WINTON GROUP Ltd Acquires 78,096 Shares of Digital Turbine, Inc. $APPS

WINTON GROUP Ltd lifted its holdings in Digital Turbine, Inc. (NASDAQ:APPS) by 178.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,796 shares of the software maker’s stock after buying an additional 78,096 shares during the quarter. WINTON GROUP Ltd owned approximately 0.10% of Digital Turbine worth $1,571,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new position in Digital Turbine during the 2nd quarter valued at about $56,000. Quarry LP grew its holdings in Digital Turbine by 1,323.4% in the fourth quarter. Quarry LP now owns 5,594 shares of the software maker’s stock worth $28,000 after purchasing an additional 5,201 shares during the period. Allworth Financial LP grew its holdings in Digital Turbine by 42.4% in the second quarter. Allworth Financial LP now owns 5,698 shares of the software maker’s stock worth $74,000 after purchasing an additional 1,696 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Digital Turbine during the fourth quarter valued at approximately $44,000. Finally, Essential Partners LLC increased its stake in shares of Digital Turbine by 167.3% during the first quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock valued at $26,000 after purchasing an additional 5,652 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors.

Digital Turbine Price Performance

Shares of NASDAQ APPS opened at $11.81 on Friday. The firm has a market cap of $1.43 billion, a P/E ratio of -45.42, a PEG ratio of 0.50 and a beta of 2.87. Digital Turbine, Inc. has a twelve month low of $2.74 and a twelve month high of $15.34. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.80. The company has a 50 day moving average of $10.61 and a 200 day moving average of $7.31.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Tuesday, August 4th. The software maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. The business had revenue of $165.98 million for the quarter, compared to the consensus estimate of $149.98 million. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%. As a group, research analysts expect that Digital Turbine, Inc. will post 0.75 EPS for the current fiscal year.

Analyst Ratings Changes

APPS has been the topic of a number of analyst reports. Wall Street Zen raised Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 29th. Benchmark lifted their price objective on Digital Turbine from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Turbine in a report on Wednesday, September 2nd. Bank of America raised Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price on the stock in a report on Wednesday, May 27th. Finally, Craig Hallum reissued a “buy” rating and issued a $18.00 target price on shares of Digital Turbine in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.75.

Digital Turbine Profile

Digital Turbine, Inc is a mobile advertising and application growth company that provides technology for advertisers, mobile operators, device manufacturers and app publishers. Its platform helps businesses promote, distribute and monetize mobile applications and digital content across smartphones and other connected devices.

The company’s offerings include on-device app discovery and recommendation tools, advertising inventory and exchange services, and technologies that support app installation and user engagement.