Digital Turbine, Inc. $APPS Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Digital Turbine by 9.7%, holding approximately 800,197 shares, valued at $2.17 million.
• Digital Turbine's stock received a mix of upgrades and downgrades from various analysts, with a price target increase by Bank of America from $4.50 to $5.50.
• The company reported a quarterly EPS of $0.05, missing the consensus estimate of $0.10 but achieving revenues of $130.93 million, exceeding expectations.

Charles Schwab Investment Management Inc. lessened its holdings in shares of Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 800,197 shares of the software maker's stock after selling 86,311 shares during the period. Charles Schwab Investment Management Inc. owned 0.76% of Digital Turbine worth $2,173,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of APPS. Cetera Investment Advisers grew its position in shares of Digital Turbine by 94.3% during 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 last quarter. ProShare Advisors LLC grew its position in shares of Digital Turbine by 49.0% during 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 during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Digital Turbine during the 4th quarter valued at about $54,000. Pallas Capital Advisors LLC bought a new stake in shares of Digital Turbine during the 1st quarter valued at about $58,000. Finally, Lido Advisors LLC grew its position in shares of Digital Turbine by 68.1% during the 4th quarter. Lido Advisors LLC now owns 37,130 shares of the software maker's stock valued at $63,000 after buying an additional 15,039 shares during the last quarter. Institutional investors own 63.66% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on APPS shares. Wall Street Zen downgraded shares of Digital Turbine from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Craig Hallum upped their target price on shares of Digital Turbine from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Bank of America upgraded shares of Digital Turbine from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $4.50 to $5.50 in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.17.

Digital Turbine Price Performance

Shares of NASDAQ:APPS traded up $0.05 during trading on Wednesday, reaching $4.20. The company had a trading volume of 922,533 shares, compared to its average volume of 5,660,989. The firm's fifty day moving average is $4.98 and its 200 day moving average is $4.25. The firm has a market capitalization of $455.07 million, a PE ratio of -5.45, a price-to-earnings-growth ratio of 2.68 and a beta of 2.29. 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 2.63, a quick ratio of 1.09 and a current ratio of 1.09.

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

Digital Turbine Company 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.