Digital Turbine, Inc. (NASDAQ:APPS) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276,483 shares of the software maker’s stock after purchasing an additional 23,810 shares during the quarter. Barclays PLC’s holdings in Digital Turbine were worth $467,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Digital Turbine from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.38.

Digital Turbine Stock Up 0.7 %

Shares of NASDAQ APPS opened at $4.16 on Friday. Digital Turbine, Inc. has a 12-month low of $1.18 and a 12-month high of $6.86. The stock has a market cap of $436.83 million, a P/E ratio of -1.37 and a beta of 2.41. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.50. The business’s fifty day simple moving average is $3.08 and its 200-day simple moving average is $2.72.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results 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 negative net margin of 64.06% and a positive return on equity of 3.41%. As a group, equities analysts predict that Digital Turbine, Inc. will post -0.03 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.