Digital Turbine, Inc. (NASDAQ:APPS) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its holdings in Digital Turbine, Inc. (NASDAQ:APPS) by 3.9% in the second quarter, Holdings Channel reports. The fund owned 152,877 shares of the software maker’s stock after buying an additional 5,734 shares during the period. Rhumbline Advisers’ holdings in Digital Turbine were worth $254,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Pineridge Advisors LLC purchased a new stake in shares of Digital Turbine in the 4th quarter valued at approximately $34,000. Belpointe Asset Management LLC raised its holdings in Digital Turbine by 28.2% during the fourth quarter. Belpointe Asset Management LLC now owns 41,423 shares of the software maker’s stock worth $284,000 after purchasing an additional 9,112 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Digital Turbine during the 1st quarter worth approximately $28,000. Janus Henderson Group PLC boosted its stake in Digital Turbine by 6.0% in the first quarter. Janus Henderson Group PLC now owns 239,595 shares of the software maker’s stock valued at $628,000 after acquiring an additional 13,648 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in Digital Turbine during the 1st quarter worth approximately $55,000. 63.66% of the stock is owned by hedge funds and other institutional investors.

Digital Turbine Stock Performance

Shares of Digital Turbine stock opened at $3.14 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 stock has a market capitalization of $321.87 million, a price-to-earnings ratio of -0.76 and a beta of 2.60. Digital Turbine, Inc. has a 12 month low of $1.39 and a 12 month high of $7.32. The firm’s fifty day simple moving average is $2.91 and its 200-day simple moving average is $2.35.

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

About Digital Turbine

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.