AppLovin (NASDAQ:APP) Trading Down 5.5% - What's Next?

AppLovin Co. (NASDAQ:APP - Get Free Report) traded down 5.5% on Monday . The stock traded as low as $224.51 and last traded at $225.21. 1,417,282 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 5,814,607 shares. The stock had previously closed at $238.22.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APP. Oppenheimer reaffirmed an "outperform" rating and issued a $560.00 price objective on shares of AppLovin in a research note on Thursday, March 27th. FBN Securities assumed coverage on AppLovin in a research report on Friday, March 28th. They issued an "outperform" rating and a $385.00 price target on the stock. Benchmark upped their price objective on AppLovin from $375.00 to $525.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Bank of America raised their target price on AppLovin from $375.00 to $580.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Citigroup upped their price target on AppLovin from $460.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, AppLovin presently has an average rating of "Moderate Buy" and an average price target of $414.05.

AppLovin Stock Performance

The stock has a fifty day simple moving average of $291.16 and a 200-day simple moving average of $299.96. The stock has a market cap of $94.11 billion, a P/E ratio of 60.98, a PEG ratio of 3.02 and a beta of 2.39. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.41 and a current ratio of 2.41.

AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.12 by $0.61. AppLovin had a return on equity of 188.55% and a net margin of 33.54%. On average, equities analysts expect that AppLovin Co. will post 6.87 earnings per share for the current year.

Insider Activity

In other AppLovin news, CTO Vasily Shikin sold 17,500 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was 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. This trade represents a 16.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Herald Y. Chen sold 200,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $324.65, for a total value of $64,930,000.00. Following the sale, the director now owns 621,209 shares in the company, valued at approximately $201,675,501.85. This represents a 24.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 306,900 shares of company stock worth $106,401,841 over the last ninety days. Insiders own 14.69% of the company's stock.

Institutional Trading of AppLovin

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