The Manufacturers Life Insurance Company decreased its position in shares of Digital Turbine, Inc. (NASDAQ:APPS – Free Report) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,303 shares of the software maker’s stock after selling 2,252 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Digital Turbine were worth $61,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Digital Turbine by 719.6% during the third quarter. JPMorgan Chase & Co. now owns 387,834 shares of the software maker’s stock worth $1,191,000 after buying an additional 340,512 shares in the last quarter. Baader Bank Aktiengesellschaft raised its position in shares of Digital Turbine by 22.1% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 532,325 shares of the software maker’s stock worth $899,000 after acquiring an additional 96,393 shares during the period. Gagnon Securities LLC boosted its stake in shares of Digital Turbine by 99.1% during the 4th quarter. Gagnon Securities LLC now owns 104,123 shares of the software maker’s stock worth $176,000 after acquiring an additional 51,814 shares in the last quarter. Acuitas Investments LLC acquired a new stake in shares of Digital Turbine during the 4th quarter valued at about $140,000. Finally, Ieq Capital LLC acquired a new stake in shares of Digital Turbine during the 4th quarter valued at about $55,000. 63.66% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com cut Digital Turbine from a “hold” rating to a “sell” rating in a report on Monday, March 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $2.38.
Digital Turbine Price Performance
Shares of NASDAQ APPS opened at $4.64 on Tuesday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a fifty day moving average of $3.26 and a 200 day moving average of $2.76. The firm has a market cap of $487.23 million, a PE ratio of -1.53 and a beta of 2.41. Digital Turbine, Inc. has a one year low of $1.18 and a one year high of $6.86.
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.
See Also
- Five stocks we like better than Digital Turbine
- What is a SEC Filing?
- UnitedHealth Insiders Double Down: Is UNH Stock a Value Play?
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- What Ray Dalio’s Latest Moves Tell Investors
- Stock Market Upgrades: What Are They?
- Amazon: Why May Is the Last Month to Get the Stock at a Discount
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:APPS – Free Report).
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.
