Digital Turbine Stock Set to Join S&P MidCap 400

The equity already sports an over 148% year-over-year lead

Digital Content Manager
Aug 31, 2021 at 3:41 PM
facebook X logo linkedin

The shares of Digital Turbine Inc (NASDAQ:APPS) are surging today, last seen up 17.5% to trade at $60.23 at last check, after news came out that the advertising name will join the S&P MidCap 400. The company is set to replace Ligand Pharmaceuticals (LGND) on Sept. 7.

Analysts are already chiming in on the update. Canaccord Genuity upgraded the equity to "buy" from "hold," and raised its price target to $95 from $80. Meanwhile, Macquarie initiated coverage of APPS with a "neutral" rating and $60 price target. The brokerage bunch was already optimistic towards the stock, with three of four analysts in question sporting a "strong buy," while its 12-month target price of $101.17 is a massive 68.2% premium to current levels.

Digital Turbine stock has experienced some volatility since its March 2, all-time high of $102.55. Shares have recently bounced off the $48 mark, though, and are on pace to overcome resistance at the 40-day moving average, which had been pressuring the security lower since July. The equity is also looking to nab its best session in five months, and sports a 148.4% year-over-year lead. 

APPS 40 Day

Drilling down to today's options activity, 61,000 calls and 14,000 puts have crossed the tape, which is four times the intraday average. Most popular is the weekly 9/3 60-strike call, followed by the 63-strike call in the same series, with new positions currently being opened at both.

The equity has exceeded option traders' volatility expectations during the past year -- a good thing for buyers. This is per its Schaeffer's Volatility Scorecard (SVS), which sits at an elevated 89 out of a possible 100. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI