Marshall Wace LLP Makes New Investment in Digital Turbine, Inc. (NASDAQ:APPS)

Marshall Wace LLP acquired a new position in shares of Digital Turbine, Inc. (NASDAQ:APPS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,004,883 shares of the software maker's stock, valued at approximately $1,698,000. Marshall Wace LLP owned about 0.96% of Digital Turbine as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of APPS. JPMorgan Chase & Co. raised its position in Digital Turbine by 719.6% in the third quarter. JPMorgan Chase & Co. now owns 387,834 shares of the software maker's stock worth $1,191,000 after purchasing an additional 340,512 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in Digital Turbine during the fourth quarter worth $372,000. Virtu Financial LLC bought a new stake in shares of Digital Turbine in the 4th quarter worth about $336,000. Geode Capital Management LLC grew its position in Digital Turbine by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,334,648 shares of the software maker's stock worth $7,169,000 after acquiring an additional 181,032 shares during the last quarter. Finally, Perkins Capital Management Inc. lifted its position in shares of Digital Turbine by 79.3% during the fourth quarter. Perkins Capital Management Inc. now owns 387,600 shares of the software maker's stock worth $655,000 after purchasing an additional 171,400 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of 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 issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $2.38.

Digital Turbine Stock Up 3.0 %

Shares of Digital Turbine stock traded up $0.09 during trading hours on Friday, reaching $3.10. 1,939,098 shares of the company's stock were exchanged, compared to its average volume of 4,237,412. The stock has a market cap of $325.52 million, a P/E ratio of -1.02 and a beta of 2.48. The company has a 50 day moving average of $3.07 and a two-hundred day moving average of $2.71. 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, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $6.86.

Digital Turbine (NASDAQ:APPS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.05 earnings per share 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, sell-side analysts forecast that Digital Turbine, Inc. will post -0.03 EPS for the current fiscal 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.