P.A.W. Capital Corp Increases Stake in Digital Turbine, Inc. (NASDAQ:APPS)

P.A.W. Capital Corp grew its holdings in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 175.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 550,000 shares of the software maker's stock after purchasing an additional 350,000 shares during the quarter. Digital Turbine makes up approximately 3.7% of P.A.W. Capital Corp's holdings, making the stock its 11th biggest holding. P.A.W. Capital Corp owned about 0.52% of Digital Turbine worth $1,493,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. boosted its position in Digital Turbine by 28.8% during the fourth 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 during the period. SBI Securities Co. Ltd. bought a new position in Digital Turbine during the fourth quarter worth $28,000. Charles Schwab Investment Management Inc. boosted its position in shares of Digital Turbine by 14.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 886,508 shares of the software maker's stock valued at $1,498,000 after acquiring an additional 110,427 shares during the period. Prescott Group Capital Management L.L.C. bought a new stake in shares of Digital Turbine in the fourth quarter valued at about $372,000. Finally, Intech Investment Management LLC boosted its position in shares of Digital Turbine by 58.7% in the fourth quarter. Intech Investment Management LLC now owns 43,204 shares of the software maker's stock valued at $73,000 after acquiring an additional 15,977 shares during the period. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APPS has been the topic of several research reports. Wall Street Zen upgraded Digital Turbine from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Craig Hallum increased their price target on Digital Turbine from $4.00 to $7.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th.

Digital Turbine Stock Up 2.8%

Shares of APPS traded up $0.16 during trading hours on Friday, reaching $6.01. The stock had a trading volume of 3,750,036 shares, compared to its average volume of 5,100,482. Digital Turbine, Inc. has a 12 month low of $1.18 and a 12 month high of $7.77. The firm has a 50-day simple moving average of $4.72 and a 200 day simple moving average of $3.57. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.66. The company has a market capitalization of $643.38 million, a price-to-earnings ratio of -6.76 and a beta of 2.57.

Digital Turbine (NASDAQ:APPS - Get Free Report) last issued its earnings results on Monday, June 16th. The software maker reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Digital Turbine had a positive return on equity of 1.89% and a negative net margin of 18.61%. The company had revenue of $119.15 million for the quarter, compared to analysts' expectations of $116.64 million. During the same period last year, the business earned $0.12 EPS. Equities research analysts predict that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.

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.