Voya Investment Management LLC Sells 3,220 Shares of Digital Turbine, Inc. $APPS

Voya Investment Management LLC lowered its position in Digital Turbine, Inc. (NASDAQ:APPS) by 10.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,267 shares of the software maker’s stock after selling 3,220 shares during the period. Voya Investment Management LLC’s holdings in Digital Turbine were worth $71,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in APPS. Vanguard Group Inc. raised its holdings in shares of Digital Turbine by 11.2% during the first quarter. Vanguard Group Inc. now owns 8,869,396 shares of the software maker’s stock worth $24,080,000 after acquiring an additional 893,035 shares during the period. Greenhaven Road Investment Management L.P. raised its holdings in shares of Digital Turbine by 467.1% during the first quarter. Greenhaven Road Investment Management L.P. now owns 1,025,951 shares of the software maker’s stock worth $2,785,000 after acquiring an additional 845,051 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Digital Turbine by 74.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock worth $2,774,000 after acquiring an additional 437,310 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Digital Turbine during the first quarter worth $2,710,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Digital Turbine by 29,604.4% during the first quarter. Russell Investments Group Ltd. now owns 821,327 shares of the software maker’s stock worth $2,230,000 after acquiring an additional 818,562 shares during the period. Institutional investors own 63.66% of the company’s stock.

Wall Street Analyst Weigh In

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

Digital Turbine Stock Up 2.0%

Shares of APPS stock opened at $6.53 on Thursday. 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, Inc. has a 1 year low of $1.18 and a 1 year high of $7.77. The firm’s fifty day moving average price is $4.81 and its two-hundred day moving average price is $4.45. The firm has a market capitalization of $707.72 million, a P/E ratio of -8.48, a PEG ratio of 4.09 and a beta of 2.56.

Digital Turbine (NASDAQ:APPS) last issued 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). Digital Turbine had a negative net margin of 15.93% and a positive return on equity of 2.24%. The business had revenue of $130.93 million during the quarter, compared to analyst estimates of $121.94 million. Digital Turbine has set its FY 2026 guidance at EPS. On average, equities analysts predict that Digital Turbine, Inc. will post -0.03 EPS for the current fiscal year.

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.