Wipfli Financial Advisors LLC Takes $38,000 Position in Digital Turbine, Inc. (NASDAQ:APPS)

Wipfli Financial Advisors LLC bought a new stake in shares of Digital Turbine, Inc. (NASDAQ:APPS – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,609 shares of the software maker’s stock, valued at approximately $38,000.

Several other large investors have also recently modified their holdings of APPS. Rice Hall James & Associates LLC purchased a new stake in Digital Turbine in the first quarter worth $21,530,000. Raymond James & Associates increased its stake in Digital Turbine by 37.6% in the first quarter. Raymond James & Associates now owns 53,074 shares of the software maker’s stock worth $2,325,000 after purchasing an additional 14,493 shares during the period. American Century Companies Inc. increased its stake in Digital Turbine by 39.4% in the first quarter. American Century Companies Inc. now owns 27,009 shares of the software maker’s stock worth $1,183,000 after purchasing an additional 7,634 shares during the period. Cetera Advisor Networks LLC purchased a new stake in Digital Turbine in the first quarter worth $324,000. Finally, Rhumbline Advisers increased its stake in Digital Turbine by 3.4% in the first quarter. Rhumbline Advisers now owns 239,498 shares of the software maker’s stock worth $10,492,000 after purchasing an additional 7,843 shares during the period. Institutional investors own 62.45% of the company’s stock.

Digital Turbine Price Performance

Shares of APPS stock opened at $16.52 on Wednesday. Digital Turbine, Inc. has a 1-year low of $10.65 and a 1-year high of $55.68. The stock’s 50-day moving average is $16.24 and its 200 day moving average is $17.14. The company has a market cap of $1.64 billion, a P/E ratio of 31.77, a PEG ratio of 1.05 and a beta of 2.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 1.17.

Digital Turbine (NASDAQ:APPS – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The software maker reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. Digital Turbine had a return on equity of 26.56% and a net margin of 5.82%. The company had revenue of $174.86 million for the quarter, compared to the consensus estimate of $173.67 million. Research analysts predict that Digital Turbine, Inc. will post 1.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

APPS has been the topic of a number of recent analyst reports. StockNews.com upgraded Digital Turbine from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Roth Capital dropped their price target on Digital Turbine from $32.00 to $20.00 in a research report on Monday, October 31st. Bank of America initiated coverage on Digital Turbine in a research report on Monday, October 17th. They set a “buy” rating and a $24.00 price target on the stock. Oppenheimer dropped their price target on Digital Turbine from $32.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 4th. Finally, Craig Hallum dropped their price target on Digital Turbine from $60.00 to $30.00 in a research report on Thursday, November 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.83.

About Digital Turbine

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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 three segments: On Device Media, In App Media – AdColony, and In App Media – Fyber. 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 sponsored and editorial content media.