Digital Turbine Inc (NASDAQ:APPS) Director Paul M. Schaeffer sold 31,847 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $4.54, for a total value of $144,585.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NASDAQ:APPS opened at $4.40 on Wednesday. Digital Turbine Inc has a fifty-two week low of $1.12 and a fifty-two week high of $4.96. The firm has a market cap of $359.41 million, a P/E ratio of 88.00 and a beta of 1.67.

Several brokerages have recently issued reports on APPS. Zacks Investment Research raised Digital Turbine from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a report on Wednesday, April 10th. Craig Hallum set a $6.00 price objective on Digital Turbine and gave the stock a “buy” rating in a report on Tuesday, June 4th. National Securities reaffirmed a “buy” rating and set a $4.50 price objective on shares of Digital Turbine in a report on Tuesday, June 4th. BidaskClub cut Digital Turbine from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, LADENBURG THALM/SH SH increased their price target on Digital Turbine from $4.50 to $5.10 and gave the company a “buy” rating in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $4.97.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its position in shares of Digital Turbine by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 2,847,934 shares of the software maker’s stock worth $3,532,000 after acquiring an additional 12,400 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Digital Turbine in the 4th quarter valued at about $210,000. Lindbrook Capital LLC acquired a new stake in shares of Digital Turbine in the 4th quarter valued at about $241,000. BlackRock Inc. boosted its position in shares of Digital Turbine by 5.1% in the 4th quarter. BlackRock Inc. now owns 349,869 shares of the software maker’s stock valued at $640,000 after purchasing an additional 16,845 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Digital Turbine by 66.1% in the 4th quarter. Bank of New York Mellon Corp now owns 45,474 shares of the software maker’s stock valued at $83,000 after purchasing an additional 18,102 shares during the period. Institutional investors own 27.95% of the company’s stock.

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About Digital Turbine

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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