1,523,068 Shares in Digital Turbine, Inc. $APPS Acquired by AIGH Capital Management LLC

AIGH Capital Management LLC bought a new stake in shares of Digital Turbine, Inc. (NASDAQ:APPS) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,523,068 shares of the software maker’s stock, valued at approximately $9,748,000. Digital Turbine makes up approximately 2.7% of AIGH Capital Management LLC’s portfolio, making the stock its 14th biggest position. AIGH Capital Management LLC owned approximately 1.36% of Digital Turbine as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Digital Turbine by 179.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,163,124 shares of the software maker’s stock worth $18,662,000 after buying an additional 2,033,216 shares in the last quarter. G2 Investment Partners Management LLC bought a new position in shares of Digital Turbine in the second quarter worth about $8,341,000. Invesco Ltd. grew its holdings in Digital Turbine by 240.9% during the 2nd quarter. Invesco Ltd. now owns 1,295,618 shares of the software maker’s stock valued at $7,644,000 after buying an additional 915,536 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Digital Turbine by 272.0% during the second quarter. JPMorgan Chase & Co. now owns 686,327 shares of the software maker’s stock worth $4,049,000 after acquiring an additional 501,829 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Digital Turbine by 74.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock worth $2,774,000 after purchasing an additional 437,310 shares during the period. Institutional investors own 63.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on APPS shares. Craig Hallum reissued a “buy” rating and set a $10.00 target price on shares of Digital Turbine in a research report on Wednesday, November 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Digital Turbine in a research report on Monday, December 29th. Wall Street Zen downgraded Digital Turbine from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Zacks Research cut Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Digital Turbine currently has an average rating of “Hold” and an average target price of $7.75.

Digital Turbine Trading Up 1.9%

Shares of APPS stock opened at $5.27 on Friday. Digital Turbine, Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $8.28. The stock has a market capitalization of $591.03 million, a P/E ratio of -7.22, a price-to-earnings-growth ratio of 1.52 and a beta of 2.24. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.10 and a current ratio of 1.10. The company has a 50 day moving average price of $4.98 and a 200 day moving average price of $5.26.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Tuesday, November 4th. The software maker reported $0.15 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $140.38 million for the quarter, compared to analyst estimates of $142.00 million. Equities research analysts predict that Digital Turbine, Inc. will post -0.03 EPS for the current fiscal year.

About Digital Turbine

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.