Digital Turbine, Inc. (NASDAQ:APPS – Get Rating) CEO William Gordon Stone III sold 35,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $10.54, for a total value of $368,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,647,789 shares of the company’s stock, valued at $17,367,696.06. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
William Gordon Stone III also recently made the following trade(s):
- On Thursday, March 2nd, William Gordon Stone III sold 36,025 shares of Digital Turbine stock. The shares were sold at an average price of $10.75, for a total value of $387,268.75.
Digital Turbine Stock Performance
APPS traded down $0.15 on Friday, reaching $10.23. 3,758,704 shares of the stock were exchanged, compared to its average volume of 2,399,725. The company’s 50-day moving average price is $13.74 and its 200 day moving average price is $15.06. Digital Turbine, Inc. has a fifty-two week low of $9.13 and a fifty-two week high of $47.47. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $1.01 billion, a PE ratio of 20.88, a PEG ratio of 1.01 and a beta of 2.49.
Hedge Funds Weigh In On Digital Turbine
Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in shares of Digital Turbine in the 1st quarter valued at about $58,000. Canada Pension Plan Investment Board purchased a new stake in Digital Turbine during the 1st quarter worth approximately $73,000. Parkside Financial Bank & Trust increased its stake in Digital Turbine by 74.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,737 shares of the software maker’s stock worth $25,000 after buying an additional 741 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Digital Turbine during the 4th quarter worth approximately $31,000. Finally, Bank Julius Baer & Co. Ltd Zurich increased its stake in Digital Turbine by 90.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,343 shares of the software maker’s stock worth $34,000 after buying an additional 1,110 shares in the last quarter. Hedge funds and other institutional investors own 62.45% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on APPS. Macquarie downgraded Digital Turbine from an “outperform” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Friday, February 17th. Craig Hallum reduced their price target on Digital Turbine from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 9th. StockNews.com started coverage on Digital Turbine in a report on Thursday. They set a “sell” rating on the stock. Oppenheimer downgraded Digital Turbine from an “outperform” rating to a “market perform” rating in a report on Thursday, February 9th. Finally, B. Riley reduced their price objective on Digital Turbine from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.17.
Digital Turbine Company Profile
Digital Turbine, Inc engages in the innovation of media and mobile communications which help to deliver an end-to-end platform solution for mobile operators, application developers, device original equipment manufacturers (OEM), and other third parties. It operates through the Following Segments: On Device Media (ODM), In App Media-AdColony (IAM-A) and In App Media-Fyber (IAM-F).
- Get a free copy of the StockNews.com research report on Digital Turbine (APPS)
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