Charles Schwab Investment Management Inc. Buys 110,427 Shares of Digital Turbine, Inc. (NASDAQ:APPS)

Charles Schwab Investment Management Inc. grew its stake in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 14.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 886,508 shares of the software maker’s stock after acquiring an additional 110,427 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.85% of Digital Turbine worth $1,498,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in APPS. Geode Capital Management LLC boosted its holdings in Digital Turbine by 8.4% in the third quarter. Geode Capital Management LLC now owns 2,334,648 shares of the software maker’s stock worth $7,169,000 after purchasing an additional 181,032 shares during the last quarter. Baader Bank Aktiengesellschaft lifted its holdings in shares of Digital Turbine by 22.1% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 532,325 shares of the software maker’s stock valued at $899,000 after buying an additional 96,393 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Digital Turbine by 719.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 387,834 shares of the software maker’s stock worth $1,191,000 after buying an additional 340,512 shares during the last quarter. Barclays PLC grew its holdings in shares of Digital Turbine by 62.5% in the third quarter. Barclays PLC now owns 252,673 shares of the software maker’s stock worth $776,000 after acquiring an additional 97,196 shares during the period. Finally, P.A.W. Capital Corp increased its position in Digital Turbine by 33.3% during the fourth quarter. P.A.W. Capital Corp now owns 200,000 shares of the software maker’s stock valued at $338,000 after acquiring an additional 50,000 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Digital Turbine from a “hold” rating to a “sell” rating in a research report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.38.

Digital Turbine Trading Down 8.1 %

Shares of Digital Turbine stock opened at $2.84 on Friday. Digital Turbine, Inc. has a 1-year low of $1.18 and a 1-year high of $6.86. The company’s fifty day simple moving average is $3.59 and its 200-day simple moving average is $2.72. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $298.22 million, a PE ratio of -0.94 and a beta of 2.43.

Digital Turbine (NASDAQ:APPS) last released its earnings results on Wednesday, February 5th. The software maker reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.08). Digital Turbine had a negative net margin of 64.06% and a positive return on equity of 3.41%. As a group, equities analysts anticipate that Digital Turbine, Inc. will post -0.03 earnings per share for the current year.

Digital Turbine Profile

Digital Turbine, Inc, through its subsidiaries, operates a mobile growth platform for advertisers, publishers, carriers, and device original equipment manufacturers (OEMs). The company operates through two segments, On Device Solutions and App Growth Platform. Its application media platform delivers mobile applications to various publishers, carriers, OEMs, and devices; and content media platform offers news, weather, sports, and other content, as well as programmatic advertising and media content delivery services, and sponsored and editorial content media.