Digital Turbine, Inc. (NASDAQ:APPS) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its stake in shares of Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 295,032 shares of the software maker's stock after selling 177,300 shares during the period. Nuveen Asset Management LLC owned 0.28% of Digital Turbine worth $499,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Digital Turbine in the 4th quarter worth $28,000. Plancorp LLC acquired a new position in shares of Digital Turbine in the 4th quarter valued at approximately $35,000. Cetera Investment Advisers lifted its position in shares of Digital Turbine by 94.3% during the fourth quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock worth $46,000 after purchasing an additional 13,317 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Digital Turbine in the fourth quarter worth $54,000. Finally, Ieq Capital LLC bought a new stake in shares of Digital Turbine during the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 63.66% of the company's stock.

Analysts Set New Price Targets

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

Digital Turbine Price Performance

Shares of Digital Turbine stock traded down $0.50 on Monday, hitting $5.11. The company had a trading volume of 5,010,607 shares, compared to its average volume of 4,411,103. The company has a market cap of $536.59 million, a PE ratio of -1.69 and a beta of 2.58. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.06 and a quick ratio of 1.06. Digital Turbine, Inc. has a 52 week low of $1.18 and a 52 week high of $6.86. The business has a 50-day simple moving average of $3.63 and a 200-day simple moving average of $3.04.

Digital Turbine 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.