131,764 Shares in Digital Turbine, Inc. (NASDAQ:APPS) Bought by Lindbrook Capital LLC

Lindbrook Capital LLC acquired a new stake in Digital Turbine, Inc. (NASDAQ:APPS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 131,764 shares of the software maker’s stock, valued at approximately $405,000. Lindbrook Capital LLC owned approximately 0.13% of Digital Turbine at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in APPS. Blue Trust Inc. grew its stake in Digital Turbine by 104.1% during the 3rd quarter. Blue Trust Inc. now owns 8,169 shares of the software maker’s stock worth $25,000 after buying an additional 4,167 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Digital Turbine in the 1st quarter valued at $28,000. Ballentine Partners LLC purchased a new stake in Digital Turbine in the 3rd quarter valued at $43,000. SG Americas Securities LLC acquired a new stake in Digital Turbine during the 2nd quarter worth $46,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in Digital Turbine in the first quarter valued at $55,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Craig Hallum decreased their target price on shares of Digital Turbine from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Thursday. Macquarie dropped their target price on Digital Turbine from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Thursday.

Digital Turbine Trading Down 18.4 %

Shares of Digital Turbine stock opened at $1.46 on Friday. The firm has a market cap of $151.44 million, a price-to-earnings ratio of -0.49, a price-to-earnings-growth ratio of 10.02 and a beta of 2.59. Digital Turbine, Inc. has a 52-week low of $1.39 and a 52-week high of $7.33. The company’s 50-day simple moving average is $3.00 and its 200-day simple moving average is $2.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 2.01.

Digital Turbine (NASDAQ:APPS) last released its earnings results on Wednesday, August 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. Digital Turbine had a positive return on equity of 3.02% and a negative net margin of 61.17%. The company had revenue of $117.99 million for the quarter, compared to analysts’ expectations of $115.23 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm’s quarterly revenue was down 19.4% on a year-over-year basis. As a group, equities research analysts anticipate that Digital Turbine, Inc. will post 0.05 earnings per share for the current year.

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.