Digital Turbine, Inc. $APPS Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,378,047 shares of the software maker’s stock after purchasing an additional 47,812 shares during the quarter. Geode Capital Management LLC owned approximately 2.19% of Digital Turbine worth $14,033,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of APPS. Goldman Sachs Group Inc. lifted its stake in shares of 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 worth $2,774,000 after buying an additional 437,310 shares in the last quarter. S Squared Technology LLC raised its holdings in Digital Turbine by 241.2% in the 1st quarter. S Squared Technology LLC now owns 730,326 shares of the software maker’s stock valued at $1,983,000 after acquiring an additional 516,266 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Digital Turbine in the 2nd quarter worth approximately $12,031,000. Versor Investments LP acquired a new position in shares of Digital Turbine during the 2nd quarter worth approximately $333,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Digital Turbine by 29,604.4% during the 1st quarter. Russell Investments Group Ltd. now owns 821,327 shares of the software maker’s stock worth $2,230,000 after purchasing an additional 818,562 shares during the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Stock Performance

Shares of Digital Turbine stock opened at $4.70 on Tuesday. The firm has a market cap of $527.11 million, a PE ratio of -6.44, a price-to-earnings-growth ratio of 1.41 and a beta of 2.30. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.66. Digital Turbine, Inc. has a 52 week low of $1.40 and a 52 week high of $8.28. The business’s fifty day simple moving average is $5.89 and its 200-day simple moving average is $5.30.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. Digital Turbine had a positive return on equity of 12.12% and a negative net margin of 14.59%.The firm had revenue of $140.38 million during the quarter, compared to the consensus estimate of $142.00 million. Equities analysts forecast that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.

Analysts Set New Price Targets

APPS has been the subject of several recent research reports. Bank of America raised Digital Turbine from an “underperform” rating to a “neutral” rating and increased their price target for the company from $4.50 to $5.50 in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Digital Turbine in a research note on Monday, November 17th. Wall Street Zen lowered Digital Turbine from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research raised shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Craig Hallum restated a “buy” rating and set a $10.00 price objective on shares of Digital Turbine in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.75.

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.