SG Americas Securities LLC Acquires 22,385 Shares of Digital Turbine, Inc. (NASDAQ:APPS)

SG Americas Securities LLC lifted its holdings in Digital Turbine, Inc. (NASDAQ:APPS) by 80.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,053 shares of the software maker’s stock after purchasing an additional 22,385 shares during the quarter. SG Americas Securities LLC’s holdings in Digital Turbine were worth $154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of APPS. Quadrature Capital Ltd bought a new stake in Digital Turbine in the 1st quarter worth about $28,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Digital Turbine during the 1st quarter valued at about $55,000. The Manufacturers Life Insurance Company grew its stake in shares of Digital Turbine by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 41,135 shares of the software maker’s stock worth $68,000 after acquiring an additional 3,695 shares during the period. Point72 DIFC Ltd raised its holdings in shares of Digital Turbine by 18.4% during the second quarter. Point72 DIFC Ltd now owns 44,603 shares of the software maker’s stock valued at $74,000 after purchasing an additional 6,936 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Digital Turbine by 15.1% during the second quarter. American Century Companies Inc. now owns 58,781 shares of the software maker’s stock valued at $98,000 after purchasing an additional 7,725 shares during the period. 63.66% of the stock is owned by institutional investors.

Digital Turbine Trading Up 0.3 %

Shares of APPS stock opened at $3.07 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.01. Digital Turbine, Inc. has a 12-month low of $1.39 and a 12-month high of $7.32. The stock has a market capitalization of $314.70 million, a P/E ratio of -0.74, a P/E/G ratio of 9.68 and a beta of 2.61. The firm’s 50 day moving average is $3.16 and its 200 day moving average is $2.42.

Digital Turbine (NASDAQ:APPS) last released its quarterly earnings results on Wednesday, August 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Digital Turbine had a positive return on equity of 5.37% and a negative net margin of 84.71%. The firm had revenue of $117.99 million for the quarter, compared to the consensus estimate of $115.23 million. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. Research analysts expect that Digital Turbine, Inc. will post 0.05 earnings per share for the current 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.