998,038 Shares in Digital Turbine, Inc. (NASDAQ:APPS) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new position in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 998,038 shares of the software maker's stock, valued at approximately $2,710,000. Segall Bryant & Hamill LLC owned approximately 0.95% of Digital Turbine at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Plancorp LLC bought a new stake in shares of Digital Turbine in the fourth quarter worth approximately $35,000. Cetera Investment Advisers boosted its holdings in shares of Digital Turbine by 94.3% in the fourth quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker's stock worth $46,000 after buying an additional 13,317 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Digital Turbine by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker's stock worth $46,000 after buying an additional 8,892 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Digital Turbine in the fourth quarter worth approximately $54,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Digital Turbine in the first quarter worth approximately $58,000. 63.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on APPS shares. Wall Street Zen raised shares of Digital Turbine from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Craig Hallum boosted their target price on shares of Digital Turbine from $4.00 to $7.00 and gave the stock a "buy" rating in a report on Tuesday, June 17th.

Digital Turbine Trading Up 3.3%

APPS stock traded up $0.17 during mid-day trading on Friday, reaching $5.37. 3,698,777 shares of the stock traded hands, compared to its average volume of 5,167,076. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.09 and a current ratio of 1.09. Digital Turbine, Inc. has a one year low of $1.18 and a one year high of $7.77. The stock has a market capitalization of $574.48 million, a PE ratio of -6.03 and a beta of 2.57. The business has a 50-day moving average price of $5.18 and a two-hundred day moving average price of $3.86.

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

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.