Segall Bryant & Hamill LLC Buys New Holdings in Digital Turbine, Inc. (NASDAQ:APPS)

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

Several other institutional investors also recently modified their holdings of APPS. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 110,427 shares during the period. Intech Investment Management LLC raised its position in Digital Turbine by 58.7% during the fourth quarter. Intech Investment Management LLC now owns 43,204 shares of the software maker's stock worth $73,000 after acquiring an additional 15,977 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Digital Turbine in the fourth quarter valued at about $336,000. Plancorp LLC bought a new position in shares of Digital Turbine in the fourth quarter valued at about $35,000. Finally, American Century Companies Inc. grew its stake in shares of Digital Turbine by 48.7% in the fourth quarter. American Century Companies Inc. now owns 119,586 shares of the software maker's stock valued at $202,000 after acquiring an additional 39,190 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APPS. Craig Hallum increased their price objective on shares of Digital Turbine from $4.00 to $7.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Wall Street Zen upgraded shares of Digital Turbine from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st.

Digital Turbine Stock Down 2.9%

APPS traded down $0.16 during mid-day trading on Tuesday, reaching $5.39. 5,063,465 shares of the stock were exchanged, compared to its average volume of 5,182,359. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $581.90 million, a PE ratio of -6.06 and a beta of 2.57. The company has a 50 day moving average price of $5.23 and a two-hundred day moving average price of $3.91. Digital Turbine, Inc. has a 1 year low of $1.18 and a 1 year high of $7.77.

Digital Turbine (NASDAQ:APPS - Get Free Report) last released its 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. 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 in the previous year, the business posted $0.12 EPS. As a group, research analysts anticipate 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.