AppLovin Co. (NASDAQ:APP) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of AppLovin Co. (NASDAQ:APP) have been assigned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $422.18.

APP has been the subject of several research analyst reports. Jefferies Financial Group upped their target price on shares of AppLovin from $400.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company raised their price target on AppLovin from $360.00 to $366.00 and gave the company an “overweight” rating in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on AppLovin from $325.00 to $475.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Daiwa Capital Markets raised AppLovin from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $80.00 to $280.00 in a report on Friday, November 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of AppLovin in a report on Thursday, February 13th.

Insiders Place Their Bets

In other AppLovin news, Director Craig Scott Billings sold 18,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $318.94, for a total value of $5,740,920.00. Following the sale, the director now directly owns 2,987 shares in the company, valued at $952,673.78. This represents a 85.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Victoria Valenzuela sold 15,971 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $313.07, for a total transaction of $5,000,040.97. Following the completion of the sale, the insider now directly owns 372,205 shares in the company, valued at approximately $116,526,219.35. The trade was a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 828,991 shares of company stock valued at $267,640,144 in the last three months. Company insiders own 14.69% of the company’s stock.

Institutional Trading of AppLovin

Large investors have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in shares of AppLovin in the 3rd quarter worth $25,000. GHP Investment Advisors Inc. bought a new position in AppLovin during the fourth quarter worth about $25,000. Fuller & Thaler Asset Management Inc. bought a new position in AppLovin during the fourth quarter worth about $25,000. DT Investment Partners LLC bought a new position in AppLovin during the third quarter worth about $27,000. Finally, Meeder Asset Management Inc. bought a new position in AppLovin during the 3rd quarter worth approximately $27,000. Institutional investors own 41.85% of the company’s stock.

AppLovin Stock Performance

APP opened at $510.13 on Thursday. The company has a market cap of $171.20 billion, a price-to-earnings ratio of 154.59, a PEG ratio of 3.10 and a beta of 2.30. The firm’s fifty day simple moving average is $354.68 and its two-hundred day simple moving average is $234.57. AppLovin has a 52-week low of $52.75 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) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.61. AppLovin had a net margin of 26.85% and a return on equity of 122.24%. Equities analysts anticipate that AppLovin will post 4.09 earnings per share for the current fiscal year.

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.