According to a recent Form 13F filing submitted to the SEC, Jacob Asset Management of New York LLC disclosed a noteworthy and bullish investment in APPS stock. Here’s what you need to know about Digital Turbine, Inc., as well as Jacob Asset Management of New York LLC and their long position in shares of APPS stock:
Founded in 1999, Jacob Asset Management is a boutique investments firm that offers a full range of actively managed investment solutions including exchange traded funds, mutual funds, and more.
About Digital Turbine, Inc. (APPS)
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 three segments: On Device Media, In App Media – AdColony, and In App Media – Fyber. 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 sponsored and editorial content media. The company also provides an end-to-end platform for brands, agencies, publishers, and application developers to deliver advertising to consumers on mobile devices; and a platform that allows mobile application developers and digital publishers to monetize their content through display, native, and video advertising. It operates in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, China, Mexico, Central America, and South America. The company is headquartered in Austin, Texas.
Jacob Asset Management Buys Stock in APPS
According to the most recent 13F filed by Jacob Asset Management of New York, the firm added 4,459 shares of APPS stock to it holdings in the recent quarter. That brings their total long position in Digital Turbine, Inc. to 212,383 shares, representing just a small fraction of the 98,843,199 APPS shares outstanding. That said, based on the most recent closing price of $10.77 per share of APPS, the entire Jacob Asset Management Of New York Llc position in Digital Turbine, Inc. is worth roughly $2,287,364.91.
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Jacob Asset Management of New York LLC. Also be sure to check out more recent 13F filing analysis news here.