SG Americas Securities LLC Increases Holdings in Digital Turbine, by 917.8% in Q1
August 2, 2023
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Digital Turbine ($NASDAQ:APPS), Inc. is a mobile technology platform that connects mobile operators and device manufacturers with advertisers, app developers, and other entities. It provides solutions for the discovery, management, and monetization of mobile content and apps. The company’s core services include Appia, an app discovery and distribution platform, and Mobile2Monetize, a monetization platform.
The increase in SG Americas Securities LLC’s holdings of Digital Turbine, Inc. shows the company’s confidence in the stock and may suggest that they believe there is potential for growth in the company. This could be beneficial for both the company and investors alike, as Digital Turbine, Inc. is likely to benefit from the increased investment, while investors may see potential gains if the company performs well in the future.
Analysis
GoodWhale has conducted an extensive analysis of DIGITAL TURBINE‘s wellbeing, and based on our Star Chart, DIGITAL TURBINE can be classified as a “rhino,” a type of company we conclude that has achieved moderate revenue or earnings growth. We believe that DIGITAL TURBINE would be of interest to growth investors, as it is strong in terms of growth and profitability, and weak in terms of assets and dividends. Additionally, DIGITAL TURBINE has a high health score of 8/10, indicating that it is capable to sustain future operations in times of crisis. Our analysis suggests that DIGITAL TURBINE may be a good option for investors looking for modest returns with a relatively low risk profile. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Digital Turbine. More…
| Total Revenues | Net Income | Net Margin |
| 665.92 | 16.67 | 2.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Digital Turbine. More…
| Operations | Investing | Financing |
| 15.86 | -9.76 | -11.59 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Digital Turbine. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.27k | 659.3 | 6.11 |
Key Ratios Snapshot
Some of the financial key ratios for Digital Turbine are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 68.7% | 51.7% | 6.8% |
| FCF Margin | ROE | ROA |
| 1.6% | 4.7% | 2.2% |
Peers
Digital Turbine Inc is in competition with The Trade Desk Inc, Apple Inc, and Newborn Town Inc. All of these companies are vying for a piece of the digital advertising pie. Digital Turbine Inc has a lot of experience in the industry, and it has been able to adapt to the ever-changing landscape. Its competitors are all large companies with a lot of resources, but they have not been able to keep up with Digital Turbine Inc’s innovation.
– The Trade Desk Inc ($NASDAQ:TTD)
The Trade Desk Inc is a technology company that provides a self-service omnichannel software platform for advertising buyers. The company has a market cap of 26.66B as of 2022 and a Return on Equity of 1.45%. The Trade Desk’s platform enables its clients to purchase and manage advertising inventory across various channels, including display, video, audio, native, and social, on a self-service basis. The company was founded in 2009 and is headquartered in Los Angeles, CA.
– Apple Inc ($NASDAQ:AAPL)
Apple Inc, is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services. The company’s hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, the Apple TV digital media player, and the HomePod smart speaker. Apple’s software includes the macOS and iOS operating systems, the iTunes media player, the Safari web browser, and the iWork productivity suite. Its online services include the iTunes Store, the iOS App Store, and Mac App Store, Apple Music, and iCloud.
Apple has a market cap of 2.29T as of 2022 and a Return on Equity of 162.51%.
– Newborn Town Inc ($SEHK:09911)
Newborn Town Inc is a publicly traded company with a market capitalization of 1.72 billion as of 2022. The company has a return on equity of -34.07%. Newborn Town Inc is a provider of online marketing and advertising services. The company offers a range of services, including search engine optimization, social media marketing, and email marketing. Newborn Town Inc is headquartered in New York, New York.
Summary
SG Americas Securities LLC, one of the company’s major investors, has grown their holdings by an impressive 917.8%. This strong show of financial support indicates that the company is seen as a viable investment opportunity by a major investor, and market analysts suggest that the company may have more potential upside moving forward. Investors should keep a close eye on Digital Turbine as this could signal a profitable time to invest.
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