Nuveen LLC Acquires New Stake in Digital Turbine, Inc. $APPS

Nuveen LLC bought a new position in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 431,642 shares of the software maker's stock, valued at approximately $1,172,000. Nuveen LLC owned approximately 0.41% of Digital Turbine at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of APPS. Barclays PLC boosted its position in shares of Digital Turbine by 9.4% in the 4th quarter. Barclays PLC now owns 276,483 shares of the software maker's stock valued at $467,000 after purchasing an additional 23,810 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Digital Turbine by 5.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 170,647 shares of the software maker's stock worth $289,000 after acquiring an additional 8,929 shares during the period. Lido Advisors LLC grew its position in Digital Turbine by 68.1% in the fourth quarter. Lido Advisors LLC now owns 37,130 shares of the software maker's stock valued at $63,000 after acquiring an additional 15,039 shares during the period. Bank of America Corp DE raised its position in Digital Turbine by 55.6% in the 4th quarter. Bank of America Corp DE now owns 2,028,022 shares of the software maker's stock valued at $3,427,000 after purchasing an additional 724,297 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Digital Turbine by 94.3% in the 4th quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock valued at $46,000 after buying an additional 13,317 shares during the period. 63.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Digital Turbine Price Performance

Digital Turbine stock traded up $0.05 during mid-day trading on Wednesday, hitting $4.20. 1,921,135 shares of the company traded hands, compared to its average volume of 3,852,849. The stock has a market cap of $455.20 million, a price-to-earnings ratio of -5.45, a price-to-earnings-growth ratio of 2.68 and a beta of 2.29. The stock has a fifty day moving average price of $4.96 and a 200-day moving average price of $4.25. Digital Turbine, Inc. has a one year low of $1.18 and a one year high of $7.77. The company has a debt-to-equity ratio of 2.63, a quick ratio of 1.09 and a current ratio of 1.09.

Digital Turbine (NASDAQ:APPS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The software maker reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $130.93 million for the quarter, compared to analysts' expectations of $121.94 million. Digital Turbine has set its FY 2026 guidance at EPS. On average, equities analysts predict that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.

About Digital Turbine

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.