Baader Bank Aktiengesellschaft Has $1.26 Million Stock Holdings in Digital Turbine, Inc. (NASDAQ:APPS)

Baader Bank Aktiengesellschaft trimmed its stake in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 12.6% during the first quarter, according to its most recent 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 quarter. Baader Bank Aktiengesellschaft owned approximately 0.44% of Digital Turbine worth $1,262,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 valued at $93,000 after buying an additional 2,356 shares in the last quarter. Two Sigma Advisers LP grew its stake in Digital Turbine by 0.4% in the fourth quarter. Two Sigma Advisers LP now owns 1,641,974 shares of the software maker's stock valued at $2,775,000 after purchasing an additional 7,100 shares in the last quarter. ProShare Advisors LLC grew its stake in Digital Turbine by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker's stock valued at $46,000 after purchasing an additional 8,892 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Digital Turbine by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 170,647 shares of the software maker's stock valued at $289,000 after purchasing an additional 8,929 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Digital Turbine by 94.3% in the fourth quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock valued at $46,000 after purchasing an additional 13,317 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on APPS shares. Wall Street Zen upgraded Digital Turbine from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Craig Hallum boosted their target price on Digital Turbine from $4.00 to $7.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th.

Digital Turbine Stock Down 6.1%

Shares of NASDAQ:APPS traded down $0.33 on Friday, reaching $5.12. The company had a trading volume of 4,295,586 shares, compared to its average volume of 5,911,699. Digital Turbine, Inc. has a twelve month low of $1.18 and a twelve month high of $7.77. The stock has a 50-day moving average price of $5.32 and a 200 day moving average price of $4.04. The stock has a market capitalization of $552.76 million, a P/E ratio of -5.75 and a beta of 2.57. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.66.

Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its quarterly earnings results on Monday, June 16th. The software maker reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Digital Turbine had a positive return on equity of 1.89% and a negative net margin of 18.61%. The company had revenue of $119.15 million during the quarter, compared to analysts' expectations of $116.64 million. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, equities analysts expect 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.