Dimensional Fund Advisors LP Has $534,000 Stake in Digital Turbine, Inc. (NASDAQ:APPS)

Dimensional Fund Advisors LP decreased its holdings in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 14.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 315,429 shares of the software maker’s stock after selling 53,463 shares during the quarter. Dimensional Fund Advisors LP owned 0.30% of Digital Turbine worth $534,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of APPS. Marshall Wace LLP bought a new stake in shares of Digital Turbine during the fourth quarter worth about $1,698,000. Barclays PLC grew its holdings in shares of Digital Turbine by 9.4% during the fourth quarter. Barclays PLC now owns 276,483 shares of the software maker’s stock worth $467,000 after purchasing an additional 23,810 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Digital Turbine during the fourth quarter worth about $77,000. JPMorgan Chase & Co. grew its holdings in shares of Digital Turbine by 39.7% during the fourth quarter. JPMorgan Chase & Co. now owns 541,825 shares of the software maker’s stock worth $916,000 after purchasing an additional 153,991 shares during the last quarter. Finally, Perkins Capital Management Inc. grew its holdings in shares of Digital Turbine by 79.3% during the fourth quarter. Perkins Capital Management Inc. now owns 387,600 shares of the software maker’s stock worth $655,000 after purchasing an additional 171,400 shares during the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Digital Turbine from a “hold” rating to a “sell” rating in a report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $2.38.

Digital Turbine Stock Performance

Shares of APPS stock opened at $4.62 on Friday. The business’s 50 day simple moving average is $3.22 and its 200 day simple moving average is $2.76. Digital Turbine, Inc. has a one year low of $1.18 and a one year high of $6.86. The stock has a market capitalization of $485.13 million, a PE ratio of -1.52 and a beta of 2.41. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.06 and a quick ratio of 1.06.

About Digital Turbine

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.