Marshall Wace LLP Purchases Shares of 1,004,883 Digital Turbine, Inc. (NASDAQ:APPS)

Marshall Wace LLP purchased a new stake in shares of Digital Turbine, Inc. (NASDAQ:APPS) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,004,883 shares of the software maker’s stock, valued at approximately $1,698,000. Marshall Wace LLP owned about 0.96% of Digital Turbine as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of APPS. Oppenheimer & Co. Inc. increased its holdings in shares of Digital Turbine by 28.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 37,726 shares of the software maker’s stock valued at $64,000 after purchasing an additional 8,426 shares in the last quarter. Intech Investment Management LLC increased its holdings in Digital Turbine by 58.7% in the 4th quarter. Intech Investment Management LLC now owns 43,204 shares of the software maker’s stock worth $73,000 after acquiring an additional 15,977 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Digital Turbine in the 4th quarter worth $28,000. Plancorp LLC purchased a new stake in Digital Turbine in the 4th quarter worth $35,000. Finally, Barclays PLC increased its holdings in Digital Turbine by 9.4% in the 4th quarter. Barclays PLC now owns 276,483 shares of the software maker’s stock worth $467,000 after acquiring an additional 23,810 shares in the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Trading Down 3.2 %

Shares of APPS opened at $3.28 on Tuesday. Digital Turbine, Inc. has a 52-week low of $1.18 and a 52-week high of $6.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.50. The firm’s fifty day moving average is $3.14 and its two-hundred day moving average is $2.71. The stock has a market cap of $344.42 million, a PE ratio of -1.08 and a beta of 2.48.

Digital Turbine (NASDAQ:APPS) last announced its earnings results on Wednesday, February 5th. The software maker reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.08). Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. Research analysts forecast that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Digital Turbine 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.