Rhumbline Advisers Trims Stock Holdings in Digital Turbine, Inc. $APPS

Rhumbline Advisers lowered its holdings in Digital Turbine, Inc. (NASDAQ:APPS) by 4.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 147,201 shares of the software maker’s stock after selling 6,066 shares during the period. Rhumbline Advisers owned about 0.14% of Digital Turbine worth $400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strs Ohio purchased a new position in Digital Turbine in the first quarter valued at about $41,000. Caitong International Asset Management Co. Ltd purchased a new position in Digital Turbine in the first quarter valued at about $45,000. Cetera Investment Advisers boosted its holdings in Digital Turbine by 94.3% in the fourth quarter. Cetera Investment Advisers now owns 27,436 shares of the software maker’s stock valued at $46,000 after purchasing an additional 13,317 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Digital Turbine by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 27,024 shares of the software maker’s stock worth $46,000 after buying an additional 8,892 shares during the last quarter. Finally, Thompson Davis & CO. Inc. bought a new position in Digital Turbine during the 1st quarter worth approximately $47,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on APPS shares. Bank of America raised Digital Turbine from an “underperform” rating to a “neutral” rating and increased their target price for the stock 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 report on Saturday, August 9th. Finally, Craig Hallum increased their target price on Digital Turbine from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.17.

Digital Turbine Trading Down 2.7%

Shares of NASDAQ APPS opened at $5.34 on Thursday. The company has a market cap of $578.75 million, a price-to-earnings ratio of -6.94, a price-to-earnings-growth ratio of 3.51 and a beta of 2.29. Digital Turbine, Inc. has a 12-month low of $1.18 and a 12-month high of $7.77. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.63. The stock’s 50 day simple moving average is $4.76 and its 200 day simple moving average is $4.35.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Tuesday, August 5th. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.05). The company had revenue of $130.93 million during 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. Equities research analysts expect that Digital Turbine, Inc. will post -0.03 EPS for the current year.

Digital Turbine 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.