Marshall Wace LLP Acquires New Holdings in Digital Turbine, Inc. (NASDAQ:APPS)

Marshall Wace LLP acquired a new stake in Digital Turbine, Inc. (NASDAQ:APPS) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,004,883 shares of the software maker’s stock, valued at approximately $1,698,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Digital Turbine by 8.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,334,648 shares of the software maker’s stock valued at $7,169,000 after buying an additional 181,032 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Digital Turbine by 14.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 886,508 shares of the software maker’s stock valued at $1,498,000 after buying an additional 110,427 shares during the period. JPMorgan Chase & Co. raised its holdings in Digital Turbine by 39.7% in the 4th quarter. JPMorgan Chase & Co. now owns 541,825 shares of the software maker’s stock valued at $916,000 after buying an additional 153,991 shares during the period. Baader Bank Aktiengesellschaft increased its stake in Digital Turbine by 22.1% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 532,325 shares of the software maker’s stock worth $899,000 after purchasing an additional 96,393 shares during the period. Finally, Perkins Capital Management Inc. increased its stake in Digital Turbine by 79.3% during the fourth quarter. Perkins Capital Management Inc. now owns 387,600 shares of the software maker’s stock worth $655,000 after purchasing an additional 171,400 shares during the period. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Digital Turbine from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Digital Turbine presently has a consensus rating of “Hold” and an average target price of $2.38.

Digital Turbine Stock Down 3.2 %

APPS stock opened at $3.28 on Tuesday. The company’s 50 day moving average price is $3.14 and its 200 day moving average price is $2.71. The firm has a market capitalization of $344.42 million, a price-to-earnings ratio of -1.08 and a beta of 2.48. Digital Turbine, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $6.86. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.06 and a current ratio of 1.06.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings data on Wednesday, February 5th. The software maker reported $0.05 earnings per share 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%. On average, equities research analysts anticipate that Digital Turbine, Inc. will post -0.03 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.