Amalgamated Bank reduced its position in Digital Turbine, Inc. (NASDAQ:APPS – Get Rating) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,393 shares of the software maker's stock after selling 2,745 shares during the period. Amalgamated Bank's holdings in Digital Turbine were worth $2,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of APPS. Bank of Montreal Can raised its position in Digital Turbine by 148.6% in the 4th quarter. Bank of Montreal Can now owns 96,135 shares of the software maker's stock valued at $6,046,000 after buying an additional 57,459 shares during the last quarter. Geode Capital Management LLC raised its position in Digital Turbine by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 1,558,196 shares of the software maker's stock valued at $95,034,000 after buying an additional 36,607 shares during the last quarter. Gotham Asset Management LLC raised its position in Digital Turbine by 46.1% in the 4th quarter. Gotham Asset Management LLC now owns 15,802 shares of the software maker's stock valued at $964,000 after buying an additional 4,988 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Digital Turbine during the 4th quarter valued at $350,000. Finally, Summit Global Investments purchased a new stake in shares of Digital Turbine during the 4th quarter valued at $226,000. 65.70% of the stock is owned by hedge funds and other institutional investors.

Digital Turbine Stock Down 2.4 %

APPS stock opened at $14.91 on Friday. Digital Turbine, Inc. has a fifty-two week low of $14.43 and a fifty-two week high of $93.98. The stock has a fifty day moving average of $19.91 and a 200-day moving average of $25.45. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 42.60, a PEG ratio of 1.25 and a beta of 2.41.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. B. Riley raised their target price on Digital Turbine from $29.00 to $33.00 in a research report on Tuesday, August 9th. Craig Hallum decreased their target price on Digital Turbine to $60.00 in a research report on Monday, August 15th. Macquarie decreased their target price on Digital Turbine from $70.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday, June 1st. StockNews.com raised Digital Turbine from a "sell" rating to a "hold" rating in a research report on Wednesday, August 17th. Finally, Oppenheimer cut their price target on Digital Turbine from $117.00 to $40.00 and set an "outperform" rating for the company in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $54.60.

Digital Turbine Profile

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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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