Digital Turbine, Inc. (NASDAQ:APPS) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,105,953 shares of the software maker's stock after purchasing an additional 337,959 shares during the quarter. Two Sigma Investments LP owned about 2.01% of Digital Turbine worth $3,559,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Digital Turbine by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,090 shares of the software maker's stock worth $93,000 after acquiring an additional 2,356 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Digital Turbine by 28.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 37,726 shares of the software maker's stock worth $64,000 after acquiring an additional 8,426 shares during the last quarter. ProShare Advisors LLC increased its stake in Digital Turbine by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker's stock worth $46,000 after acquiring an additional 8,892 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Digital Turbine by 5.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 170,647 shares of the software maker's stock worth $289,000 after buying an additional 8,929 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of Digital Turbine by 94.3% during the fourth quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock worth $46,000 after buying an additional 13,317 shares during the period. Institutional investors and hedge funds own 63.66% of the company's stock.

Digital Turbine Price Performance

Shares of APPS traded down $0.22 on Tuesday, reaching $4.58. The stock had a trading volume of 3,202,240 shares, compared to its average volume of 4,337,798. The firm has a market capitalization of $480.93 million, a PE ratio of -1.51 and a beta of 2.41. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.50. The firm has a 50-day moving average of $3.50 and a 200 day moving average of $2.95. Digital Turbine, Inc. has a twelve month low of $1.18 and a twelve month high of $6.86.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Digital Turbine from a "hold" rating to a "sell" rating in a research report on Monday, March 24th.

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.