Dimensional Fund Advisors LP Sells 519,313 Shares of Digital Turbine, Inc. (NASDAQ:APPS)

Dimensional Fund Advisors LP lessened its position in Digital Turbine, Inc. (NASDAQ:APPS) by 49.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 523,216 shares of the software maker’s stock after selling 519,313 shares during the quarter. Dimensional Fund Advisors LP owned about 0.51% of Digital Turbine worth $868,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of APPS. Jacobs Levy Equity Management Inc. bought a new position in Digital Turbine in the 1st quarter worth $2,177,000. Vanguard Group Inc. increased its holdings in shares of Digital Turbine by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 12,790,615 shares of the software maker’s stock worth $87,744,000 after purchasing an additional 543,160 shares during the period. Baader Bank Aktiengesellschaft bought a new position in shares of Digital Turbine during the 2nd quarter worth about $725,000. Acadian Asset Management LLC bought a new position in shares of Digital Turbine during the 2nd quarter worth about $594,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Digital Turbine during the 2nd quarter worth about $589,000. Institutional investors own 63.66% of the company’s stock.

Digital Turbine Stock Performance

NASDAQ:APPS opened at $3.49 on Monday. The firm’s 50-day moving average is $3.05 and its 200-day moving average is $2.36. Digital Turbine, Inc. has a 52-week low of $1.39 and a 52-week high of $7.32. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $357.75 million, a price-to-earnings ratio of -0.84, a PEG ratio of 9.68 and a beta of 2.61.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Wednesday, August 7th. The software maker reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.06. Digital Turbine had a negative net margin of 84.71% and a positive return on equity of 5.37%. The company had revenue of $117.99 million for the quarter, compared to the consensus estimate of $115.23 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business’s revenue was down 19.4% compared to the same quarter last year. Equities research analysts anticipate that Digital Turbine, Inc. will post 0.05 earnings per share for the current year.

Digital Turbine Company 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.