Headlands Technologies LLC Purchases New Position in Digital Turbine, Inc. $APPS

Headlands Technologies LLC acquired a new position in Digital Turbine, Inc. (NASDAQ:APPS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 99,387 shares of the software maker’s stock, valued at approximately $1,282,000. Headlands Technologies LLC owned approximately 0.08% of Digital Turbine as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of APPS. Essential Partners LLC lifted its holdings in shares of Digital Turbine by 167.3% in the 1st quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after buying an additional 5,652 shares during the period. Quarry LP increased its stake in shares of Digital Turbine by 1,323.4% during the fourth quarter. Quarry LP now owns 5,594 shares of the software maker’s stock valued at $28,000 after buying an additional 5,201 shares during the period. Verus Capital Partners LLC bought a new stake in shares of Digital Turbine in the first quarter valued at about $35,000. Strs Ohio bought a new stake in shares of Digital Turbine in the first quarter valued at about $41,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Digital Turbine in the fourth quarter worth about $44,000. 63.66% of the stock is currently owned by hedge funds and other institutional investors.

Digital Turbine Trading Down 3.0%

Digital Turbine stock opened at $10.76 on Tuesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $1.30 billion, a PE ratio of -41.38, a price-to-earnings-growth ratio of 0.47 and a beta of 2.81. The stock has a 50-day moving average of $10.75 and a two-hundred day moving average of $6.91. Digital Turbine, Inc. has a one year low of $2.74 and a one year high of $15.34.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Digital Turbine had a positive return on equity of 38.34% and a negative net margin of 4.46%.The business had revenue of $165.98 million for the quarter, compared to analyst estimates of $149.98 million. On average, research analysts anticipate that Digital Turbine, Inc. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Benchmark upped their price target on shares of Digital Turbine from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Zacks Research downgraded shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Craig Hallum reissued a “buy” rating and set a $18.00 price objective on shares of Digital Turbine in a report on Wednesday, August 5th. Finally, Bank of America upgraded Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price target on the stock in a report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Digital Turbine currently has an average rating of “Moderate Buy” and a consensus target price of $14.75.

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.