Digital Turbine, Inc. $APPS Stock Position Raised by S Squared Technology LLC

Key Points

• S Squared Technology LLC significantly increased its stake in Digital Turbine, boosting its position by 241.2% to own 730,326 shares worth approximately $1.98 million.
• Several institutional investors including Russell Investments Group and Vanguard Group have been actively buying shares, indicating strong institutional interest with 63.66% of the stock owned by such investors.
• Digital Turbine reported earnings per share of $0.05, falling short of analyst expectations, while revenue of $130.93 million exceeded estimates of $121.94 million, and the stock currently holds a consensus rating of "Hold".

S Squared Technology LLC grew its position in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) by 241.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 730,326 shares of the software maker's stock after purchasing an additional 516,266 shares during the period. S Squared Technology LLC owned approximately 0.70% of Digital Turbine worth $1,983,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in Digital Turbine by 74.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker's stock worth $2,774,000 after purchasing an additional 437,310 shares during the last quarter. Tenzing Global Management LLC bought a new position in shares of Digital Turbine in the first quarter valued at approximately $950,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Digital Turbine by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker's stock valued at $156,000 after acquiring an additional 2,449 shares in the last quarter. Granahan Investment Management LLC bought a new position in shares of Digital Turbine in the first quarter valued at approximately $585,000. Finally, Ieq Capital LLC boosted its holdings in shares of Digital Turbine by 373.6% in the first quarter. Ieq Capital LLC now owns 154,279 shares of the software maker's stock valued at $419,000 after acquiring an additional 121,700 shares in the last quarter. Institutional investors own 63.66% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on APPS. Craig Hallum increased their price objective on shares of Digital Turbine from $7.00 to $8.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wall Street Zen cut 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 price objective for the company 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. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $5.17.

Digital Turbine Price Performance

APPS stock traded up $0.13 on Thursday, hitting $4.56. 3,330,150 shares of the company's stock traded hands, compared to its average volume of 2,559,109. Digital Turbine, Inc. has a 1-year low of $1.18 and a 1-year high of $7.77. The stock has a market cap of $494.21 million, a price-to-earnings ratio of -5.92, a P/E/G ratio of 2.83 and a beta of 2.29. The stock has a fifty day moving average of $4.80 and a 200-day moving average of $4.23. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.63.

Digital Turbine (NASDAQ:APPS - Get Free Report) last released its earnings results on Tuesday, August 5th. The software maker reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). Digital Turbine had a negative net margin of 15.93% and a positive return on equity of 2.24%. The business had revenue of $130.93 million for the quarter, compared to analyst estimates of $121.94 million. Digital Turbine has set its FY 2026 guidance at EPS. On average, analysts forecast that Digital Turbine, Inc. will post -0.03 EPS 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.