Teachers Retirement System of The State of Kentucky Sells 5,947 Shares of Digital Turbine, Inc. (NASDAQ:APPS)

Teachers Retirement System of The State of Kentucky reduced its position in Digital Turbine, Inc. (NASDAQ:APPSGet Rating) by 5.4% in the first quarter, HoldingsChannel.com reports. The firm owned 103,373 shares of the software maker’s stock after selling 5,947 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Digital Turbine were worth $4,529,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of APPS. Guardian Wealth Management Inc. bought a new position in shares of Digital Turbine during the fourth quarter worth $26,000. Meeder Asset Management Inc. bought a new position in shares of Digital Turbine during the first quarter worth $31,000. Quantbot Technologies LP bought a new position in shares of Digital Turbine during the first quarter worth $58,000. Canada Pension Plan Investment Board bought a new position in shares of Digital Turbine during the first quarter worth $73,000. Finally, Liberty One Investment Management LLC bought a new position in shares of Digital Turbine during the first quarter worth $138,000. 65.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APPS has been the topic of a number of recent research reports. Macquarie decreased their price target on shares of Digital Turbine from $70.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 1st. Oppenheimer decreased their price target on shares of Digital Turbine from $117.00 to $40.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 1st. StockNews.com raised shares of Digital Turbine from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th. B. Riley upped their price target on shares of Digital Turbine from $29.00 to $33.00 in a research note on Tuesday, August 9th. Finally, Craig Hallum decreased their price target on shares of Digital Turbine to $60.00 in a research note on Monday, August 15th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $54.60.

Digital Turbine Trading Down 6.8 %

Shares of APPS opened at $16.48 on Monday. Digital Turbine, Inc. has a twelve month low of $14.43 and a twelve month high of $93.98. The company has a market cap of $1.63 billion, a P/E ratio of 47.09, a P/E/G ratio of 1.35 and a beta of 2.41. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $19.96 and its 200-day simple moving average is $26.14.

Digital Turbine (NASDAQ:APPSGet Rating) last announced its earnings results on Monday, August 8th. The software maker reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $188.63 million for the quarter, compared to the consensus estimate of $184.68 million. Digital Turbine had a net margin of 3.42% and a return on equity of 29.78%. As a group, analysts expect that Digital Turbine, Inc. will post 1.23 EPS for the current year.

Digital Turbine Company Profile

(Get Rating)

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 three segments: On Device Media, In App Media – AdColony, and In App Media – Fyber. 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 sponsored and editorial content media.

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Institutional Ownership by Quarter for Digital Turbine (NASDAQ:APPS)

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