SG Americas Securities LLC Has $70,000 Position in Digital Turbine, Inc. (NASDAQ:APPS)

SG Americas Securities LLC reduced its position in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,330 shares of the software maker’s stock after selling 8,723 shares during the quarter. SG Americas Securities LLC’s holdings in Digital Turbine were worth $70,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Digital Turbine by 719.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 387,834 shares of the software maker’s stock valued at $1,191,000 after purchasing an additional 340,512 shares during the period. Franklin Resources Inc. acquired a new stake in Digital Turbine during the 3rd quarter valued at $185,000. Barclays PLC raised its stake in Digital Turbine by 62.5% during the 3rd quarter. Barclays PLC now owns 252,673 shares of the software maker’s stock valued at $776,000 after purchasing an additional 97,196 shares during the period. Geode Capital Management LLC raised its stake in Digital Turbine by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,334,648 shares of the software maker’s stock valued at $7,169,000 after purchasing an additional 181,032 shares during the period. Finally, XTX Topco Ltd grew its holdings in shares of Digital Turbine by 33.8% during the 3rd quarter. XTX Topco Ltd now owns 169,868 shares of the software maker’s stock valued at $521,000 after acquiring an additional 42,954 shares in the last quarter. 63.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on APPS shares. StockNews.com upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a report on Wednesday. Craig Hallum lowered their price target on shares of Digital Turbine from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Macquarie lowered their price target on shares of Digital Turbine from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, Bank of America cut shares of Digital Turbine from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $3.50 to $1.00 in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.38.

Digital Turbine Trading Up 6.2 %

Shares of NASDAQ:APPS opened at $6.52 on Friday. The stock has a market capitalization of $684.67 million, a PE ratio of -2.15 and a beta of 2.38. Digital Turbine, Inc. has a 1 year low of $1.18 and a 1 year high of $6.86. The firm has a fifty day moving average price of $2.26 and a 200 day moving average price of $2.55. The company has a current ratio of 1.06, a quick ratio of 1.09 and a debt-to-equity ratio of 2.50.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.08). Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. Analysts expect that Digital Turbine, Inc. will post -0.13 EPS for the current fiscal year.

About Digital Turbine

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.