P.A.W. Capital Corp Grows Holdings in Digital Turbine, Inc. (NASDAQ:APPS)

P.A.W. Capital Corp boosted its holdings in Digital Turbine, Inc. (NASDAQ:APPS) by 33.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the software maker’s stock after purchasing an additional 50,000 shares during the quarter. Digital Turbine comprises 0.6% of P.A.W. Capital Corp’s investment portfolio, making the stock its 17th largest holding. P.A.W. Capital Corp’s holdings in Digital Turbine were worth $338,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. raised its position in Digital Turbine by 104.1% in the 3rd quarter. Blue Trust Inc. now owns 8,169 shares of the software maker’s stock valued at $25,000 after purchasing an additional 4,167 shares during the last quarter. US Bancorp DE raised its position in Digital Turbine by 37.7% during the 3rd quarter. US Bancorp DE now owns 26,561 shares of the software maker’s stock worth $82,000 after buying an additional 7,266 shares during the last quarter. Ballentine Partners LLC purchased a new position in Digital Turbine during the 3rd quarter worth $43,000. Creative Planning purchased a new position in Digital Turbine during the 3rd quarter worth $57,000. Finally, Brooktree Capital Management raised its position in Digital Turbine by 7.4% during the 3rd quarter. Brooktree Capital Management now owns 365,621 shares of the software maker’s stock worth $1,122,000 after buying an additional 25,061 shares during the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Digital Turbine from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Macquarie cut their price objective on shares of Digital Turbine from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Craig Hallum cut their price objective on shares of Digital Turbine from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Bank of America cut shares of Digital Turbine from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $3.50 to $1.00 in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $2.38.

Digital Turbine Stock Performance

NASDAQ:APPS opened at $4.23 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.50. Digital Turbine, Inc. has a fifty-two week low of $1.18 and a fifty-two week high of $6.86. The stock has a market cap of $444.19 million, a PE ratio of -1.40 and a beta of 2.38. The firm’s fifty day simple moving average is $2.82 and its 200-day simple moving average is $2.71.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Wednesday, February 5th. The software maker reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.08). Digital Turbine had a positive return on equity of 3.41% and a negative net margin of 64.06%. Analysts expect that Digital Turbine, Inc. will post -0.03 earnings per share for the current fiscal year.

Digital Turbine 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.