Belpointe Asset Management LLC Has $37,000 Position in Digital Turbine, Inc. $APPS

Belpointe Asset Management LLC lessened its position in Digital Turbine, Inc. (NASDAQ:APPS) by 18.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,573 shares of the software maker’s stock after selling 3,085 shares during the quarter. Belpointe Asset Management LLC’s holdings in Digital Turbine were worth $37,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of APPS. S Squared Technology LLC grew its stake in shares of Digital Turbine by 241.2% during the 1st quarter. S Squared Technology LLC now owns 730,326 shares of the software maker’s stock worth $1,983,000 after acquiring an additional 516,266 shares in the last quarter. Goldman Sachs Group Inc. grew its position in 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 valued at $2,774,000 after purchasing an additional 437,310 shares in the last quarter. Tenzing Global Management LLC acquired a new stake in Digital Turbine in the 1st quarter valued at $950,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Digital Turbine by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock valued at $156,000 after buying an additional 2,449 shares during the last quarter. Finally, Granahan Investment Management LLC bought a new stake in Digital Turbine during the 1st quarter worth about $585,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

Digital Turbine Stock Up 6.2%

APPS opened at $5.34 on Wednesday. The stock’s fifty day simple moving average is $4.75 and its 200 day simple moving average is $4.27. Digital Turbine, Inc. has a 1-year low of $1.18 and a 1-year high of $7.77. The stock has a market cap of $578.75 million, a PE ratio of -6.94, a price-to-earnings-growth ratio of 3.21 and a beta of 2.29. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.63.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Tuesday, August 5th. The software maker reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). The company had revenue of $130.93 million for the quarter, compared to the consensus estimate of $121.94 million. Digital Turbine had a positive return on equity of 2.24% and a negative net margin of 15.93%. Digital Turbine has set its FY 2026 guidance at EPS. As a group, research analysts expect that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

APPS has been the subject of several analyst reports. Bank of America upgraded Digital Turbine from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $4.50 to $5.50 in a report on Wednesday, August 6th. Wall Street Zen downgraded Digital Turbine from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Craig Hallum boosted their price target on Digital Turbine from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.17.

Digital Turbine Company Profile

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.