $591.75 million, a P/E ratio of -7.09, a price-to-earnings-growth ratio of 3.52 and a beta of 2.29. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.63.

Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05). Digital Turbine had a negative net margin of 15.93% and a positive return on equity of 2.24%. The business had revenue of $130.93 million for the quarter, compared to analyst estimates of $121.94 million. Digital Turbine has set its FY 2026 guidance at EPS. On average, analysts expect that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APPS has been the subject of a number of research reports. Craig Hallum raised their target price on Digital Turbine from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen lowered Digital Turbine from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Bank of America upgraded Digital Turbine from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $4.50 to $5.50 in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $5.17.

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.