BNP Paribas Financial Markets trimmed its position in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 58.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,351 shares of the software maker's stock after selling 126,345 shares during the period. BNP Paribas Financial Markets owned about 0.09% of Digital Turbine worth $154,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APPS. SBI Securities Co. Ltd. acquired a new position in shares of Digital Turbine in the fourth quarter valued at approximately $28,000. Plancorp LLC purchased a new stake in Digital Turbine in the 4th quarter worth approximately $35,000. Ieq Capital LLC purchased a new stake in Digital Turbine in the 4th quarter worth approximately $55,000. Lido Advisors LLC raised its holdings in Digital Turbine by 68.1% in the 4th quarter. Lido Advisors LLC now owns 37,130 shares of the software maker's stock valued at $63,000 after acquiring an additional 15,039 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in Digital Turbine by 28.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 37,726 shares of the software maker's stock valued at $64,000 after acquiring an additional 8,426 shares during the last quarter. 63.66% of the stock is currently owned by hedge funds and other institutional investors.
Digital Turbine Trading Down 3.3%
Shares of APPS traded down $0.15 during mid-day trading on Wednesday, reaching $4.43. The company had a trading volume of 4,850,032 shares, compared to its average volume of 4,347,044. Digital Turbine, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $6.86. The firm has a fifty day simple moving average of $3.53 and a 200-day simple moving average of $2.96. The stock has a market cap of $465.18 million, a price-to-earnings ratio of -1.46 and a beta of 2.41. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.50.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Digital Turbine from a "hold" rating to a "sell" rating in a report on Monday, March 24th.
Check Out Our Latest Stock Analysis on APPS
About Digital Turbine
(
Free Report)
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.
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