UBS Group AG Purchases 636,267 Shares of Digital Turbine, Inc. $APPS

UBS Group AG boosted its position in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 444.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 779,585 shares of the software maker’s stock after buying an additional 636,267 shares during the period. UBS Group AG owned approximately 0.70% of Digital Turbine worth $3,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC raised its position in Digital Turbine by 302.7% during the fourth quarter. Sanctuary Advisors LLC now owns 46,654 shares of the software maker’s stock valued at $233,000 after purchasing an additional 35,069 shares during the period. Vanguard Group Inc. raised its position in Digital Turbine by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 9,101,779 shares of the software maker’s stock valued at $45,509,000 after purchasing an additional 29,540 shares during the period. Round Rock Advisors LLC purchased a new stake in Digital Turbine during the fourth quarter valued at approximately $468,000. CWM LLC raised its position in Digital Turbine by 22.1% during the fourth quarter. CWM LLC now owns 42,083 shares of the software maker’s stock valued at $210,000 after purchasing an additional 7,610 shares during the period. Finally, PFG Investments LLC purchased a new stake in Digital Turbine during the fourth quarter valued at approximately $50,000. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

Digital Turbine Trading Up 2.0%

APPS opened at $4.55 on Friday. The stock’s fifty day moving average is $3.51 and its two-hundred day moving average is $4.40. The company has a market capitalization of $545.55 million, a P/E ratio of -9.48, a PEG ratio of 0.18 and a beta of 2.40. Digital Turbine, Inc. has a 52 week low of $2.74 and a 52 week high of $8.28. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.80.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on APPS shares. Zacks Research downgraded Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings restated 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 equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Digital Turbine currently has a consensus rating of “Hold” and a consensus price target of $7.75.

Digital Turbine Company 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.