290,200 Shares in Digital Turbine, Inc. (NASDAQ:APPS) Bought by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. bought a new position in Digital Turbine, Inc. (NASDAQ:APPS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 290,200 shares of the software maker's stock, valued at approximately $490,000. Fuller & Thaler Asset Management Inc. owned approximately 0.28% of Digital Turbine at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in APPS. SBI Securities Co. Ltd. purchased a new stake in Digital Turbine during the fourth quarter valued at about $28,000. Plancorp LLC acquired a new stake in shares of Digital Turbine during the fourth quarter valued at approximately $35,000. Ieq Capital LLC purchased a new stake in shares of Digital Turbine in the 4th quarter valued at approximately $55,000. Oppenheimer & Co. Inc. boosted its stake in Digital Turbine by 28.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 37,726 shares of the software maker's stock worth $64,000 after purchasing an additional 8,426 shares during the period. Finally, Intech Investment Management LLC grew its position in Digital Turbine by 58.7% during the 4th quarter. Intech Investment Management LLC now owns 43,204 shares of the software maker's stock worth $73,000 after purchasing an additional 15,977 shares in the last quarter. 63.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Digital Turbine from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Digital Turbine currently has a consensus rating of "Hold" and an average price target of $2.38.

Digital Turbine Stock Down 5.4 %

APPS stock traded down $0.17 during midday trading on Wednesday, reaching $3.00. The company had a trading volume of 2,705,952 shares, compared to its average volume of 4,232,471. The company has a 50 day moving average of $3.09 and a two-hundred day moving average of $2.71. The company has a market capitalization of $315.02 million, a P/E ratio of -0.99 and a beta of 2.48. Digital Turbine, Inc. has a 1 year low of $1.18 and a 1 year high of $6.86. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.50.

Digital Turbine (NASDAQ:APPS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.08). Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. On average, equities research analysts expect that Digital Turbine, Inc. will post -0.03 earnings per share 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.