Unterberg Capital LLC grew its position in Digital Turbine Inc (NASDAQ:APPS) by 18.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,600,000 shares of the software maker’s stock after purchasing an additional 250,000 shares during the period. Digital Turbine accounts for 3.5% of Unterberg Capital LLC’s holdings, making the stock its 16th largest position. Unterberg Capital LLC’s holdings in Digital Turbine were worth $2,864,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Thompson Davis & CO. Inc. purchased a new stake in shares of Digital Turbine in the 3rd quarter valued at approximately $101,000. Granahan Investment Management Inc. MA purchased a new stake in shares of Digital Turbine in the 3rd quarter valued at approximately $350,000. EAM Investors LLC purchased a new stake in shares of Digital Turbine in the 3rd quarter valued at approximately $465,000. Essex Investment Management Co. LLC purchased a new stake in shares of Digital Turbine in the 3rd quarter valued at approximately $665,000. Finally, Trellus Management Company LLC grew its stake in shares of Digital Turbine by 16.8% in the 3rd quarter. Trellus Management Company LLC now owns 700,689 shares of the software maker’s stock valued at $1,058,000 after buying an additional 100,689 shares during the period. 19.42% of the stock is owned by institutional investors and hedge funds.
Digital Turbine Inc (NASDAQ APPS) opened at $2.43 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.84 and a quick ratio of 0.84. Digital Turbine Inc has a 1 year low of $0.75 and a 1 year high of $2.51. The company has a market cap of $182.60, a P/E ratio of -7.84 and a beta of 1.52.
Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Wednesday, February 7th. The software maker reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.03). Digital Turbine had a negative net margin of 18.66% and a negative return on equity of 22.65%. The business had revenue of $38.03 million during the quarter, compared to analysts’ expectations of $31.09 million. equities research analysts forecast that Digital Turbine Inc will post -0.22 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on APPS shares. Zacks Investment Research cut shares of Digital Turbine from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. B. Riley reaffirmed a “buy” rating and set a $2.00 price objective (up previously from $1.40) on shares of Digital Turbine in a research report on Wednesday, November 8th. ValuEngine cut shares of Digital Turbine from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Finally, Roth Capital reissued a “buy” rating on shares of Digital Turbine in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $1.91.
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Digital Turbine Company Profile
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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