Rothschild & Co. Asset Management US Inc. Sells 250,508 Shares of Digital Turbine, Inc. (NASDAQ:APPS)

Rothschild & Co. Asset Management US Inc. lowered its stake in Digital Turbine, Inc. (NASDAQ:APPSGet Rating) by 72.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 93,562 shares of the software maker’s stock after selling 250,508 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned about 0.10% of Digital Turbine worth $4,099,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of APPS. Cetera Investment Advisers increased its holdings in Digital Turbine by 5.5% during the first quarter. Cetera Investment Advisers now owns 13,123 shares of the software maker’s stock worth $575,000 after buying an additional 687 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Digital Turbine in the first quarter worth about $73,000. Vontobel Holding Ltd. bought a new position in shares of Digital Turbine in the first quarter worth about $272,000. Cibc World Market Inc. increased its stake in shares of Digital Turbine by 26.3% in the first quarter. Cibc World Market Inc. now owns 10,483 shares of the software maker’s stock valued at $459,000 after buying an additional 2,180 shares during the period. Finally, Yousif Capital Management LLC increased its position in Digital Turbine by 1.4% during the 1st quarter. Yousif Capital Management LLC now owns 46,436 shares of the software maker’s stock valued at $2,034,000 after purchasing an additional 630 shares during the period. Institutional investors own 65.70% of the company’s stock.

Digital Turbine Price Performance

Shares of APPS stock opened at $17.76 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.82. The business’s fifty day moving average is $19.90 and its 200 day moving average is $27.57. Digital Turbine, Inc. has a twelve month low of $14.43 and a twelve month high of $93.98. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 50.74, a PEG ratio of 1.43 and a beta of 2.41.

Digital Turbine (NASDAQ:APPSGet Rating) last released its earnings results on Monday, August 8th. The software maker reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Digital Turbine had a return on equity of 29.78% and a net margin of 3.42%. The business had revenue of $188.63 million for the quarter, compared to the consensus estimate of $184.68 million. Research analysts expect that Digital Turbine, Inc. will post 1.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on APPS. Macquarie cut their target price on Digital Turbine from $70.00 to $40.00 and set an “outperform” rating on the stock in a report on Wednesday, June 1st. Craig Hallum decreased their price objective on Digital Turbine to $60.00 in a report on Monday, August 15th. StockNews.com raised Digital Turbine from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. B. Riley lifted their target price on Digital Turbine from $29.00 to $33.00 in a report on Tuesday, August 9th. Finally, Oppenheimer dropped their price target on Digital Turbine from $117.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, June 1st. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.50.

Digital Turbine Profile

(Get Rating)

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 three segments: On Device Media, In App Media – AdColony, and In App Media – Fyber. 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 sponsored and editorial content media.

Further Reading

Want to see what other hedge funds are holding APPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digital Turbine, Inc. (NASDAQ:APPSGet Rating).

Institutional Ownership by Quarter for Digital Turbine (NASDAQ:APPS)

Receive News & Ratings for Digital Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digital Turbine and related companies with MarketBeat.com's FREE daily email newsletter.