Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment 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) during the 1st quarter, according to the company in its most recent 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 filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new position in Digital Turbine in the fourth quarter worth approximately $490,000. P.A.W. Capital Corp grew its position in Digital Turbine by 175.0% in the first quarter. P.A.W. Capital Corp now owns 550,000 shares of the software maker's stock worth $1,493,000 after buying an additional 350,000 shares during the last quarter. Bank of America Corp DE grew its position in Digital Turbine by 55.6% in the fourth quarter. Bank of America Corp DE now owns 2,028,022 shares of the software maker's stock worth $3,427,000 after buying an additional 724,297 shares during the last quarter. JPMorgan Chase & Co. grew its position in Digital Turbine by 39.7% in the fourth quarter. JPMorgan Chase & Co. now owns 541,825 shares of the software maker's stock worth $916,000 after buying an additional 153,991 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Digital Turbine during the 4th quarter worth approximately $1,698,000. Institutional investors and hedge funds own 63.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Craig Hallum lifted their price objective on shares of Digital Turbine from $4.00 to $7.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Wall Street Zen upgraded shares of Digital Turbine from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st.

Digital Turbine Trading Up 9.2%

NASDAQ APPS opened at $5.45 on Friday. Digital Turbine, Inc. has a twelve month low of $1.18 and a twelve month high of $7.77. 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 cap of $588.38 million, a price-to-earnings ratio of -6.12 and a beta of 2.57. The firm's 50 day moving average price is $5.32 and its two-hundred day moving average price is $4.04.

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, beating analysts' consensus estimates 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 negative net margin of 18.61% and a positive return on equity of 1.89%. During the same quarter last year, the business posted $0.12 EPS. Equities 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.

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