Sei Investments Co. Sells 7,682 Shares of Digital Turbine, Inc. (NASDAQ:APPS)

Sei Investments Co. lessened its stake in Digital Turbine, Inc. (NASDAQ:APPS) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,798 shares of the software maker’s stock after selling 7,682 shares during the period. Sei Investments Co.’s holdings in Digital Turbine were worth $52,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its stake in shares of Digital Turbine by 28.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 37,726 shares of the software maker’s stock worth $64,000 after purchasing an additional 8,426 shares in the last quarter. Intech Investment Management LLC increased its holdings in Digital Turbine by 58.7% in the 4th quarter. Intech Investment Management LLC now owns 43,204 shares of the software maker’s stock worth $73,000 after acquiring an additional 15,977 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Digital Turbine during the fourth quarter valued at approximately $28,000. Plancorp LLC purchased a new position in Digital Turbine during the fourth quarter valued at approximately $35,000. Finally, Ieq Capital LLC bought a new position in shares of Digital Turbine in the fourth quarter worth approximately $55,000. Institutional investors own 63.66% of the company’s stock.

Digital Turbine Stock Up 5.8 %

NASDAQ APPS opened at $2.74 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.50. Digital Turbine, Inc. has a 12 month low of $1.18 and a 12 month high of $6.86. The stock’s 50 day moving average is $3.64 and its 200 day moving average is $2.71. The stock has a market cap of $287.72 million, a PE ratio of -0.90 and a beta of 2.48.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Digital Turbine from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2.38.

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.