Digital Turbine (NASDAQ:APPS) Hits New 12-Month High – Here’s Why

Digital Turbine, Inc. (NASDAQ:APPS) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $13.98 and last traded at $13.98, with a volume of 5630249 shares. The stock had previously closed at $9.51.

Key Headlines Impacting Digital Turbine

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

• Positive Sentiment: Fiscal Q1 2027 revenue rose 27% year over year to $166.0 million, exceeding analyst expectations of roughly $150 million to $153 million. Adjusted EPS was $0.19, while reported EPS of $0.17 also surpassed consensus estimates. Digital Turbine Reports Strong Fiscal 2027 First Quarter Financial Results and Raises Full-Year Guidance
• Positive Sentiment: Adjusted EBITDA increased 69% to $42.5 million, adjusted net income reached $24.1 million, and gross profit grew 32.3% to $82.0 million, indicating operating leverage and stronger margins. Digital Turbine Reports Strong Fiscal 2027 First Quarter Financial Results
• Positive Sentiment: Digital Turbine raised fiscal 2027 revenue guidance to $650 million-$670 million, above the approximately $645 million consensus forecast, and increased adjusted EBITDA guidance to $145 million-$155 million. Management cited international expansion and AI-related momentum. Digital Turbine Forecasts FY2027 Revenue and Adjusted EBITDA
• Positive Sentiment: Operating cash flow more than doubled to $17.9 million, while cash and equivalents increased to $43.2 million, supporting the improving earnings narrative. Digital Turbine Stock Rises on Q1 2027 Earnings
• Neutral Sentiment: GAAP results remained negative, with a $3.2 million net loss, or $(0.03) per share. Investors may continue to focus on the company’s ability to convert strong adjusted profitability into sustained GAAP earnings.
• Negative Sentiment: Digital Turbine continues to carry meaningful leverage, with a debt-to-equity ratio of 1.84, while recent insider activity included a small share sale. These factors could limit upside if growth or cash generation weakens.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of Digital Turbine from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Benchmark began coverage on shares of Digital Turbine in a research note on Tuesday, July 21st. They issued a “buy” rating and a $15.00 price target for the company. Zacks Research cut shares of Digital Turbine from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Bank of America raised shares of Digital Turbine from a “neutral” rating to a “buy” rating and set a $7.50 price objective on the stock in a research note on Wednesday, May 27th. Finally, Roth Capital began coverage on shares of Digital Turbine in a report on Tuesday, July 21st. They issued a “buy” rating and a $11.50 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Digital Turbine Trading Up 42.6%

The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $1.64 billion, a PE ratio of -37.67, a price-to-earnings-growth ratio of 0.70 and a beta of 2.81. The stock has a 50-day simple moving average of $9.60 and a two-hundred day simple moving average of $5.96.

Digital Turbine (NASDAQ:APPS) last announced its quarterly earnings results on Tuesday, May 26th. The software maker reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.07. Digital Turbine had a negative net margin of 6.68% and a positive return on equity of 27.60%. The firm had revenue of $142.55 million for the quarter, compared to the consensus estimate of $133.22 million. As a group, sell-side analysts anticipate that Digital Turbine, Inc. will post 0.68 EPS for the current year.

Institutional Investors Weigh In On Digital Turbine

Several institutional investors and hedge funds have recently added to or reduced their stakes in APPS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Digital Turbine by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,539 shares of the software maker’s stock valued at $156,000 after buying an additional 2,449 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Digital Turbine by 74.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,021,687 shares of the software maker’s stock worth $2,774,000 after buying an additional 437,310 shares during the last quarter. Strs Ohio bought a new stake in shares of Digital Turbine in the first quarter worth $41,000. Creative Planning grew its holdings in shares of Digital Turbine by 39.2% in the second quarter. Creative Planning now owns 21,289 shares of the software maker’s stock worth $126,000 after acquiring an additional 5,991 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Digital Turbine by 272.0% during the second quarter. JPMorgan Chase & Co. now owns 686,327 shares of the software maker’s stock valued at $4,049,000 after acquiring an additional 501,829 shares during the last quarter. Hedge funds and other institutional investors own 63.66% of the company’s stock.

Digital Turbine Company Profile

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.