Bank of America Corp DE boosted its holdings in shares of Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 17.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,619,171 shares of the software maker's stock after buying an additional 535,169 shares during the period. Bank of America Corp DE owned approximately 3.02% of Digital Turbine worth $10,423,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Creative Planning raised its stake in shares of Digital Turbine by 9.4% in the third quarter. Creative Planning now owns 23,286 shares of the software maker's stock worth $149,000 after purchasing an additional 1,997 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Digital Turbine by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker's stock worth $156,000 after buying an additional 2,449 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Digital Turbine by 23.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,180 shares of the software maker's stock valued at $66,000 after buying an additional 2,536 shares during the last quarter. Legal & General Group Plc raised its position in Digital Turbine by 31.6% in the 2nd quarter. Legal & General Group Plc now owns 10,624 shares of the software maker's stock valued at $63,000 after buying an additional 2,550 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Digital Turbine by 22.5% during the 2nd quarter. Osaic Holdings Inc. now owns 18,073 shares of the software maker's stock valued at $107,000 after acquiring an additional 3,322 shares in the last quarter. 63.66% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on APPS. Craig Hallum reaffirmed a "buy" rating and set a $18.00 price objective on shares of Digital Turbine in a report on Wednesday, August 5th. Zacks Research lowered shares of Digital Turbine from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. Roth Capital reissued a "buy" rating and set a $17.50 price target on shares of Digital Turbine in a research report on Thursday, August 6th. Weiss Ratings cut shares of Digital Turbine from a "sell (d-)" rating to a "sell (e+)" rating in a report on Friday, June 5th. Finally, Benchmark upped their price objective on shares of Digital Turbine from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.75.
Check Out Our Latest Report on Digital Turbine
Digital Turbine Price Performance
Shares of NASDAQ APPS opened at $10.87 on Monday. The stock has a fifty day simple moving average of $10.52 and a two-hundred day simple moving average of $6.63. Digital Turbine, Inc. has a 1-year low of $2.74 and a 1-year high of $15.34. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -41.81, a price-to-earnings-growth ratio of 0.46 and a beta of 2.81. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.80.
Digital Turbine (NASDAQ:APPS - Get Free Report) last released its earnings results on Tuesday, August 4th. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.05. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%.The business had revenue of $165.98 million during the quarter, compared to the consensus estimate of $149.98 million. Analysts anticipate that Digital Turbine, Inc. will post 0.75 earnings per share for the current year.
Digital Turbine Profile
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Free Report)
Digital Turbine, Inc NASDAQ: APPS is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.
The company's flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.
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