Headlands Technologies LLC Buys New Shares in Digital Turbine, Inc. $APPS

Headlands Technologies LLC bought a new position in Digital Turbine, Inc. (NASDAQ:APPS) in the second quarter, Holdings Channel.com reports. The firm bought 99,387 shares of the software maker’s stock, valued at approximately $1,282,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Digital Turbine by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock valued at $156,000 after purchasing an additional 2,449 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Digital Turbine by 74.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock worth $2,774,000 after purchasing an additional 437,310 shares during the last quarter. Strs Ohio acquired a new stake in shares of Digital Turbine during the first quarter worth about $41,000. Creative Planning lifted its holdings in shares of Digital Turbine by 39.2% during the second quarter. Creative Planning now owns 21,289 shares of the software maker’s stock worth $126,000 after purchasing an additional 5,991 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Digital Turbine by 272.0% in the second quarter. JPMorgan Chase & Co. now owns 686,327 shares of the software maker’s stock valued at $4,049,000 after buying an additional 501,829 shares during the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

Digital Turbine Trading Down 3.0%

Digital Turbine stock opened at $10.76 on Tuesday. The firm has a market cap of $1.30 billion, a PE ratio of -41.38, a P/E/G ratio of 0.47 and a beta of 2.81. Digital Turbine, Inc. has a 12 month low of $2.74 and a 12 month high of $15.34. The stock’s 50 day simple moving average is $10.75 and its two-hundred day simple moving average is $6.91. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.80.

Digital Turbine (NASDAQ:APPS) last posted its earnings results on Tuesday, August 4th. The software maker reported $0.19 earnings per share for the quarter, beating 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 firm had revenue of $165.98 million during the quarter, compared to analyst estimates of $149.98 million. Analysts anticipate that Digital Turbine, Inc. will post 0.75 earnings per share for the current year.

Wall Street Analyst Weigh In

APPS has been the subject of a number of recent research reports. 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. Roth Capital reaffirmed a “buy” rating and issued a $17.50 price objective on shares of Digital Turbine in a report on Thursday, August 6th. Craig Hallum reiterated a “buy” rating and issued a $18.00 price objective on shares of Digital Turbine in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Benchmark upped 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. 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 stock. Based on data from MarketBeat.com, 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.