Digital Turbine, Inc. (NASDAQ:APPS) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its stake in Digital Turbine, Inc. (NASDAQ:APPS) by 28.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,726 shares of the software maker’s stock after buying an additional 8,426 shares during the period. Oppenheimer & Co. Inc.’s holdings in Digital Turbine were worth $64,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ieq Capital LLC acquired a new stake in shares of Digital Turbine during the fourth quarter worth $55,000. Creative Planning acquired a new stake in Digital Turbine during the 3rd quarter worth about $57,000. US Bancorp DE lifted its stake in Digital Turbine by 37.7% during the third quarter. US Bancorp DE now owns 26,561 shares of the software maker’s stock valued at $82,000 after buying an additional 7,266 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Digital Turbine during the third quarter valued at about $84,000. Finally, Acuitas Investments LLC acquired a new position in shares of Digital Turbine in the fourth quarter worth about $140,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

Digital Turbine Trading Down 7.0 %

NASDAQ:APPS opened at $2.94 on Monday. The stock’s 50-day moving average is $3.16 and its two-hundred day moving average is $2.73. 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 cap of $308.72 million, a PE ratio of -0.97 and a beta of 2.43. Digital Turbine, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $6.86.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 research analysts forecast that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

APPS has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Digital Turbine from a “hold” rating to a “sell” rating in a report on Thursday. Bank of America downgraded shares of Digital Turbine from a “neutral” rating to an “underperform” rating and cut their target price for the company from $3.50 to $1.00 in a research note on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2.38.

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.