GC Wealth Management RIA LLC Purchases 170,134 Shares of Digital Turbine, Inc. $APPS

GC Wealth Management RIA LLC boosted its position in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 41.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 576,273 shares of the software maker’s stock after purchasing an additional 170,134 shares during the period. GC Wealth Management RIA LLC’s holdings in Digital Turbine were worth $1,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APPS. AIGH Capital Management LLC purchased a new position in shares of Digital Turbine during the 1st quarter valued at $14,100,000. Globeflex Capital L P bought a new position in shares of Digital Turbine in the first quarter worth $1,227,000. UBS Group AG increased its holdings in shares of Digital Turbine by 444.0% in the fourth quarter. UBS Group AG now owns 779,585 shares of the software maker’s stock worth $3,898,000 after purchasing an additional 636,267 shares during the period. S Squared Technology LLC raised its position in shares of Digital Turbine by 13.0% in the fourth quarter. S Squared Technology LLC now owns 653,571 shares of the software maker’s stock worth $3,268,000 after buying an additional 75,000 shares in the last quarter. Finally, Manatuck Hill Partners LLC raised its position in shares of Digital Turbine by 233.3% in the fourth quarter. Manatuck Hill Partners LLC now owns 2,000,000 shares of the software maker’s stock worth $10,000,000 after buying an additional 1,400,000 shares in the last quarter. Institutional investors own 63.66% of the company’s stock.

Digital Turbine Stock Performance

Digital Turbine stock opened at $8.45 on Friday. The firm’s fifty day moving average price is $9.03 and its 200-day moving average price is $5.78. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $1.02 billion, a P/E ratio of -23.47, a price-to-earnings-growth ratio of 0.62 and a beta of 2.75. Digital Turbine, Inc. has a fifty-two week low of $2.74 and a fifty-two week high of $13.60.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. The company had revenue of $142.55 million during the quarter, compared to the consensus estimate of $133.22 million. On average, equities research analysts expect that Digital Turbine, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

APPS has been the subject of several recent analyst reports. Zacks Research upgraded Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Weiss Ratings cut Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Bank of America upgraded Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target for the company in a research report on Wednesday, May 27th. Wall Street Zen raised Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Finally, Roth Capital started coverage on Digital Turbine in a report on Tuesday. They set a “buy” rating and a $11.50 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Digital Turbine has an average rating of “Buy” and a consensus target price of $11.00.

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.