Stock Traders Purchase Large Volume of Call Options on Digital Turbine (NASDAQ:APPS)

Digital Turbine, Inc. (NASDAQ:APPS) saw unusually large options trading activity on Wednesday. Investors bought 16,666 call options on the stock. This represents an increase of 702% compared to the average daily volume of 2,078 call options.

Digital Turbine Stock Up 41.9%

NASDAQ APPS traded up $2.02 during trading on Wednesday, reaching $6.83. 21,086,729 shares of the company’s stock were exchanged, compared to its average volume of 2,920,996. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.80. Digital Turbine has a fifty-two week low of $2.74 and a fifty-two week high of $8.28. The company’s fifty day simple moving average is $3.55 and its 200-day simple moving average is $4.36. The firm has a market capitalization of $818.32 million, a PE ratio of -14.54, a P/E/G ratio of 0.18 and a beta of 2.40.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.07. The business had revenue of $142.55 million during the quarter, compared to analyst estimates of $133.23 million. Digital Turbine had a negative net margin of 8.93% and a positive return on equity of 21.26%. Sell-side analysts predict that Digital Turbine will post 0.21 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on APPS. Wall Street Zen upgraded shares of Digital Turbine from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digital Turbine in a research note on Friday, March 27th. Zacks Research cut shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Bank of America raised shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Wednesday. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.75.

Key Stories Impacting Digital Turbine

Here are the key news stories impacting Digital Turbine this week:

• Positive Sentiment: Digital Turbine beat Q4 expectations with adjusted EPS of $0.16 versus $0.09 expected, while revenue of $142.55 million also topped estimates. Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: The company issued fiscal 2027 revenue guidance of $630 million to $650 million, above the market’s expectation, signaling confidence in continued growth. Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results
• Positive Sentiment: Bank of America upgraded Digital Turbine from neutral to buy and set a $7.50 price target, which added to the bullish sentiment around the stock. Digital Turbine, Inc. (NASDAQ:APPS) Q4 2026 Earnings Call Transcript
• Neutral Sentiment: Management highlighted 20% year-over-year Q4 revenue growth and 53% growth in adjusted EBITDA, reinforcing the view that profitability is improving alongside sales. Digital Turbine Stock Soars After Q4 Double Beat, Strong FY27 Revenue Outlook
• Neutral Sentiment: The company also reported full-year fiscal 2026 revenue growth of 15% and adjusted EBITDA growth of 69%, showing solid operational momentum, though GAAP net losses remain. Digital Turbine Reports Fiscal 2026 Fourth Quarter and Fiscal Year 2026 Financial Results

Institutional Investors Weigh In On Digital Turbine

A number of institutional investors have recently modified their holdings of APPS. Essential Partners LLC increased its stake in shares of Digital Turbine by 167.3% in the first quarter. Essential Partners LLC now owns 9,031 shares of the software maker’s stock worth $26,000 after acquiring an additional 5,652 shares during the last quarter. Quarry LP boosted its position in Digital Turbine by 1,323.4% during the fourth quarter. Quarry LP now owns 5,594 shares of the software maker’s stock valued at $28,000 after purchasing an additional 5,201 shares during the last quarter. Verus Capital Partners LLC acquired a new stake in Digital Turbine during the first quarter valued at $35,000. Strs Ohio purchased a new position in Digital Turbine in the first quarter valued at about $41,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Digital Turbine in the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 63.66% of the company’s stock.

About Digital Turbine

Digital Turbine, Inc (NASDAQ: APPS) is a mobile technology company that streamlines content delivery and app advertising across connected devices. Its platform enables carriers, OEMs, app developers and advertisers to engage users through personalized app recommendations, in-app promotions and turnkey monetization solutions. By integrating software directly on smartphones and tablets, Digital Turbine simplifies the user journey from discovery to installation without requiring additional downloads or redirects through traditional app stores.

The company’s flagship Ignite Platform offers end-to-end campaign management, combining demand-side advertising, real-time analytics and automated content fulfillment.