Rice Hall James & Associates LLC Purchases 77,185 Shares of Digital Turbine, Inc. (NASDAQ:APPS)

Rice Hall James & Associates LLC increased its stake in Digital Turbine, Inc. (NASDAQ:APPS) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,970,928 shares of the software maker’s stock after purchasing an additional 77,185 shares during the period. Rice Hall James & Associates LLC owned approximately 1.92% of Digital Turbine worth $6,051,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Digital Turbine by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 12,790,615 shares of the software maker’s stock worth $87,744,000 after buying an additional 543,160 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Digital Turbine by 97.1% during the second quarter. AQR Capital Management LLC now owns 1,533,969 shares of the software maker’s stock valued at $2,546,000 after acquiring an additional 755,707 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Digital Turbine in the first quarter worth $2,177,000. Baader Bank Aktiengesellschaft bought a new stake in Digital Turbine in the second quarter valued at $725,000. Finally, Brooktree Capital Management increased its position in Digital Turbine by 49.3% during the 1st quarter. Brooktree Capital Management now owns 390,339 shares of the software maker’s stock valued at $1,023,000 after purchasing an additional 128,857 shares during the period. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Trading Down 9.3 %

NASDAQ:APPS opened at $3.20 on Friday. The company has a 50-day moving average price of $3.12 and a 200-day moving average price of $2.46. The stock has a market cap of $328.90 million, a price-to-earnings ratio of -0.74, a P/E/G ratio of 10.91 and a beta of 2.61. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 2.01. Digital Turbine, Inc. has a 12 month low of $1.39 and a 12 month high of $7.32.

Digital Turbine (NASDAQ:APPS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. The business had revenue of $117.99 million during 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% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. Equities analysts predict that Digital Turbine, Inc. will post 0.05 EPS for the current year.

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.