Baader Bank Aktiengesellschaft Decreases Stock Holdings in Digital Turbine, Inc. (NASDAQ:APPS)

Baader Bank Aktiengesellschaft lowered its stake in shares of Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 465,000 shares of the software maker's stock after selling 67,325 shares during the period. Baader Bank Aktiengesellschaft owned 0.44% of Digital Turbine worth $1,262,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of APPS. AIGH Capital Management LLC bought a new position in Digital Turbine in the 1st quarter worth approximately $1,170,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Digital Turbine in the 1st quarter worth approximately $1,271,000. Greenhaven Road Investment Management L.P. boosted its holdings in Digital Turbine by 467.1% in the 1st quarter. Greenhaven Road Investment Management L.P. now owns 1,025,951 shares of the software maker's stock worth $2,785,000 after buying an additional 845,051 shares during the period. Segall Bryant & Hamill LLC bought a new position in Digital Turbine in the 1st quarter worth approximately $2,710,000. Finally, CWM LLC boosted its holdings in Digital Turbine by 532.2% in the 1st quarter. CWM LLC now owns 42,570 shares of the software maker's stock worth $116,000 after buying an additional 35,836 shares during the period. Hedge funds and other institutional investors own 63.66% of the company's stock.

Digital Turbine Price Performance

Shares of NASDAQ APPS traded down $0.33 during mid-day trading on Friday, reaching $5.12. 4,297,300 shares of the company were exchanged, compared to its average volume of 3,433,581. Digital Turbine, Inc. has a 52 week low of $1.18 and a 52 week high of $7.77. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $552.76 million, a PE ratio of -5.75 and a beta of 2.57. The company's 50 day moving average price is $5.35 and its 200 day moving average price is $4.09.

Digital Turbine (NASDAQ:APPS - Get Free Report) last posted its quarterly earnings data on Monday, June 16th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Digital Turbine had a negative net margin of 18.61% and a positive return on equity of 1.89%. The company had revenue of $119.15 million during the quarter, compared to the consensus estimate of $116.64 million. During the same period in the previous year, the firm posted $0.12 EPS. Sell-side analysts forecast that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APPS. Wall Street Zen raised shares of Digital Turbine from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Craig Hallum raised their price target on shares of Digital Turbine from $4.00 to $7.00 and gave the company a "buy" rating in a report on Tuesday, June 17th.

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.