Digital Turbine (APPS) has been bouncing around these past month-month and a half. It had recovered quickly from the early March drop, but definitely had me wondering what has been going on as it bounces below the SMA200.
- Acquires approximately 95% of the shares in Fyber N. V. for $600m (Mobile Advertising Monetization). This was a great add, and has spurred some growth since late March. This purchase will help APPS with ad mediation/realtime bidding.
- Acquired Triapodi (dba Appreciate), programmatic mobile advertising company
Although this company may be viewed as overvalued at the moment, it is a growth play – we will continue to hold APPS, and try to resist pitching to double down.