Digital Turbine, Inc. (NASDAQ:APPS) Shares Acquired by Belpointe Asset Management LLC

Belpointe Asset Management LLC grew its stake in Digital Turbine, Inc. (NASDAQ:APPSFree Report) by 28.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,423 shares of the software maker’s stock after purchasing an additional 9,112 shares during the quarter. Belpointe Asset Management LLC’s holdings in Digital Turbine were worth $284,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its position in Digital Turbine by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,252 shares of the software maker’s stock worth $5,353,000 after acquiring an additional 60,539 shares during the last quarter. Swiss National Bank boosted its position in Digital Turbine by 1.8% during the third quarter. Swiss National Bank now owns 219,800 shares of the software maker’s stock worth $1,330,000 after acquiring an additional 3,800 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in 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 acquiring an additional 7,081 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in 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 acquiring an additional 4,691 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Digital Turbine by 0.5% during the third quarter. Vanguard Group Inc. now owns 12,247,455 shares of the software maker’s stock worth $74,097,000 after acquiring an additional 64,412 shares during the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

Analysts Set New Price Targets

APPS has been the topic of a number of recent research reports. Craig Hallum lowered their price target on shares of Digital Turbine from $10.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. Roth Mkm reduced their target price on shares of Digital Turbine from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, May 29th. Finally, StockNews.com raised shares of Digital Turbine from a “sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.17.

Check Out Our Latest Stock Report on Digital Turbine

Digital Turbine Stock Down 3.0 %

Shares of APPS stock opened at $1.60 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.79. The firm’s 50-day moving average is $2.06 and its two-hundred day moving average is $3.86. Digital Turbine, Inc. has a 12 month low of $1.57 and a 12 month high of $11.46.

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.

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

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