Citigroup Inc. Grows Stock Holdings in Digital Turbine, Inc. $APPS

Citigroup Inc. increased its position in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 642.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,825 shares of the software maker’s stock after purchasing an additional 274,169 shares during the period. Citigroup Inc. owned 0.28% of Digital Turbine worth $2,028,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new stake in Digital Turbine in the third quarter valued at $31,000. Smartleaf Asset Management LLC purchased a new position in shares of Digital Turbine in the 2nd quarter valued at about $57,000. Legal & General Group Plc increased its holdings in shares of Digital Turbine by 31.6% in the 2nd quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after acquiring an additional 2,550 shares during the last quarter. State of Wyoming acquired a new stake in shares of Digital Turbine during the 2nd quarter worth about $72,000. Finally, Prudential Financial Inc. purchased a new stake in Digital Turbine during the second quarter worth approximately $74,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Price Performance

Shares of NASDAQ APPS opened at $4.10 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.80. Digital Turbine, Inc. has a twelve month low of $2.11 and a twelve month high of $8.28. The stock has a 50 day moving average of $4.70 and a two-hundred day moving average of $5.15. The stock has a market cap of $491.59 million, a P/E ratio of -8.54, a P/E/G ratio of 0.47 and a beta of 2.23.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, February 3rd. The software maker reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $151.40 million during the quarter, compared to the consensus estimate of $145.72 million. Digital Turbine had a positive return on equity of 21.26% and a negative net margin of 8.93%. On average, research analysts forecast that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APPS has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digital Turbine in a research note on Monday, December 29th. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.75.

Digital Turbine Profile

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.