Alpha DNA Investment Management LLC purchased a new position in shares of Digital Turbine, Inc. (NASDAQ:APPS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,876 shares of the software maker’s stock, valued at approximately $162,000.

Several other large investors have also modified their holdings of APPS. Tsfg LLC acquired a new position in shares of Digital Turbine during the fourth quarter worth $28,000. Navis Wealth Advisors LLC acquired a new position in Digital Turbine in the fourth quarter valued at $28,000. RMR Wealth Builders acquired a new position in Digital Turbine in the fourth quarter valued at $28,000. Neo Ivy Capital Management acquired a new position in Digital Turbine in the fourth quarter valued at $31,000. Finally, Global Retirement Partners LLC lifted its holdings in Digital Turbine by 475.2% in the fourth quarter. Global Retirement Partners LLC now owns 880 shares of the software maker’s stock valued at $50,000 after buying an additional 727 shares during the period. Institutional investors own 60.69% of the company’s stock.

In other news, CAO David Wesch sold 25,000 shares of the business’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $88.23, for a total transaction of $2,205,750.00. Following the completion of the sale, the chief accounting officer now directly owns 25,000 shares of the company’s stock, valued at $2,205,750. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.20% of the company’s stock.

APPS opened at $81.74 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average price of $80.73 and a two-hundred day moving average price of $56.10. The company has a market cap of $7.31 billion, a P/E ratio of 272.48, a price-to-earnings-growth ratio of 2.07 and a beta of 2.42. Digital Turbine, Inc. has a 1-year low of $4.20 and a 1-year high of $102.56.

Digital Turbine (NASDAQ:APPS) last posted its earnings results on Tuesday, February 2nd. The software maker reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $88.59 million during the quarter, compared to the consensus estimate of $75.86 million. Digital Turbine had a net margin of 13.38% and a return on equity of 38.26%. The firm’s revenue for the quarter was up 146.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. On average, research analysts forecast that Digital Turbine, Inc. will post 0.54 EPS for the current fiscal year.

APPS has been the topic of several recent analyst reports. Canaccord Genuity lowered shares of Digital Turbine from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a report on Monday, December 21st. TheStreet lowered shares of Digital Turbine from a “b” rating to a “c+” rating in a report on Tuesday, February 9th. LADENBURG THALM/SH SH raised shares of Digital Turbine from a “neutral” rating to a “buy” rating in a research note on Thursday, February 4th. B. Riley lifted their price target on shares of Digital Turbine from $77.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, February 4th. Finally, Craig Hallum lifted their price target on shares of Digital Turbine from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Monday, March 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Digital Turbine presently has a consensus rating of “Buy” and a consensus target price of $78.06.

Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication products and solutions for mobile operators, application advertisers, device original equipment manufacturers, and other third parties worldwide. Its software platform that enables mobile operators and OEMs to control, manage, and monetize devices.

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Institutional Ownership by Quarter for Digital Turbine (NASDAQ:APPS)

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