Worth Venture Partners LLC decreased its stake in Digital Turbine Inc (NASDAQ:APPS) by 37.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,949 shares of the software maker’s stock after selling 94,424 shares during the period. Worth Venture Partners LLC’s holdings in Digital Turbine were worth $790,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP grew its stake in shares of Digital Turbine by 10.1% in the second quarter. GSA Capital Partners LLP now owns 53,300 shares of the software maker’s stock worth $267,000 after acquiring an additional 4,900 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Digital Turbine by 3.4% in the second quarter. Advisory Services Network LLC now owns 181,004 shares of the software maker’s stock worth $905,000 after acquiring an additional 5,942 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Digital Turbine in the second quarter worth $32,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Digital Turbine in the second quarter worth $33,000. Finally, Delta Investment Management LLC acquired a new stake in shares of Digital Turbine in the second quarter worth $75,000. Institutional investors and hedge funds own 39.29% of the company’s stock.

APPS has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a research note on Tuesday, July 2nd. B. Riley set a $7.00 price objective on shares of Digital Turbine and gave the stock a “buy” rating in a research note on Monday, September 9th. National Securities restated a “buy” rating and issued a $4.50 price objective on shares of Digital Turbine in a research note on Tuesday, June 4th. BidaskClub downgraded shares of Digital Turbine from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, LADENBURG THALM/SH SH raised their price objective on shares of Digital Turbine from $4.50 to $5.10 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $5.73.

APPS stock traded up $0.08 during midday trading on Thursday, hitting $6.78. The stock had a trading volume of 38,702 shares, compared to its average volume of 2,460,030. The firm has a market capitalization of $556.17 million, a price-to-earnings ratio of 135.40 and a beta of 1.47. Digital Turbine Inc has a 52 week low of $1.16 and a 52 week high of $7.84. The stock has a 50-day simple moving average of $6.69 and a 200 day simple moving average of $4.75.

Digital Turbine (NASDAQ:APPS) last issued its earnings results on Monday, August 5th. The software maker reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $30.55 million during the quarter, compared to analysts’ expectations of $28.39 million. Digital Turbine had a positive return on equity of 23.70% and a negative net margin of 7.42%. Equities analysts forecast that Digital Turbine Inc will post 0.17 earnings per share for the current fiscal year.

Digital Turbine Profile

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.

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

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