Digital Turbine (NASDAQ:APPS) Shares Up 9.8% – Time to Buy?

Posted by Stanley Muller on Nov 3rd, 2026

Digital Turbine, Inc. (NASDAQ:APPS – Get Free Report) shares were up 9.8% during trading on Tuesday. The stock traded as high as $9.26 and last traded at $9.2930. Approximately 914,648 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 3,784,407 shares. The stock had previously closed at $8.46.

Key Headlines Impacting Digital Turbine

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

Positive Sentiment: Northland Securities maintained an “Outperform” rating and a $17 price target for Digital Turbine, well above the stock’s recently cited price near $9.29. The firm expects EPS of $0.53 in fiscal 2027 and $0.72 in fiscal 2028, suggesting continued earnings growth. Digital Turbine analyst estimates
Positive Sentiment: Northland’s quarterly forecasts call for EPS of $0.13 in Q2 fiscal 2027, rising to $0.14 in Q3, $0.16 in Q1 fiscal 2028, $0.18 in Q2 and $0.19 in Q3. The estimates reinforce the view that profitability could improve over time.
Positive Sentiment: A Yahoo Finance analysis argues that Digital Turbine may be undervalued after a recent pullback, potentially attracting investors focused on the company’s sales valuation and longer-term recovery prospects. Digital Turbine stock may be undervalued
Neutral Sentiment: The analyst estimates were issued on October 29 and largely repeat the same forecast set across multiple reports, so they appear to provide confirmation of Northland’s existing outlook rather than a major new revision.
Negative Sentiment: Digital Turbine remains a volatile turnaround investment: the Yahoo Finance analysis notes that the stock has fallen 88.4% over five years, while the company continues to face questions about whether expected growth is adequately supported by current sales.

Analysts Set New Price Targets

A number of brokerages have issued reports on APPS. Northland Securities started coverage on Digital Turbine in a research note on Thursday, October 29th. They set an “outperform” rating and a $17.00 price objective for the company. Craig Hallum reiterated a “buy” rating and set a $18.00 target price on shares of Digital Turbine in a research report on Wednesday, August 5th. Wall Street Zen lowered Digital Turbine from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Roth Capital initiated coverage on shares of Digital Turbine in a research report on Thursday, October 15th. They set a “buy” rating and a $19.00 target price on the stock. Finally, Royal Bank Of Canada started coverage on Digital Turbine in a research report on Thursday, October 1st. They issued an “outperform” rating and a $15.00 price objective for the company. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.42.

Read Our Latest Stock Report on Digital Turbine

Digital Turbine Stock Up 9.5%

The company has a debt-to-equity ratio of 1.80, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -35.73, a PEG ratio of 0.47 and a beta of 3.02. The firm’s fifty day moving average is $10.69 and its 200-day moving average is $7.56.

Digital Turbine (NASDAQ:APPS – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The software maker reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Digital Turbine had a negative net margin of 4.46% and a positive return on equity of 38.34%. The business had revenue of $165.98 million during the quarter, compared to the consensus estimate of $149.98 million. On average, sell-side analysts predict that Digital Turbine, Inc. will post 0.68 earnings per share for the current year.

Hedge Funds Weigh In On Digital Turbine

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Digital Turbine by 56.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,353,594 shares of the software maker’s stock valued at $6,778,000 after buying an additional 846,116 shares during the last quarter. GC Wealth Management RIA LLC boosted its holdings in Digital Turbine by 41.9% in the 1st quarter. GC Wealth Management RIA LLC now owns 576,273 shares of the software maker’s stock valued at $1,660,000 after purchasing an additional 170,134 shares during the period. Granahan Investment Management LLC raised its holdings in Digital Turbine by 12.0% in the 1st quarter. Granahan Investment Management LLC now owns 7,112,351 shares of the software maker’s stock valued at $20,484,000 after acquiring an additional 762,888 shares in the last quarter. Globeflex Capital L P bought a new position in Digital Turbine in the 1st quarter valued at about $1,227,000. Finally, AIGH Capital Management LLC acquired a new stake in shares of Digital Turbine in the 1st quarter valued at $14,100,000. Institutional investors own 63.66% of the company’s stock.

About Digital Turbine

(Get Free Report)

Digital Turbine, Inc (NASDAQ: APPS) is a mobile advertising and application distribution company that helps advertisers, mobile carriers, device manufacturers and application developers connect with smartphone users. Its platform is designed to support the discovery, distribution, promotion and monetization of mobile applications and digital content.

The company provides technology that can be integrated into mobile devices and operating systems, including tools for app recommendations, device setup and application installation.