DLD Asset Management LP purchased a new position in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 100,000 shares of the software maker's stock, valued at approximately $272,000. DLD Asset Management LP owned 0.10% of Digital Turbine at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in shares of Digital Turbine in the first quarter worth $51,000. Thompson Davis & CO. Inc. purchased a new stake in Digital Turbine in the first quarter valued at $47,000. American Century Companies Inc. boosted its holdings in Digital Turbine by 37.3% in the first quarter. American Century Companies Inc. now owns 164,206 shares of the software maker's stock valued at $446,000 after purchasing an additional 44,620 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Digital Turbine during the 1st quarter worth about $45,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Digital Turbine by 29,604.4% during the 1st quarter. Russell Investments Group Ltd. now owns 821,327 shares of the software maker's stock valued at $2,230,000 after buying an additional 818,562 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.
Digital Turbine Price Performance
Shares of Digital Turbine stock traded up $0.37 on Friday, reaching $4.23. The company's stock had a trading volume of 2,423,831 shares, compared to its average volume of 4,410,558. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $458.45 million, a P/E ratio of -5.49, a PEG ratio of 2.46 and a beta of 2.57. The stock has a 50-day moving average price of $5.23 and a 200-day moving average price of $4.31. Digital Turbine, Inc. has a 52-week low of $1.18 and a 52-week high of $7.77.
Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The software maker reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). The business had revenue of $130.93 million for the quarter, compared to analyst estimates 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. Analysts expect that Digital Turbine, Inc. will post -0.03 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Craig Hallum upped their target price on Digital Turbine from $7.00 to $8.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Bank of America upgraded Digital Turbine from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $4.50 to $5.50 in a research note on Wednesday, August 6th. Finally, Wall Street Zen downgraded Digital Turbine from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $5.17.
Read Our Latest Report on APPS
Digital Turbine Company Profile
(
Free Report)
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.
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