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PAW Capital Corp cut its position in Digital Turbine, Inc. (NASDAQ:APPS – Get Rating) stock by 22.2% in the third quarter, according to its latest 13F filing with the Securities and Exchange Commission. The company owned 140,000 shares of the software maker after selling 40,000 of his shares during the period. Digital Turbine accounts for about 3.0% of his PAW Capital Corp portfolio, making it the 11th largest holding. PAW Capital Corp owned approximately 0.14% of Digital Turbine valued at $2,017,000 at the end of the most recent reporting period.
Many other institutional investors and hedge funds have also recently changed positions in the company. Advisors Asset Management Inc. increased his Digital Turbine stake by 1.8% in the first quarter. After acquiring an additional 495 shares during this period, Advisors Asset Management Inc. now owns 27,375 shares of the software maker’s stock valued at $1,199,000. Yousif Capital Management LLC increased his stake in Digital Turbine by 1.4% in the first quarter. After acquiring an additional 630 shares during this period, Yousif Capital Management LLC now owns 46,436 shares of the software maker’s stock valued at $2,034,000. Cetera Investment Advisers upped Digital Turbine’s shares by 5.5% in the first quarter. Cetera Investment Advisers now owns 13,123 shares in the software maker worth $575,000 after purchasing an additional 687 shares during the previous quarter. Texas Permanent School Fund increased its shares in Digital Turbine by 1.4% in the third quarter. The Texas Permanent School Fund now owns 64,563 shares of the software maker worth $930,000 after purchasing an additional 917 shares last quarter. Finally, Lazard Asset Management LLC increased its stake in Digital Turbine by 86.6% in the second quarter. Lazard Asset Management LLC now owns 2,110 shares in the software maker, valued at $36,000, after purchasing an additional 979 shares last quarter. Institutional investors own 62.45% of the company’s shares.
Analyst upgrades and downgrades
Several equity analysts have recently commented on APPS stock. Roth Capital lowered its price target for Digital Turbine stock to $20.00 from his $32.00 in a research note on Monday, Oct. 31. B. Riley lowered his price target on Digital Turbine stock from his $33.00 to $28.00 in a research report on Wednesday, Oct. 5, setting a “buy” rating for the company. StockNews.com upgraded Digital Turbine’s stock from a ‘sell’ rating to a ‘pending’ rating in a research report on Tuesday, November 22nd. Oppenheimer lowered his price target on Digital Turbine shares from $32.00 to $19.00 in a research report on Tuesday, Oct. 4, setting the company’s valuation at “outperform.” Finally, Bank of America featured Digital Turbine shares in its research report on Monday, Oct. 17. They set a “buy” rating for the company and his $24.00 price target. One analyst rated the stock with a holding rating and four assigned a buy rating to the company’s stock. According to MarketBeat.com data, the current consensus rating for the stock is “moderate buy” with a consensus target price of $26.83.
Digital Turbine inventory increased by 0.2%
NASDAQ:APPS rose $0.03 during Friday’s trading hours to reach $16.61. The company had a trading volume of 10,909 shares for him and an average trading volume for him of 1,699,045 shares. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt to equity ratio of 0.76. The company has a market capitalization of $1.64 billion, a price/earnings ratio of 31.89, a P/E/G ratio of 1.00 and a beta of 2.39. His 50-day simple moving average for this business is $15.96 and his 200-day simple moving average is $17.16. Digital Turbine, Inc. has a 12-month low of $10.65 and a 12-month high of $55.68.
Digital Turbine (NASDAQ:APPS – Get Rating) last reported quarterly results on Wednesday, November 9th. The software maker reported EPS of $0.28 for the quarter, beating analysts’ consensus forecast of $0.26 by $0.02. The business generated revenue of $174.86 million for the quarter, compared with analyst estimates of $173.67 million. Digital Turbine had a net profit margin of 5.82% and a return on equity of 26.56%. On average, an equity analyst expects Digital Turbine, Inc.’s earnings per share to be 1.15 this year.
About Digital Turbine
(get rating)
Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers and original equipment manufacturers (OEMs) of devices. The company operates in his three segments: on-device media, in-app media – AdColony, and in-app media – Fyber. Its application media platform delivers mobile applications to a wide variety of publishers, carriers, OEMs and devices. and content media platforms offer news, weather, sports, and other content, as well as programmatic advertising, sponsored and editorial content media.
References
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