1 week Ago By ABMN Staff
Bank of Montreal Can purchased a new stake in Digital Turbine, Inc. ( NASDAQ:APPS – Free Report ) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 45,836 shares of the software maker’s stock, valued at approximately $77,000.
Several other institutional investors and hedge funds have also bought and sold shares of APPS. SBI Securities Co. Ltd.
purchased a new stake in shares of Digital Turbine during the 4th quarter valued at $28,000. Plancorp LLC bought a new position in Digital Turbine in the fourth quarter valued at $35,000. Ieq Capital LLC purchased a new stake in Digital Turbine during the fourth quarter valued at about $55,000.
Oppenheimer & Co. Inc. lifted its stake in Digital Turbine by 28.
8% during the fourth 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 last quarter. Finally, Intech Investment Management LLC boosted its holdings in shares of Digital Turbine by 58.7% in 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 currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth Separately, StockNews.com cut Digital Turbine from a “hold” rating to a “sell” rating in a report on Monday, March 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company.
Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $2.38.
Digital Turbine Trading Up 0.3 % NASDAQ APPS opened at $3.39 on Friday.
The firm has a market capitalization of $355.97 million, a PE ratio of -1.12 and a beta of 2.
48. The stock’s 50 day moving average is $3.18 and its 200 day moving average is $2.
71. Digital Turbine, Inc. has a twelve month low of $1.
18 and a twelve month high of $6.86. The company has a quick ratio of 1.
06, a current ratio of 1.06 and a debt-to-equity ratio of 2.50.
Digital Turbine ( NASDAQ:APPS – Get Free Report ) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
13 by ($0.08). Digital Turbine had a negative net margin of 64.
06% and a positive return on equity of 3.41%. Research analysts forecast that Digital Turbine, Inc.
will post -0.03 earnings per share for the current fiscal year. About Digital Turbine ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding APPS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Digital Turbine, Inc. ( NASDAQ:APPS – Free Report ). Receive News & Ratings for Digital Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Turbine and related companies with MarketBeat.
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