Assenagon Asset Management S.A. Sells 132,494 Shares of Digital Turbine, Inc. (NASDAQ:APPS)

Assenagon Asset Management S.A. reduced its stake in Digital Turbine, Inc. (NASDAQ:APPS) by 37.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 222,306 shares of the software maker’s stock after selling 132,494 shares during the period. Assenagon Asset Management S.A. owned 0.22% of Digital Turbine worth $682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in 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 valued at $68,000 after purchasing an additional 3,695 shares in the last quarter. Blue Trust Inc. increased its stake in Digital Turbine by 104.1% in the third quarter. Blue Trust Inc. now owns 8,169 shares of the software maker’s stock valued at $25,000 after purchasing an additional 4,167 shares in the last quarter. Rhumbline Advisers increased its stake in Digital Turbine by 3.9% in the second quarter. Rhumbline Advisers now owns 152,877 shares of the software maker’s stock valued at $254,000 after purchasing an additional 5,734 shares in the last quarter. Point72 DIFC Ltd increased its stake in Digital Turbine by 18.4% in 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 in the last quarter. Finally, American Century Companies Inc. increased its stake in Digital Turbine by 15.1% in 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 in the last quarter. 63.66% of the stock is owned by institutional investors.

Digital Turbine Trading Down 1.3 %

NASDAQ:APPS opened at $3.16 on Friday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day moving average of $3.09 and a 200-day moving average of $2.47. The company has a market cap of $324.78 million, a PE ratio of -0.73, a PEG ratio of 9.89 and a beta of 2.59. Digital Turbine, Inc. has a one year low of $1.39 and a one year high of $7.32.

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