Deutsche Bank AG Invests $212,000 in Digital Turbine, Inc. $APPS

Key Points

• Deutsche Bank AG has acquired a new position in Digital Turbine, Inc. by purchasing 78,103 shares valued at approximately $212,000.
• Other institutional investors, including Barclays PLC and Bank of America, have also increased their stakes in Digital Turbine during the fourth quarter.
• Digital Turbine reported earnings of $0.05 per share, missing expectations, and its stock has fluctuated between a one-year low of $1.18 and a high of $7.77.

Deutsche Bank AG acquired a new stake in shares of Digital Turbine, Inc. (NASDAQ:APPS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 78,103 shares of the software maker's stock, valued at approximately $212,000. Deutsche Bank AG owned about 0.07% of Digital Turbine as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in Digital Turbine in the 1st quarter worth approximately $122,000. Vanguard Group Inc. boosted its stake in shares of Digital Turbine by 11.2% in the 1st quarter. Vanguard Group Inc. now owns 8,869,396 shares of the software maker's stock worth $24,080,000 after buying an additional 893,035 shares during the last quarter. AIGH Capital Management LLC bought a new stake in shares of Digital Turbine in the first quarter worth $1,170,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Digital Turbine during the first quarter valued at $1,271,000. Finally, Greenhaven Road Investment Management L.P. lifted its holdings in Digital Turbine by 467.1% in the first quarter. Greenhaven Road Investment Management L.P. now owns 1,025,951 shares of the software maker's stock valued at $2,785,000 after acquiring an additional 845,051 shares during the period. Institutional investors own 63.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Craig Hallum boosted their price target 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 shares of Digital Turbine from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Bank of America raised shares of Digital Turbine from an "underperform" rating to a "neutral" rating and upped their target price for the company from $4.50 to $5.50 in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $5.17.

Digital Turbine Price Performance

Shares of APPS stock traded up $0.04 on Thursday, hitting $4.24. 2,122,790 shares of the stock traded hands, compared to its average volume of 2,822,118. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.09 and a quick ratio of 1.09. Digital Turbine, Inc. has a 52 week low of $1.18 and a 52 week high of $7.77. The firm has a 50 day simple moving average of $4.94 and a two-hundred day simple moving average of $4.24. The firm has a market cap of $459.53 million, a price-to-earnings ratio of -5.51, a PEG ratio of 2.68 and a beta of 2.29.

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 (EPS) 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 business had revenue of $130.93 million during the quarter, compared to analysts' expectations of $121.94 million. Digital Turbine has set its FY 2026 guidance at EPS. As a group, equities research analysts predict that Digital Turbine, Inc. will post -0.03 earnings per share 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.