AppLovin (NASDAQ:APP) Given New $721.00 Price Target at Wells Fargo & Company

AppLovin (NASDAQ:APP) had its price objective increased by stock analysts at Wells Fargo & Company from $633.00 to $721.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 16.35% from the stock’s previous close.

Several other analysts have also commented on the company. Wall Street Zen lowered AppLovin from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Scotiabank lifted their price objective on AppLovin from $575.00 to $750.00 and gave the company an “outperform” rating in a report on Thursday. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research note on Tuesday, August 26th. Oppenheimer set a $740.00 price target on shares of AppLovin in a report on Tuesday, October 7th. Finally, BTIG Research boosted their price target on shares of AppLovin from $693.00 to $705.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $643.13.

AppLovin Price Performance

Shares of AppLovin stock traded down $1.70 during trading on Friday, hitting $619.66. 5,455,571 shares of the company’s stock traded hands, compared to its average volume of 7,171,426. The company has a market cap of $209.60 billion, a PE ratio of 75.20, a PEG ratio of 3.35 and a beta of 2.50. The firm’s fifty day moving average price is $602.04 and its 200 day moving average price is $447.68. AppLovin has a twelve month low of $200.50 and a twelve month high of $745.61. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.74 and a quick ratio of 2.74.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 294.76%. The company’s revenue for the quarter was up 68.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. Analysts forecast that AppLovin will post 6.87 earnings per share for the current year.

Insider Transactions at AppLovin

In other AppLovin news, Director Dawson Alyssa Harvey sold 350 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $487.97, for a total transaction of $170,789.50. Following the transaction, the director directly owned 3,150 shares in the company, valued at approximately $1,537,105.50. This represents a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Victoria Valenzuela sold 35,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the completion of the transaction, the insider directly owned 269,955 shares in the company, valued at $135,579,499.65. This trade represents a 11.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,156,788 shares of company stock valued at $514,863,333. 13.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hilltop National Bank bought a new stake in AppLovin in the second quarter valued at about $26,000. LFA Lugano Financial Advisors SA acquired a new position in shares of AppLovin during the 2nd quarter worth about $26,000. SouthState Corp acquired a new position in shares of AppLovin during the 1st quarter worth about $29,000. Chilton Capital Management LLC bought a new stake in shares of AppLovin in the 3rd quarter valued at about $29,000. Finally, Activest Wealth Management raised its position in shares of AppLovin by 760.0% in the 3rd quarter. Activest Wealth Management now owns 43 shares of the company’s stock valued at $31,000 after acquiring an additional 38 shares during the period. 41.85% of the stock is currently owned by institutional investors.

About AppLovin

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.