AppLovin (NASDAQ:APP - Get Free Report) was upgraded by analysts at Phillip Securities from a "moderate buy" rating to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.
Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada lowered their price target on shares of AppLovin from $700.00 to $575.00 and set an "outperform" rating on the stock in a report on Thursday, August 6th. Argus began coverage on shares of AppLovin in a report on Tuesday, April 14th. They set a "buy" rating and a $520.00 price objective for the company. Weiss Ratings upgraded shares of AppLovin from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. Wells Fargo & Company reissued an "equal weight" rating and issued a $357.00 target price (down from $575.00) on shares of AppLovin in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of AppLovin from $500.00 to $515.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $573.45.
Check Out Our Latest Stock Report on AppLovin
AppLovin Price Performance
Shares of APP stock opened at $318.68 on Tuesday. AppLovin has a 12 month low of $318.12 and a 12 month high of $745.61. The company has a market capitalization of $107.06 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.63 and a beta of 2.54. The stock has a 50 day moving average of $462.95 and a two-hundred day moving average of $460.08. The company has a current ratio of 4.30, a quick ratio of 4.30 and a debt-to-equity ratio of 1.11.
AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $3.76 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $3.76. The business had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.94 billion. AppLovin had a return on equity of 193.10% and a net margin of 64.58%.AppLovin's quarterly revenue was up 52.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.39 earnings per share. As a group, equities analysts expect that AppLovin will post 15.56 EPS for the current year.
Insider Transactions at AppLovin
In other news, Director Eduardo Vivas sold 163,910 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $504.06, for a total value of $82,620,474.60. Following the transaction, the director directly owned 6,785,087 shares of the company's stock, valued at $3,420,090,953.22. The trade was a 2.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victoria Valenzuela sold 20,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $565.89, for a total value of $11,317,800.00. Following the sale, the insider owned 243,961 shares in the company, valued at approximately $138,055,090.29. This trade represents a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 393,000 shares of company stock valued at $197,297,363. 12.81% of the stock is owned by company insiders.
Hedge Funds Weigh In On AppLovin
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of AppLovin by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 25,120,575 shares of the company's stock valued at $16,926,746,000 after buying an additional 166,117 shares during the last quarter. State Street Corp grew its holdings in AppLovin by 0.4% during the 4th quarter. State Street Corp now owns 11,904,843 shares of the company's stock worth $8,021,721,000 after acquiring an additional 52,377 shares during the last quarter. Geode Capital Management LLC grew its holdings in AppLovin by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 7,167,003 shares of the company's stock worth $4,817,269,000 after acquiring an additional 448,005 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in AppLovin by 3.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,089,735 shares of the company's stock valued at $4,103,386,000 after acquiring an additional 212,349 shares in the last quarter. Finally, Morgan Stanley increased its position in AppLovin by 10.7% in the 4th quarter. Morgan Stanley now owns 5,561,646 shares of the company's stock valued at $3,747,551,000 after acquiring an additional 538,806 shares in the last quarter. Institutional investors and hedge funds own 41.85% of the company's stock.
Key Headlines Impacting AppLovin
Here are the key news stories impacting AppLovin this week:
- Positive Sentiment: Some analysts argue the selloff has created an attractive entry point. AppLovin delivered 53% year-over-year second-quarter revenue growth and margins above 75%, while expansion into consumer brands, non-gaming applications, web and connected TV could materially increase its addressable market. AppLovin: I Am Buying The Q2 Stock Plunge
- Positive Sentiment: Other commentary maintains that the market overreacted to AppLovin’s earnings and favors APP over Unity, citing the company’s scale, profitability and long-term artificial-intelligence-driven growth potential. AppLovin Vs. Unity: Buy The Former, The Market Got It Wrong On Earnings
- Neutral Sentiment: Bank of America reaffirmed a Neutral rating but reduced its price target to $400 from $430. The revised target remains above the recent trading level, suggesting potential upside, but reflects lower confidence in the company’s near-term execution. Benzinga analyst note
- Negative Sentiment: The main catalyst for the decline was Bank of America’s downgrade from Buy to Neutral. Analyst Omar Dessouky cited increased uncertainty about AppLovin’s ability to maintain its long-term 30% revenue-growth target. AppLovin shares drop on Bank of America downgrade
- Negative Sentiment: Although second-quarter EPS matched expectations and revenue grew 52.8% year over year, revenue came in slightly below estimates. Analysts also questioned the source of expected sequential growth, raising concerns that the recent slowdown may reflect execution issues rather than temporary timing. APP Stock Falls 17% Since Q2 Earnings
- Negative Sentiment: The stock’s high-growth valuation leaves it particularly sensitive to any evidence that the 30% long-term revenue goal is becoming harder to defend. The downgrade followed a substantial post-earnings pullback, with investors focusing more on growth durability than on AppLovin’s strong margins and upbeat outlook. AppLovin's Growth Target Just Got Harder to Defend
About AppLovin
(
Get Free Report)
AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin's technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.
Key components of AppLovin's offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.
Further Reading
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