Digital Turbine, Inc. (NASDAQ:APPS) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 15.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,781 shares of the software maker’s stock after purchasing an additional 7,725 shares during the period. American Century Companies Inc. owned 0.06% of Digital Turbine worth $98,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pineridge Advisors LLC bought a new stake in Digital Turbine during the 4th quarter valued at $34,000. Rhumbline Advisers boosted its holdings in Digital Turbine by 3.9% in the second quarter. Rhumbline Advisers now owns 152,877 shares of the software maker’s stock worth $254,000 after purchasing an additional 5,734 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of Digital Turbine by 28.2% in the 4th quarter. Belpointe Asset Management LLC now owns 41,423 shares of the software maker’s stock valued at $284,000 after acquiring an additional 9,112 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Digital Turbine in the first quarter valued at approximately $28,000. Finally, Janus Henderson Group PLC lifted its position in Digital Turbine by 6.0% during the 1st quarter. Janus Henderson Group PLC now owns 239,595 shares of the software maker’s stock worth $628,000 after acquiring an additional 13,648 shares during the last quarter. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Digital Turbine Stock Up 3.0 %

APPS opened at $2.77 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.01. Digital Turbine, Inc. has a 1-year low of $1.39 and a 1-year high of $7.32. The business has a 50 day moving average of $2.96 and a 200-day moving average of $2.34. The stock has a market capitalization of $283.94 million, a price-to-earnings ratio of -0.67 and a beta of 2.61.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business’s revenue was down 19.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $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.