SG Americas Securities LLC Boosts Holdings in Digital Turbine, Inc. (NASDAQ:APPS)

SG Americas Securities LLC grew its stake in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 80.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,053 shares of the software maker’s stock after purchasing an additional 22,385 shares during the period. SG Americas Securities LLC’s holdings in Digital Turbine were worth $154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in Digital Turbine during the 1st quarter valued at approximately $28,000. Allspring Global Investments Holdings LLC purchased a new stake in Digital Turbine in the first quarter worth $55,000. The Manufacturers Life Insurance Company grew its stake in Digital Turbine by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 41,135 shares of the software maker’s stock worth $68,000 after purchasing an additional 3,695 shares during the period. Point72 DIFC Ltd raised its holdings in Digital Turbine by 18.4% in the second quarter. Point72 DIFC Ltd now owns 44,603 shares of the software maker’s stock worth $74,000 after purchasing an additional 6,936 shares in the last quarter. Finally, First Trust Direct Indexing L.P. purchased a new position in Digital Turbine during the first quarter valued at $131,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Stock Up 0.3 %

NASDAQ:APPS opened at $3.07 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s 50-day moving average price is $3.16 and its 200-day moving average price is $2.42. The company has a market capitalization of $314.70 million, a PE ratio of -0.74, a P/E/G ratio of 9.68 and a beta of 2.61. Digital Turbine, Inc. has a 1-year low of $1.39 and a 1-year high of $7.32.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Digital Turbine had a negative net margin of 84.71% and a positive return on equity of 5.37%. The business had revenue of $117.99 million for the quarter, compared to analysts’ expectations of $115.23 million. During the same quarter in the prior year, the company earned $0.08 earnings per share. The business’s revenue was down 19.4% compared to the same quarter last year. On average, equities analysts predict that Digital Turbine, Inc. will post 0.05 EPS for the current fiscal year.

Digital Turbine Company 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.