GSA Capital Partners LLP Purchases 170,268 Shares of Digital Turbine, Inc. $APPS

GSA Capital Partners LLP boosted its position in Digital Turbine, Inc. (NASDAQ:APPS) by 890.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 189,394 shares of the software maker’s stock after purchasing an additional 170,268 shares during the quarter. GSA Capital Partners LLP owned approximately 0.16% of Digital Turbine worth $947,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in APPS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Digital Turbine by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,449 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Digital Turbine by 74.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock worth $2,774,000 after purchasing an additional 437,310 shares in the last quarter. Strs Ohio bought a new position in Digital Turbine in the first quarter worth about $41,000. Creative Planning raised its holdings in Digital Turbine by 39.2% in the second quarter. Creative Planning now owns 21,289 shares of the software maker’s stock worth $126,000 after purchasing an additional 5,991 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Digital Turbine by 272.0% in the second quarter. JPMorgan Chase & Co. now owns 686,327 shares of the software maker’s stock worth $4,049,000 after purchasing an additional 501,829 shares in the last quarter. 63.66% of the stock is currently owned by institutional investors.

Digital Turbine Trading Up 2.0%

Digital Turbine stock opened at $4.55 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.80. Digital Turbine, Inc. has a 12 month low of $2.74 and a 12 month high of $8.28. The stock’s 50 day simple moving average is $3.51 and its two-hundred day simple moving average is $4.40. The firm has a market cap of $545.55 million, a PE ratio of -9.48, a P/E/G ratio of 0.17 and a beta of 2.40.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on APPS. Weiss Ratings restated a “sell (d-)” rating on shares of Digital Turbine in a report on Friday, March 27th. Wall Street Zen upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.75.

Digital Turbine Company Profile

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.