1 day Ago By ABMN Staff
AppLovin Co. ( NASDAQ:APP – Get Free Report ) has earned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports.
One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $98.71.
Several research firms have recently issued reports on APP. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective (up previously from $97.
00) on shares of AppLovin in a research note on Thursday, August 8th. BTIG Research upped their price objective on AppLovin from $114.00 to $150.
00 and gave the company a “buy” rating in a research note on Friday, September 13th. Wedbush reduced their target price on AppLovin from $100.00 to $90.
00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Benchmark upped their target price on AppLovin from $48.00 to $66.
00 and gave the company a “sell” rating in a report on Friday, August 23rd. Finally, UBS Group upgraded AppLovin from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $145.
00 in a report on Tuesday. View Our Latest Analysis on APP Insider Activity Institutional Investors Weigh In On AppLovin Large investors have recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new position in AppLovin in the 4th quarter worth about $32,000.
Quest Partners LLC bought a new position in AppLovin in the 2nd quarter worth about $33,000. Oliver Lagore Vanvalin Investment Group bought a new position in AppLovin in the 2nd quarter worth about $34,000. Covestor Ltd boosted its stake in AppLovin by 85.
8% in the 1st quarter. Covestor Ltd now owns 511 shares of the company’s stock worth $35,000 after purchasing an additional 236 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc.
bought a new position in AppLovin in the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.
AppLovin Trading Down 0.4 % APP stock opened at $123.16 on Monday.
The company has a fifty day moving average price of $86.26 and a two-hundred day moving average price of $79.52.
The stock has a market cap of $40.52 billion, a price-to-earnings ratio of 73.31, a price-to-earnings-growth ratio of 1.
41 and a beta of 1.88. AppLovin has a one year low of $34.
45 and a one year high of $125.75. The company has a debt-to-equity ratio of 4.
27, a current ratio of 2.28 and a quick ratio of 2.28.
AppLovin ( NASDAQ:APP – Get Free Report ) last announced its earnings results on Wednesday, August 7th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.
77 by $0.12. The company had revenue of $1.
08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. AppLovin had a net margin of 20.
89% and a return on equity of 84.16%. AppLovin’s quarterly revenue was up 44.
0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 earnings per share.
Equities analysts anticipate that AppLovin will post 3.46 EPS for the current year. About AppLovin ( 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. See Also Receive News & Ratings for AppLovin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppLovin and related companies with MarketBeat.
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