Digital Turbine, Inc. $APPS Shares Bought by S Squared Technology LLC

S Squared Technology LLC grew its holdings in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 653,571 shares of the software maker’s stock after purchasing an additional 75,000 shares during the period. Digital Turbine accounts for 1.3% of S Squared Technology LLC’s portfolio, making the stock its 24th biggest position. S Squared Technology LLC owned approximately 0.55% of Digital Turbine worth $3,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Creative Planning raised its holdings in shares of Digital Turbine by 9.4% during the third quarter. Creative Planning now owns 23,286 shares of the software maker’s stock worth $149,000 after purchasing an additional 1,997 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Digital Turbine by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,449 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Digital Turbine by 23.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,180 shares of the software maker’s stock worth $66,000 after purchasing an additional 2,536 shares during the period. Legal & General Group Plc raised its holdings in shares of Digital Turbine by 31.6% during the second quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock worth $63,000 after purchasing an additional 2,550 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Digital Turbine by 22.5% during the second quarter. Osaic Holdings Inc. now owns 18,073 shares of the software maker’s stock worth $107,000 after purchasing an additional 3,322 shares during the period. 63.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on APPS shares. Weiss Ratings cut shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. Wall Street Zen raised shares of Digital Turbine from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Bank of America raised shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price objective on the stock in a report on Wednesday, May 27th. Finally, Zacks Research raised shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.75.

Digital Turbine Price Performance

APPS stock opened at $9.76 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.84. Digital Turbine, Inc. has a fifty-two week low of $2.74 and a fifty-two week high of $10.80. The firm’s 50-day simple moving average is $5.11 and its 200 day simple moving average is $4.72. The stock has a market cap of $1.18 billion, a PE ratio of -27.11, a price-to-earnings-growth ratio of 0.76 and a beta of 2.84.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Tuesday, May 26th. The software maker reported $0.16 earnings per share 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 business had revenue of $142.55 million for the quarter, compared to analysts’ expectations of $133.23 million. As a group, sell-side analysts predict that Digital Turbine, Inc. will post 0.68 EPS for the current year.

About Digital Turbine

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.