XTX Topco Ltd Makes New $211,000 Investment in Digital Turbine, Inc. (NASDAQ:APPS)

XTX Topco Ltd acquired a new stake in Digital Turbine, Inc. (NASDAQ:APPS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 126,914 shares of the software maker’s stock, valued at approximately $211,000. XTX Topco Ltd owned about 0.12% of Digital Turbine at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenhaven Road Investment Management L.P. raised its position in Digital Turbine by 244.9% in the 4th quarter. Greenhaven Road Investment Management L.P. now owns 1,940,020 shares of the software maker’s stock worth $13,308,000 after purchasing an additional 1,377,587 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Digital Turbine during the 1st quarter worth approximately $2,177,000. Vanguard Group Inc. lifted its stake in shares of Digital Turbine by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 12,790,615 shares of the software maker’s stock worth $87,744,000 after acquiring an additional 543,160 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in Digital Turbine in the 2nd quarter valued at $725,000. Finally, Acadian Asset Management LLC purchased a new stake in Digital Turbine in the second quarter worth $594,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Stock Up 4.7 %

NASDAQ:APPS opened at $3.14 on Monday. The stock has a fifty day simple moving average of $2.91 and a 200-day simple moving average of $2.34. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.01. The company has a market cap of $321.87 million, a price-to-earnings ratio of -0.76 and a beta of 2.60. Digital Turbine, Inc. has a twelve month low of $1.39 and a twelve month high of $7.32.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.06. The company had revenue of $117.99 million during the quarter, compared to analysts’ expectations of $115.23 million. Digital Turbine had a negative net margin of 84.71% and a positive return on equity of 5.37%. The firm’s quarterly revenue was down 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 EPS.

About Digital Turbine

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.