AIGH Capital Management LLC Purchases Shares of 4,895,772 Digital Turbine, Inc. $APPS

AIGH Capital Management LLC purchased a new stake in shares of Digital Turbine, Inc. (NASDAQ:APPS) in the first quarter, Holdings Channel.com reports. The firm purchased 4,895,772 shares of the software maker’s stock, valued at approximately $14,100,000. Digital Turbine accounts for approximately 1.9% of AIGH Capital Management LLC’s investment portfolio, making the stock its 12th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in APPS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 valued at $156,000 after buying an additional 2,449 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Digital Turbine by 74.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock valued at $2,774,000 after acquiring an additional 437,310 shares in the last quarter. Strs Ohio bought a new stake in shares of Digital Turbine during the 1st quarter valued at about $41,000. Creative Planning grew its holdings in shares of Digital Turbine by 39.2% during the second quarter. Creative Planning now owns 21,289 shares of the software maker’s stock worth $126,000 after purchasing an additional 5,991 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Digital Turbine by 272.0% in the second quarter. JPMorgan Chase & Co. now owns 686,327 shares of the software maker’s stock worth $4,049,000 after purchasing an additional 501,829 shares during the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Price Performance

Shares of Digital Turbine stock opened at $10.50 on Thursday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.16 and a current ratio of 1.16. Digital Turbine, Inc. has a 52-week low of $2.74 and a 52-week high of $13.60. The company has a fifty day moving average of $7.75 and a 200-day moving average of $5.44. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -29.17, a price-to-earnings-growth ratio of 0.80 and a beta of 2.75.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $133.22 million. Equities research analysts expect that Digital Turbine, Inc. will post 0.68 EPS for the current year.

Analyst Upgrades and Downgrades

APPS has been the subject of several research analyst reports. Bank of America upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Wednesday, May 27th. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.75.

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.