Globeflex Capital L P Takes Position in Digital Turbine, Inc. $APPS

Globeflex Capital L P acquired a new stake in Digital Turbine, Inc. (NASDAQ:APPS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 367,860 shares of the software maker’s stock, valued at approximately $4,745,000. Globeflex Capital L P owned about 0.30% of Digital Turbine at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Digital Turbine by 56.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker’s stock worth $6,778,000 after buying an additional 846,116 shares during the last quarter. Granahan Investment Management LLC grew its position in Digital Turbine by 12.0% in the first quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock valued at $20,484,000 after acquiring an additional 762,888 shares during the last quarter. AIGH Capital Management LLC bought a new position in Digital Turbine in the first quarter valued at about $14,100,000. GC Wealth Management RIA LLC raised its stake in Digital Turbine by 41.9% during the first quarter. GC Wealth Management RIA LLC now owns 576,273 shares of the software maker’s stock worth $1,660,000 after acquiring an additional 170,134 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Digital Turbine during the first quarter worth about $1,283,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Digital Turbine Stock Performance

Digital Turbine stock opened at $10.87 on Monday. The business has a 50 day moving average of $10.52 and a 200-day moving average of $6.63. The company has a market capitalization of $1.32 billion, a P/E ratio of -41.81, a P/E/G ratio of 0.46 and a beta of 2.81. Digital Turbine, Inc. has a 1 year low of $2.74 and a 1 year high of $15.34. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.20 and a quick ratio of 1.20.

Digital Turbine (NASDAQ:APPS) last posted its earnings results on Tuesday, August 4th. The software maker reported $0.19 EPS for the quarter, topping the consensus estimate of $0.14 by $0.05. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. The business had revenue of $165.98 million for the quarter, compared to the consensus estimate of $149.98 million. On average, equities research analysts predict that Digital Turbine, Inc. will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on APPS shares. Benchmark lifted their price target on shares of Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings lowered shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Bank of America raised shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Wednesday, May 27th. Zacks Research downgraded shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wall Street Zen cut Digital Turbine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Digital Turbine has an average rating of “Moderate Buy” and a consensus target price of $14.75.

Digital Turbine Company Profile

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.