GSA Capital Partners LLP Increases Stock Holdings in Digital Turbine, Inc. $APPS

GSA Capital Partners LLP increased its holdings in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 890.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 189,394 shares of the software maker’s stock after acquiring an additional 170,268 shares during the period. GSA Capital Partners LLP’s holdings in Digital Turbine were worth $947,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Digital Turbine during the 3rd quarter valued at approximately $31,000. Strs Ohio purchased a new position in shares of Digital Turbine during the 1st quarter valued at approximately $41,000. PFG Investments LLC purchased a new position in shares of Digital Turbine during the 4th quarter valued at approximately $50,000. Smartleaf Asset Management LLC purchased a new position in shares of Digital Turbine during the 2nd quarter valued at approximately $57,000. Finally, Legal & General Group Plc lifted its position in shares of Digital Turbine by 31.6% during the 2nd quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after buying an additional 2,550 shares in the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Zacks Research lowered Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digital Turbine in a research report on Friday, March 27th. Finally, Wall Street Zen upgraded Digital Turbine from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.75.

Digital Turbine Stock Up 2.0%

NASDAQ APPS opened at $4.55 on Friday. Digital Turbine, Inc. has a one year low of $2.74 and a one year high of $8.28. The company has a market cap of $545.55 million, a P/E ratio of -9.48, a P/E/G ratio of 0.17 and a beta of 2.40. The business has a fifty day moving average price of $3.51 and a 200 day moving average price of $4.40. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.10 and a current ratio of 1.10.

Digital Turbine Profile

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.