Analysts Set AppLovin Co. (NASDAQ:APP) PT at $414.05

Shares of AppLovin Co. (NASDAQ:APP - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twenty-two analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $415.15.

Several research firms have recently commented on APP. JPMorgan Chase & Co. decreased their price objective on AppLovin from $475.00 to $270.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. UBS Group decreased their price target on AppLovin from $630.00 to $450.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group increased their price objective on AppLovin from $400.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, January 8th. Benchmark lifted their target price on shares of AppLovin from $375.00 to $525.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Citigroup raised their price target on shares of AppLovin from $460.00 to $600.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th.

AppLovin Price Performance

Shares of AppLovin stock traded up $20.32 during trading on Tuesday, hitting $299.81. 2,569,214 shares of the stock traded hands, compared to its average volume of 5,913,412. The firm's fifty day moving average is $278.21 and its 200-day moving average is $303.70. The stock has a market cap of $101.92 billion, a price-to-earnings ratio of 65.97, a PEG ratio of 3.02 and a beta of 2.39. AppLovin has a 52 week low of $60.67 and a 52 week high of $525.15. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70.

AppLovin (NASDAQ:APP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.73 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.61. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. Research analysts expect that AppLovin will post 6.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Vasily Shikin sold 17,500 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $241.65, for a total value of $4,228,875.00. Following the completion of the transaction, the chief technology officer now directly owns 88,389 shares in the company, valued at $21,359,201.85. The trade was a 16.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Arash Adam Foroughi sold 44,400 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $410.89, for a total value of $18,243,516.00. Following the completion of the transaction, the chief executive officer now directly owns 2,869,492 shares in the company, valued at $1,179,045,567.88. This trade represents a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 306,900 shares of company stock worth $106,401,841 in the last 90 days. Insiders own 14.69% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GHP Investment Advisors Inc. purchased a new position in shares of AppLovin in the 4th quarter worth $25,000. Fuller & Thaler Asset Management Inc. purchased a new position in AppLovin in the fourth quarter worth about $25,000. Atala Financial Inc bought a new stake in shares of AppLovin during the 1st quarter valued at about $26,000. Alpine Bank Wealth Management purchased a new stake in shares of AppLovin during the 1st quarter valued at about $27,000. Finally, Riverview Trust Co lifted its stake in shares of AppLovin by 1,640.0% in the 4th quarter. Riverview Trust Co now owns 87 shares of the company's stock worth $28,000 after purchasing an additional 82 shares during the period. Institutional investors own 41.85% of the company's stock.

AppLovin Company Profile

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.