Calamos Advisors LLC Acquires Shares of 131,459 Digital Turbine, Inc. $APPS

Calamos Advisors LLC acquired a new position in shares of Digital Turbine, Inc. (NASDAQ:APPS) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 131,459 shares of the software maker’s stock, valued at approximately $776,000.

A number of other institutional investors have also modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake 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 acquiring an additional 437,310 shares during the period. S Squared Technology LLC raised its holdings in Digital Turbine by 241.2% during the first quarter. S Squared Technology LLC now owns 730,326 shares of the software maker’s stock worth $1,983,000 after purchasing an additional 516,266 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in Digital Turbine during the second quarter worth about $12,031,000. Versor Investments LP acquired a new stake in Digital Turbine in the second quarter valued at about $333,000. Finally, Russell Investments Group Ltd. boosted its holdings in Digital Turbine by 29,604.4% in the 1st quarter. Russell Investments Group Ltd. now owns 821,327 shares of the software maker’s stock valued at $2,230,000 after purchasing an additional 818,562 shares in the last quarter. Institutional investors and hedge funds own 63.66% of the company’s stock.

Digital Turbine Trading Down 2.7%

Shares of APPS stock opened at $5.05 on Friday. The stock has a market cap of $566.36 million, a P/E ratio of -6.92, a P/E/G ratio of 1.53 and a beta of 2.55. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 2.66. Digital Turbine, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $8.28. The business has a fifty day simple moving average of $5.96 and a 200-day simple moving average of $5.21.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Tuesday, November 4th. The software maker reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.09. Digital Turbine had a negative net margin of 14.59% and a positive return on equity of 12.12%. The firm had revenue of $140.38 million for the quarter, compared to analysts’ expectations of $142.00 million. On average, analysts forecast that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on APPS. Wall Street Zen downgraded Digital Turbine from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Craig Hallum reiterated a “buy” rating and issued a $10.00 price objective on shares of Digital Turbine in a research report on Wednesday, November 5th. Zacks Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Bank of America upgraded shares of Digital Turbine from an “underperform” rating to a “neutral” rating and increased their price target for the company from $4.50 to $5.50 in a report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Digital Turbine in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.75.

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.