Deutsche Bank AG Acquires Shares of 78,103 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 bought a new position in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Segall Bryant & Hamill LLC purchased a new position in Digital Turbine during the 1st quarter valued at about $2,710,000. Vanguard Group Inc. raised its stake in shares of Digital Turbine by 11.2% during the 1st quarter. Vanguard Group Inc. now owns 8,869,396 shares of the software maker's stock worth $24,080,000 after acquiring an additional 893,035 shares in the last quarter. Greenhaven Road Investment Management L.P. increased its position in shares of Digital Turbine by 467.1% during the first quarter. Greenhaven Road Investment Management L.P. now owns 1,025,951 shares of the software maker's stock worth $2,785,000 after purchasing an additional 845,051 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Digital Turbine by 55.6% during the 4th quarter. Bank of America Corp DE now owns 2,028,022 shares of the software maker's stock valued at $3,427,000 after purchasing an additional 724,297 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Digital Turbine in the 1st quarter worth $1,271,000. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Digital Turbine Stock Up 1.1%

NASDAQ APPS traded up $0.05 during trading on Wednesday, reaching $4.20. 1,004,639 shares of the company's stock were exchanged, compared to its average volume of 5,661,379. The company has a 50 day moving average price of $4.98 and a two-hundred day moving average price of $4.25. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $454.63 million, a P/E ratio of -5.44, a price-to-earnings-growth ratio of 2.68 and a beta of 2.29. Digital Turbine, Inc. has a 1 year low of $1.18 and a 1 year high of $7.77.

Digital Turbine (NASDAQ:APPS - Get Free Report) last released 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). The firm had revenue of $130.93 million for the quarter, compared to analysts' expectations of $121.94 million. Digital Turbine had a positive return on equity of 2.24% and a negative net margin of 15.93%. Digital Turbine has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Digital Turbine, Inc. will post -0.03 EPS for the current fiscal year.

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.