Digital Turbine: Transformation Is Progressing (Rating Upgrade)

Group 1 - Digital Turbine (NASDAQ: APPS) reported mixed results in Q4 of FY25, which has led to a temporary increase in stock price despite ongoing business struggles [1] - Richard Durant leads Narweena, an asset manager focused on identifying market dislocations due to misinterpretations of long-term business prospects [1] - Narweena aims to achieve excess risk-adjusted returns by targeting businesses with secular growth opportunities in markets with high barriers to entry [1] Group 2 - Narweena's research emphasizes company and industry fundamentals to uncover unique insights, with a focus on smaller cap stocks and less obvious competitive advantages [1] - The investment strategy is influenced by an aging population, low population growth, and stagnating productivity, which may create new investment opportunities [1] - The economic landscape is shifting towards asset-light businesses, reducing the need for infrastructure investments, leading to increased asset prices and compressed risk premia [1]