Digital Turbine Inc (NASDAQ:APPS) Director Sells $144,585.38 in Stock

Digital Turbine Inc (NASDAQ:APPS) Director Paul M. Schaeffer sold 31,847 shares of Digital Turbine stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $4.54, for a total transaction of $144,585.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NASDAQ:APPS opened at $4.41 on Tuesday. Digital Turbine Inc has a one year low of $1.12 and a one year high of $4.96. The company has a market cap of $388.00 million, a PE ratio of 118.75 and a beta of 1.67.

Several large investors have recently modified their holdings of APPS. DORCHESTER WEALTH MANAGEMENT Co acquired a new stake in shares of Digital Turbine during the 1st quarter worth approximately $35,000. Cornerstone Wealth Group LLC acquired a new stake in shares of Digital Turbine during the 1st quarter worth approximately $44,000. Bayesian Capital Management LP acquired a new stake in shares of Digital Turbine during the 1st quarter worth approximately $57,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Digital Turbine during the 1st quarter worth approximately $63,000. Finally, Millennium Management LLC bought a new position in Digital Turbine during the 4th quarter worth approximately $83,000. Institutional investors own 27.95% of the company’s stock.

Several equities research analysts have recently commented on APPS shares. B. Riley reiterated a “buy” rating and set a $4.00 price target (up previously from $2.90) on shares of Digital Turbine in a research report on Tuesday, February 26th. Zacks Investment Research cut shares of Digital Turbine from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. LADENBURG THALM/SH SH lifted their price target on shares of Digital Turbine from $4.50 to $5.10 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Craig Hallum set a $6.00 price target on shares of Digital Turbine and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, National Securities reiterated a “buy” rating and set a $4.50 price target on shares of Digital Turbine in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Digital Turbine has a consensus rating of “Buy” and an average price target of $4.97.

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Digital Turbine Company Profile

Digital Turbine, Inc, through its subsidiaries, provides media and mobile communication solutions for mobile operators, application developers, device original equipment manufacturers, and other third parties worldwide. The company offers Ignite, a mobile application management software to control, manage, and monetize the applications that are installed on mobile devices and professional services directly related to the ignite platform.

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