P.A.W. Capital Corp Buys 70,000 Shares of Digital Turbine, Inc. (NASDAQ:APPS)

P.A.W. Capital Corp boosted its holdings in shares of Digital Turbine, Inc. (NASDAQ:APPS) by 87.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,000 shares of the software maker’s stock after acquiring an additional 70,000 shares during the quarter. Digital Turbine accounts for 1.0% of P.A.W. Capital Corp’s portfolio, making the stock its 15th biggest holding. P.A.W. Capital Corp’s holdings in Digital Turbine were worth $460,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Digital Turbine by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 12,790,615 shares of the software maker’s stock valued at $87,744,000 after acquiring an additional 543,160 shares during the period. Rice Hall James & Associates LLC lifted its holdings in shares of Digital Turbine by 4.1% in the 3rd quarter. Rice Hall James & Associates LLC now owns 1,970,928 shares of the software maker’s stock worth $6,051,000 after buying an additional 77,185 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Digital Turbine by 97.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,533,969 shares of the software maker’s stock worth $2,546,000 after buying an additional 755,707 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Digital Turbine in the 1st quarter worth $2,177,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in shares of Digital Turbine in the 2nd quarter worth $725,000. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Price Performance

Shares of APPS stock opened at $3.16 on Friday. Digital Turbine, Inc. has a twelve month low of $1.39 and a twelve month high of $7.32. The stock has a market capitalization of $324.77 million, a price-to-earnings ratio of -0.73, a P/E/G ratio of 10.91 and a beta of 2.61. The stock has a fifty day simple moving average of $3.11 and a two-hundred day simple moving average of $2.46. 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 (NASDAQ:APPS) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. The firm had revenue of $117.99 million during the quarter, compared to analysts’ expectations of $115.23 million. Digital Turbine had a positive return on equity of 5.37% and a negative net margin of 84.71%. The firm’s quarterly revenue was down 19.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS. On average, analysts predict that Digital Turbine, Inc. will post 0.05 EPS for the current fiscal year.

About Digital Turbine

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.