AppLovin (NASDAQ:APP) Receives "Outperform" Rating from Wedbush

Key Points

• Wedbush has reissued a rating of "outperform" for AppLovin's stock, with a target price of $620.00, indicating a potential upside of 43.18% from current levels.
• A variety of research analysts have provided mixed ratings for AppLovin, with a consensus of "Moderate Buy" and an average price target of $470.19.
• AppLovin reported earnings of $2.26 per share in the last quarter, exceeding analysts' expectations, though its revenue fell short of projections at $1.26 billion.

Wedbush restated their outperform rating on shares of AppLovin (NASDAQ:APP - Free Report) in a research report report published on Thursday,RTT News reports. The brokerage currently has a $620.00 price objective on the stock. Wedbush also issued estimates for AppLovin's Q3 2025 earnings at $2.44 EPS.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group increased their price target on shares of AppLovin from $460.00 to $530.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Piper Sandler upped their price objective on shares of AppLovin from $470.00 to $500.00 and gave the company an "overweight" rating in a research note on Thursday. UBS Group upped their price objective on shares of AppLovin from $450.00 to $475.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Citigroup reaffirmed a "buy" rating on shares of AppLovin in a research note on Thursday, May 29th. Finally, Wall Street Zen raised shares of AppLovin from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $472.33.

AppLovin Price Performance

AppLovin stock traded up $21.81 during midday trading on Thursday, reaching $459.15. 4,830,099 shares of the stock were exchanged, compared to its average volume of 7,198,875. The company's fifty day moving average is $365.28 and its 200-day moving average is $339.24. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $155.37 billion, a PE ratio of 65.22, a PEG ratio of 2.33 and a beta of 2.43. AppLovin has a 52 week low of $72.81 and a 52 week high of $525.15.

AppLovin (NASDAQ:APP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $2.26 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.21. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.37 billion. AppLovin had a net margin of 45.72% and a return on equity of 274.45%. The business's revenue for the quarter was up 77.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. On average, sell-side analysts forecast that AppLovin will post 6.87 EPS for the current year.

Insider Transactions at AppLovin

In related news, Director Herald Y. Chen sold 100,000 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $419.91, for a total value of $41,991,000.00. Following the completion of the transaction, the director directly owned 181,929 shares in the company, valued at $76,393,806.39. This trade represents a 35.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dawson Alyssa Harvey sold 513 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $420.30, for a total transaction of $215,613.90. Following the completion of the transaction, the director owned 3,451 shares of the company's stock, valued at approximately $1,450,455.30. The trade was a 12.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,212,968 shares of company stock worth $455,062,980. 13.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Kingswood Wealth Advisors LLC boosted its holdings in shares of AppLovin by 5.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,663 shares of the company's stock worth $445,000 after buying an additional 80 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in AppLovin by 62.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 172,378 shares of the company's stock worth $45,675,000 after purchasing an additional 66,453 shares during the last quarter. Yousif Capital Management LLC increased its position in AppLovin by 3.5% in the first quarter. Yousif Capital Management LLC now owns 3,544 shares of the company's stock worth $939,000 after purchasing an additional 119 shares during the last quarter. Peak Retirement Planning Inc. bought a new stake in AppLovin in the fourth quarter worth $969,000. Finally, Assenagon Asset Management S.A. increased its position in AppLovin by 3.0% in the first quarter. Assenagon Asset Management S.A. now owns 4,173 shares of the company's stock worth $1,106,000 after purchasing an additional 121 shares during the last quarter. 41.85% of the stock is currently owned by institutional investors.

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.