UBS Group AG raised its stake in shares of Digital Turbine, Inc. (NASDAQ:APPS – Free Report) by 444.0% during the 4th quarter, Holdings Channel reports. The fund owned 779,585 shares of the software maker’s stock after purchasing an additional 636,267 shares during the period. UBS Group AG’s holdings in Digital Turbine were worth $3,898,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in APPS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Digital Turbine by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,449 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Digital Turbine by 74.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock worth $2,774,000 after purchasing an additional 437,310 shares in the last quarter. Strs Ohio acquired a new stake in shares of Digital Turbine in the 1st quarter worth $41,000. Creative Planning boosted its position in shares of Digital Turbine by 39.2% in the 2nd quarter. Creative Planning now owns 21,289 shares of the software maker’s stock worth $126,000 after purchasing an additional 5,991 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Digital Turbine by 272.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 686,327 shares of the software maker’s stock worth $4,049,000 after purchasing an additional 501,829 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Wall Street Zen raised Digital Turbine from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Digital Turbine in a research report on Friday, March 27th. Finally, Zacks Research cut Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.75.
Digital Turbine Stock Performance
NASDAQ APPS opened at $4.55 on Friday. The stock has a 50-day simple moving average of $3.51 and a two-hundred day simple moving average of $4.40. The firm has a market capitalization of $545.55 million, a P/E ratio of -9.48, a PEG ratio of 0.18 and a beta of 2.40. Digital Turbine, Inc. has a fifty-two week low of $2.74 and a fifty-two week high of $8.28. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.10 and a current ratio of 1.10.
About Digital Turbine
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.
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