B. Riley Financial, Inc. is the second biggest holder of Digital Turbine, Inc. (APPS)

Digital Turbine, Inc. (NASDAQ:APPS) is on recovery track with 169.49% gain from a 1-year low price of $0.59. The company added 7.43% to attain the price of $1.59 on 11/13/2017. Throughout the recent session, the prices were hovering between $1.49 and $1.59. These shares are 55.35% off its target price of $2.47 and the current market capitalization stands at $106.58M. The recent change has given its price a 9.13% lead over SMA 50 and -3.05% deficit over its 52-week high. The stock witnessed -1.24% declines, 32.5% gains and 37.07% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found APPS’s volatility during a week at 5.49% and during a month it has been found around 5.66%.

Digital Turbine, Inc. (APPS) Top Holders

Institutional investors currently hold around $17 million or 46% in APPS stock. Look at its top three institutional owners. Goldman Capital Management Inc owns $2.79 million in Digital Turbine, Inc., which represents roughly 2.62% of the company’s market cap and approximately 16.41% of the institutional ownership. Similar statistics are true for the second largest owner, B. Riley Financial, Inc., which owns 1,682,399 shares of the stock are valued at $2.49 million. The third largest holder is S Squared Technology, Llc, which currently holds $1.71 million worth of this stock and that ownership represents nearly 1.61% of its market capitalization.

Digital Turbine, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 20 institutional holders increased their position in Digital Turbine, Inc. (NASDAQ:APPS) by some 2,260,174 shares, 12 decreased positions by 1,614,987 and 5 held positions by 7,803,362. That puts total institutional holdings at 11,678,523 shares, according to SEC filings. The stock grabbed 9 new institutional investments totaling 1,524,439 shares while 4 institutional investors sold out their entire positions totaling 240,787 shares.

Digital Turbine, Inc. (NASDAQ:APPS) Insider Trades

Multiple company employees have indulged in significant insider trading. Digital Turbine, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Stone William Gordon Iii has acquired 50,000 shares of Digital Turbine, Inc. (APPS) in trading session dated Nov. 13, 2017. These shares are worth $78,000 and were traded at $1.56 each. The SEC filing shows that Stone William Gordon Iii performed a purchase of 126,400 shares. The CEO added these shares by way of transaction on Aug. 11, 2017. The company’s shares were assimilated at $1.12 per share worth to an investment of some $141,568 on account of Stone William Gordon Iii.

CEO, Stone William Gordon Iii, purchased 101,000 common shares of Digital Turbine, Inc. (APPS) in the open market. In a transaction dated Mar. 10, 2017, the shares were bought at an average price of $0.88, giving away a sum of $88,880. After this purchase, 763,080 common shares of APPS are directly owned by the insider, with total stake valued at $1,213,297.

In the transaction dated Dec. 08, 2016, the great number of shares acquired came courtesy the Director; Deutschman Robert M added a total of 150,000 shares at an average price of $0.61, amounting to approximately $91,500. The insider now directly owns 690,267 shares worth $1,097,525.

Digital Turbine, Inc. (APPS) Analyst Guide

Several analysts have released their opinion on Digital Turbine, Inc. (NASDAQ:APPS), with 4 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1 average brokerage recommendation.

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