Goldman Sachs Group Inc. Has $2.77 Million Stake in Digital Turbine, Inc. $APPS

Key Points

• Goldman Sachs Group Inc. increased its stake in Digital Turbine, Inc. by 74.8%, now holding over 1 million shares valued at approximately $2.77 million.
• Other large investors, including Vanguard Group and Bank of America, also significantly raised their positions in Digital Turbine during the recent quarters.
• Digital Turbine's shares experienced a 3.4% increase recently, with a current market capitalization of $598.26 million.

Goldman Sachs Group Inc. boosted its holdings in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 74.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,021,687 shares of the software maker's stock after buying an additional 437,310 shares during the period. Goldman Sachs Group Inc. owned approximately 0.96% of Digital Turbine worth $2,774,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of APPS. Bank of America Corp DE lifted its holdings in Digital Turbine by 55.6% in the fourth quarter. Bank of America Corp DE now owns 2,028,022 shares of the software maker's stock valued at $3,427,000 after buying an additional 724,297 shares during the period. Cetera Investment Advisers increased 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. Lazard Asset Management LLC acquired a new stake in Digital Turbine in the fourth quarter worth $54,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Digital Turbine by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,090 shares of the software maker's stock worth $93,000 after purchasing an additional 2,356 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Digital Turbine by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker's stock worth $46,000 after purchasing an additional 8,892 shares during the period. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Digital Turbine Stock Performance

Digital Turbine stock traded up $0.09 during midday trading on Tuesday, hitting $5.55. The company's stock had a trading volume of 274,102 shares, compared to its average volume of 5,475,848. Digital Turbine, Inc. has a 1-year low of $1.18 and a 1-year high of $7.77. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.09 and a quick ratio of 1.09. The company has a 50-day moving average price of $4.75 and a two-hundred day moving average price of $4.34. The company has a market cap of $600.97 million, a price-to-earnings ratio of -7.24, a PEG ratio of 3.52 and a beta of 2.29.

Digital Turbine (NASDAQ:APPS - Get Free Report) last issued its quarterly earnings data 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). Digital Turbine had a positive return on equity of 2.24% and a negative net margin of 15.93%.The business had revenue of $130.93 million during the quarter, compared to analyst estimates of $121.94 million. Digital Turbine has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APPS shares. Craig Hallum increased their target price on shares of Digital Turbine from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen lowered shares of Digital Turbine from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Bank of America upgraded shares of Digital Turbine from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $4.50 to $5.50 in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $5.17.

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.