Universal Beteiligungs und Servicegesellschaft mbH Invests $1.27 Million in Digital Turbine, Inc. (NASDAQ:APPS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 468,093 shares of Digital Turbine, Inc., valued at approximately $1.27 million, representing about 0.45% ownership in the company.
• Equity analysts have upgraded Digital Turbine's stock rating from "hold" to "buy" and increased the price target from $4.00 to $7.00.
• Digital Turbine recently reported earnings of $0.10 EPS, beating analysts' expectations and revealing a revenue of $119.15 million for the quarter.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 468,093 shares of the software maker's stock, valued at approximately $1,271,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.45% of Digital Turbine as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Pallas Capital Advisors LLC acquired a new position in shares of Digital Turbine in the first quarter worth $58,000. Cerity Partners LLC acquired a new position in shares of Digital Turbine in the first quarter worth $70,000. ProShare Advisors LLC raised 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 acquiring an additional 8,892 shares during the last quarter. Cetera Investment Advisers raised 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 acquiring an additional 13,317 shares during the last quarter. Finally, HBK Sorce Advisory LLC acquired a new position in Digital Turbine in the first quarter valued at $78,000. 63.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on APPS. Wall Street Zen upgraded Digital Turbine from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Craig Hallum upped their target price on Digital Turbine from $4.00 to $7.00 and gave the company a "buy" rating in a research note on Tuesday, June 17th.

Digital Turbine Trading Down 2.7%

NASDAQ:APPS traded down $0.16 on Tuesday, hitting $5.54. 4,934,901 shares of the stock were exchanged, compared to its average volume of 5,899,606. The stock has a market cap of $597.56 million, a PE ratio of -6.21 and a beta of 2.57. 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 stock has a fifty day moving average of $5.38 and a 200-day moving average of $4.14. Digital Turbine, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $7.77.

Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its quarterly earnings results on Monday, June 16th. The software maker reported $0.10 EPS for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $119.15 million during the quarter, compared to analyst estimates of $116.64 million. Digital Turbine had a positive return on equity of 1.89% and a negative net margin of 18.61%. During the same period in the prior year, the firm posted $0.12 earnings per share. As a group, equities analysts expect 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.