Janney Montgomery Scott LLC Takes $988,000 Position in Digital Turbine, Inc. (NASDAQ:APPS)

Janney Montgomery Scott LLC purchased a new stake in shares of Digital Turbine, Inc. (NASDAQ:APPSFree Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 144,094 shares of the software maker’s stock, valued at approximately $988,000. Janney Montgomery Scott LLC owned 0.14% of Digital Turbine as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of APPS. GAMMA Investing LLC purchased a new position in shares of Digital Turbine during the fourth quarter worth about $43,000. Blue Trust Inc. grew its holdings in shares of Digital Turbine by 87.6% during the fourth quarter. Blue Trust Inc. now owns 9,093 shares of the software maker’s stock worth $62,000 after purchasing an additional 4,245 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Digital Turbine by 194.3% during the third quarter. PNC Financial Services Group Inc. now owns 10,725 shares of the software maker’s stock worth $65,000 after purchasing an additional 7,081 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Digital Turbine by 70.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 16,792 shares of the software maker’s stock worth $102,000 after purchasing an additional 6,914 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Digital Turbine by 35.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 17,976 shares of the software maker’s stock worth $123,000 after purchasing an additional 4,691 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors.

Digital Turbine Stock Up 4.3 %

Shares of APPS opened at $1.94 on Friday. The firm has a market cap of $197.92 million, a P/E ratio of -0.47, a P/E/G ratio of 5.51 and a beta of 2.54. The stock has a 50 day simple moving average of $2.19 and a two-hundred day simple moving average of $4.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.07 and a quick ratio of 1.07. Digital Turbine, Inc. has a 1 year low of $1.78 and a 1 year high of $11.46.

Analyst Ratings Changes

Several brokerages have recently commented on APPS. StockNews.com raised Digital Turbine from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Craig Hallum cut their price objective on Digital Turbine from $10.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Roth Mkm cut their target price on Digital Turbine from $3.00 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Digital Turbine currently has a consensus rating of “Hold” and a consensus price target of $5.17.

Read Our Latest Research Report on Digital Turbine

Digital Turbine Company Profile

(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.

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Institutional Ownership by Quarter for Digital Turbine (NASDAQ:APPS)

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