American Century Companies Inc. Has $202,000 Holdings in Digital Turbine, Inc. (NASDAQ:APPS)

American Century Companies Inc. increased its holdings in Digital Turbine, Inc. (NASDAQ:APPS) by 48.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 119,586 shares of the software maker’s stock after purchasing an additional 39,190 shares during the period. American Century Companies Inc.’s holdings in Digital Turbine were worth $202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Digital Turbine during the 4th quarter worth about $28,000. Plancorp LLC acquired a new position in shares of Digital Turbine in the fourth quarter worth approximately $35,000. Ieq Capital LLC acquired a new position in shares of Digital Turbine in the fourth quarter worth approximately $55,000. Oppenheimer & Co. Inc. boosted its holdings in Digital Turbine by 28.8% in the fourth quarter. Oppenheimer & Co. Inc. now owns 37,726 shares of the software maker’s stock valued at $64,000 after acquiring an additional 8,426 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in Digital Turbine by 58.7% during the 4th quarter. Intech Investment Management LLC now owns 43,204 shares of the software maker’s stock valued at $73,000 after purchasing an additional 15,977 shares during the period. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Digital Turbine Stock Down 2.2 %

Shares of NASDAQ:APPS opened at $2.68 on Tuesday. The business’s 50-day moving average is $3.64 and its 200-day moving average is $2.70. Digital Turbine, Inc. has a 1 year low of $1.18 and a 1 year high of $6.86. The company has a market capitalization of $281.42 million, a price-to-earnings ratio of -0.88 and a beta of 2.48. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.06 and a quick ratio of 1.06.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.08). Digital Turbine had a negative net margin of 64.06% and a positive return on equity of 3.41%. Equities research analysts predict that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Digital Turbine from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.38.

Digital Turbine 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.