EAM Investors LLC purchased a new stake in Digital Turbine, Inc. (NASDAQ:APPS) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 308,100 shares of the software maker’s stock, valued at approximately $465,000. EAM Investors LLC owned 0.46% of Digital Turbine at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. bought a new stake in shares of Digital Turbine during the 3rd quarter worth $101,000. Unterberg Capital LLC bought a new position in Digital Turbine in the second quarter worth approximately $412,000. Essex Investment Management Co. LLC bought a new position in shares of Digital Turbine in the third quarter valued at approximately $665,000. White Pine Capital LLC lifted its holdings in shares of Digital Turbine by 23.2% in the second quarter. White Pine Capital LLC now owns 725,375 shares of the software maker’s stock valued at $747,000 after purchasing an additional 136,800 shares in the last quarter. Finally, Trellus Management Company LLC lifted its holdings in shares of Digital Turbine by 16.8% in the third quarter. Trellus Management Company LLC now owns 700,689 shares of the software maker’s stock valued at $1,058,000 after purchasing an additional 100,689 shares in the last quarter. Institutional investors and hedge funds own 20.98% of the company’s stock.
Digital Turbine, Inc. (NASDAQ APPS) opened at $1.67 on Tuesday. Digital Turbine, Inc. has a twelve month low of $0.59 and a twelve month high of $1.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.78 and a current ratio of 0.78.
Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Digital Turbine had a negative net margin of 20.41% and a negative return on equity of 23.85%. The company had revenue of $27.90 million for the quarter, compared to analyst estimates of $26.96 million. During the same period last year, the company posted ($0.11) earnings per share. Digital Turbine’s revenue was up 22.4% compared to the same quarter last year. sell-side analysts anticipate that Digital Turbine, Inc. will post -0.18 earnings per share for the current year.
In related news, CEO William Gordon Stone III bought 50,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $1.56 per share, with a total value of $78,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is currently owned by insiders.
A number of analysts recently commented on the company. Zacks Investment Research raised Digital Turbine from a “sell” rating to a “hold” rating in a research report on Friday. B. Riley reissued a “buy” rating and issued a $2.00 target price (up from $1.40) on shares of Digital Turbine in a research report on Wednesday, November 8th. Finally, ValuEngine lowered Digital Turbine from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Digital Turbine currently has a consensus rating of “Buy” and a consensus price target of $1.55.
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About Digital Turbine
Digital Turbine, Inc is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content.
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