Digital Turbine, Inc. $APPS Stock Position Boosted by S Squared Technology LLC

Posted by Francis Steltz on Jun 15th, 2026

S Squared Technology LLC boosted its stake in Digital Turbine, Inc. (NASDAQ:APPS – Free Report) by 13.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 653,571 shares of the software maker’s stock after buying an additional 75,000 shares during the period. Digital Turbine accounts for 1.3% of S Squared Technology LLC’s portfolio, making the stock its 24th biggest holding. S Squared Technology LLC’s holdings in Digital Turbine were worth $3,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APPS. Quarry LP grew its position in Digital Turbine by 1,323.4% in the 4th quarter. Quarry LP now owns 5,594 shares of the software maker’s stock valued at $28,000 after buying an additional 5,201 shares in the last quarter. Strs Ohio bought a new position in Digital Turbine in the 1st quarter valued at about $41,000. PFG Investments LLC bought a new position in Digital Turbine in the 4th quarter valued at about $50,000. Smartleaf Asset Management LLC bought a new position in Digital Turbine in the 2nd quarter valued at about $57,000. Finally, Legal & General Group Plc grew its position in Digital Turbine by 31.6% in the 2nd quarter. Legal & General Group Plc now owns 10,624 shares of the software maker’s stock valued at $63,000 after buying an additional 2,550 shares in the last quarter. Institutional investors own 63.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on APPS shares. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 28th. Weiss Ratings lowered shares of Digital Turbine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Bank of America upgraded shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price objective for the company in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Digital Turbine presently has an average rating of “Moderate Buy” and a consensus price target of $8.75.

Check Out Our Latest Analysis on APPS

Digital Turbine Stock Performance

NASDAQ:APPS opened at $9.76 on Monday. Digital Turbine, Inc. has a twelve month low of $2.74 and a twelve month high of $10.80. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.84. The company has a 50-day moving average of $5.11 and a 200-day moving average of $4.72. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -27.11, a price-to-earnings-growth ratio of 0.76 and a beta of 2.84.

Digital Turbine (NASDAQ:APPS – Get Free Report) last announced its earnings results on Tuesday, May 26th. The software maker reported $0.16 EPS for the quarter, topping the consensus estimate of $0.09 by $0.07. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. The company had revenue of $142.55 million during the quarter, compared to analysts’ expectations of $133.23 million. Analysts forecast that Digital Turbine, Inc. will post 0.68 earnings per share for the current fiscal year.

Digital Turbine Profile

(Free Report)

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.