AppLovin (NASDAQ:APP) Shares Up 5.1% After Analyst Upgrade

by · The Cerbat Gem

AppLovin Corporation (NASDAQ:APP – Get Free Report) shares shot up 5.1% during mid-day trading on Monday after Weiss Ratings upgraded the stock from a hold (c+) rating to a buy (b-) rating. The company traded as high as $675.00 and last traded at $651.32. 4,625,513 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 7,165,909 shares. The stock had previously closed at $619.93.

APP has been the subject of a number of other research reports. Jefferies Financial Group boosted their price objective on shares of AppLovin from $560.00 to $615.00 and gave the company a “buy” rating in a research report on Friday, September 5th. Zacks Research cut AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. The Goldman Sachs Group increased their target price on shares of AppLovin from $630.00 to $720.00 and gave the stock a “neutral” rating in a report on Friday. Benchmark lifted their price target on shares of AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company increased their price objective on shares of AppLovin from $633.00 to $721.00 and gave the stock an “overweight” rating in a research note on Friday. Twenty-one research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, AppLovin presently has a consensus rating of “Moderate Buy” and an average target price of $659.64.

Read Our Latest Analysis on AppLovin

Insider Buying and Selling at AppLovin

In other news, CEO Arash Adam Foroughi sold 26,200 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $440.23, for a total transaction of $11,534,026.00. Following the completion of the transaction, the chief executive officer directly owned 2,590,054 shares in the company, valued at approximately $1,140,219,472.42. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Vasily Shikin sold 30,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the completion of the sale, the chief technology officer owned 3,360,104 shares in the company, valued at $1,470,280,707.28. This represents a 0.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,159,138 shares of company stock worth $516,256,695. Company insiders own 13.66% of the company’s stock.

Institutional Investors Weigh In On AppLovin

Hedge funds and other institutional investors have recently made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new stake in AppLovin in the 4th quarter worth about $294,000. Bison Wealth LLC bought a new position in shares of AppLovin in the fourth quarter worth about $239,000. Allworth Financial LP lifted its holdings in AppLovin by 25.9% during the 1st quarter. Allworth Financial LP now owns 855 shares of the company’s stock valued at $229,000 after buying an additional 176 shares in the last quarter. Cerity Partners LLC boosted its position in AppLovin by 18.7% in the 1st quarter. Cerity Partners LLC now owns 20,960 shares of the company’s stock valued at $5,554,000 after buying an additional 3,300 shares during the period. Finally, Ballentine Partners LLC grew its stake in AppLovin by 3.3% in the 1st quarter. Ballentine Partners LLC now owns 8,686 shares of the company’s stock worth $2,302,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Trading Up 5.1%

The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. The firm has a market capitalization of $220.31 billion, a PE ratio of 79.04, a price-to-earnings-growth ratio of 3.33 and a beta of 2.50. The stock’s 50-day moving average price is $604.87 and its 200 day moving average price is $453.29.

AppLovin (NASDAQ:APP – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.11. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.AppLovin’s revenue was up 68.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that AppLovin Corporation will post 6.87 EPS for the current fiscal year.

AppLovin Company Profile

(Get Free Report)

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.

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