Digital Turbine, Inc. (NASDAQ:APPS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of Digital Turbine, Inc. (NASDAQ:APPS – Get Rating) by 29.3% in the fourth quarter, HoldingsChannel reports. The firm owned 92,425 shares of the software maker’s stock after selling 38,293 shares during the period. Thrivent Financial for Lutherans’ holdings in Digital Turbine were worth $1,409,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Digital Turbine during the 1st quarter valued at about $58,000. Canada Pension Plan Investment Board bought a new stake in shares of Digital Turbine during the 1st quarter worth about $73,000. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of 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. Fiduciary Alliance LLC bought a new stake in shares of Digital Turbine during the 4th quarter worth about $38,000. Finally, Liberty One Investment Management LLC bought a new stake in shares of Digital Turbine during the 3rd quarter worth about $52,000. 62.45% of the stock is owned by institutional investors and hedge funds.

Digital Turbine Price Performance

Shares of NASDAQ:APPS opened at $13.78 on Monday. Digital Turbine, Inc. has a one year low of $9.13 and a one year high of $27.18. The stock has a fifty day moving average of $11.89 and a 200-day moving average of $13.91. The company has a market capitalization of $1.37 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.50 and a beta of 2.47. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.18 and a current ratio of 1.18.

Insider Activity

In other news, Director Robert M. Deutschman bought 15,000 shares of the business’s stock in a transaction on Monday, March 13th. The shares were bought at an average cost of $9.80 per share, with a total value of $147,000.00. Following the purchase, the director now directly owns 289,017 shares in the company, valued at $2,832,366.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Robert M. Deutschman bought 15,000 shares of the business’s stock in a transaction on Monday, March 13th. The shares were bought at an average cost of $9.80 per share, with a total value of $147,000.00. Following the purchase, the director now directly owns 289,017 shares in the company, valued at $2,832,366.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William Gordon Stone III sold 35,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $10.54, for a total transaction of $368,900.00. Following the sale, the chief executive officer now directly owns 1,647,789 shares in the company, valued at $17,367,696.06. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on APPS shares. B. Riley dropped their price target on shares of Digital Turbine from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, March 13th. StockNews.com started coverage on shares of Digital Turbine in a research report on Thursday. They set a “sell” rating on the stock. Macquarie downgraded shares of Digital Turbine from an “outperform” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Friday, February 17th. Oppenheimer downgraded shares of Digital Turbine from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 9th. Finally, Craig Hallum dropped their target price on shares of Digital Turbine from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.17.

About Digital Turbine

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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).