Nuveen Asset Management LLC Lowers Holdings in Digital Turbine, Inc. (NASDAQ:APPS)

Nuveen Asset Management LLC lowered its holdings in shares of Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,032 shares of the software maker's stock after selling 177,300 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.28% of Digital Turbine worth $499,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Acuitas Investments LLC purchased a new position in shares of Digital Turbine in the fourth quarter worth $140,000. Ieq Capital LLC bought a new stake in Digital Turbine in the 4th quarter valued at $55,000. P.A.W. Capital Corp lifted its stake in Digital Turbine by 33.3% in the 4th quarter. P.A.W. Capital Corp now owns 200,000 shares of the software maker's stock worth $338,000 after purchasing an additional 50,000 shares in the last quarter. Oppenheimer & Co. Inc. lifted its stake in Digital Turbine by 28.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 37,726 shares of the software maker's stock worth $64,000 after purchasing an additional 8,426 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Digital Turbine during the 4th quarter valued at about $28,000. 63.66% of the stock is owned by hedge funds and other institutional investors.

Digital Turbine Trading Up 13.1%

APPS stock opened at $5.01 on Friday. The firm has a fifty day moving average price of $3.57 and a 200 day moving average price of $2.99. Digital Turbine, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $6.86. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $526.09 million, a PE ratio of -1.65 and a beta of 2.41.

Analysts Set New Price Targets

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

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.

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