Equitec Proprietary Markets buys $1,992,521 stake in Digital Turbine Inc (APPS)

Digital Turbine Inc (APPS) : Equitec Proprietary Markets scooped up 53,972 additional shares in Digital Turbine Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 1,606,872 shares of Digital Turbine Inc which is valued at $1,992,521.Digital Turbine Inc makes up approximately 4.35% of Equitec Proprietary Markets’s portfolio.

Other Hedge Funds, Including , Perkins Capital Management Inc reduced its stake in APPS by selling 2,804 shares or 0.88% in the most recent quarter. The Hedge Fund company now holds 315,425 shares of APPS which is valued at $391,127. Digital Turbine Inc makes up approx 0.43% of Perkins Capital Management Inc’s portfolio.Trellus Management Company boosted its stake in APPS in the latest quarter, The investment management firm added 16,000 additional shares and now holds a total of 470,100 shares of Digital Turbine Inc which is valued at $611,130. Digital Turbine Inc makes up approx 1.38% of Trellus Management Company’s portfolio. Cutler Group Lp sold out all of its stake in APPS during the most recent quarter. The investment firm sold 219 shares of APPS which is valued $239.

Digital Turbine Inc closed down -0.02 points or -1.63% at $1.21 with 1,01,706 shares getting traded on Thursday. Post opening the session at $1.25, the shares hit an intraday low of $1.21 and an intraday high of $1.28 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Digital Turbine Inc reported $-0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jun 13, 2016. Analyst had a consensus of $-0.07. The company had revenue of $23.00 million for the quarter, compared to analysts expectations of $23.10 million. The company’s revenue was up 125.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.22 EPS.

Many Wall Street Analysts have commented on Digital Turbine Inc. Digital Turbine Inc was Downgraded by Ladenburg Thalmann to ” Neutral” on Jun 14, 2016.

Digital Turbine Inc. formerly Mandalay Digital Group Inc. is delivering end-to-end products and solutions for mobile operators application advertisers device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company manages its business in four operating segments: Ignite IQ Appia Core and Content. The four operating segments have been aggregated into two segments: Advertising and Content. The Company’s Advertising business consists of products including the following: DT Ignite a mobile device management solution with targeted application distribution capabilities; DT IQ a customized user experience and application discovery tool; DT Media an advertiser solution for carrier and OEM inventory and Appia Core a mobile user acquisition network. Its Content business consists of the following products: DT Marketplace an application and content store and DT Pay a content management and mobile payment solution.

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