Digital Turbine Inc (NASDAQ:APPS) Director Michelle M. Sterling Acquires 13,640 Shares

Digital Turbine Inc (NASDAQ:APPS) Director Michelle M. Sterling acquired 13,640 shares of Digital Turbine stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of $7.45 per share, with a total value of $101,618.00. Following the transaction, the director now owns 12,199 shares in the company, valued at approximately $90,882.55. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of APPS traded down $0.11 during midday trading on Friday, hitting $7.96. The stock had a trading volume of 2,442,100 shares, compared to its average volume of 1,664,610. Digital Turbine Inc has a fifty-two week low of $1.54 and a fifty-two week high of $8.51. The business has a 50-day simple moving average of $6.80 and a two-hundred day simple moving average of $5.70. The firm has a market cap of $711.40 million, a P/E ratio of 159.20 and a beta of 1.45.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Digital Turbine from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective for the company in a research report on Wednesday, November 6th. ValuEngine lowered shares of Digital Turbine from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub lowered shares of Digital Turbine from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Finally, B. Riley set a $7.00 price objective on shares of Digital Turbine and gave the company a “buy” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $6.06.

Several institutional investors and hedge funds have recently made changes to their positions in APPS. Bank of Montreal Can acquired a new position in shares of Digital Turbine in the second quarter worth about $32,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Digital Turbine in the second quarter worth about $33,000. Commonwealth Equity Services LLC acquired a new position in shares of Digital Turbine in the third quarter worth about $67,000. Delta Investment Management LLC acquired a new position in shares of Digital Turbine in the second quarter worth about $75,000. Finally, Cornerstone Wealth Group LLC boosted its holdings in shares of Digital Turbine by 14.4% in the third quarter. Cornerstone Wealth Group LLC now owns 14,300 shares of the software maker’s stock worth $92,000 after buying an additional 1,800 shares during the period. Institutional investors own 35.86% of the company’s stock.

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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