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

AppLovin Corporation (NASDAQ:APP)’s share price shot up 5.1% during 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 changed 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.

A number of other research firms have also commented on APP. Benchmark upped 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. Deutsche Bank Aktiengesellschaft set a $705.00 target price on shares of AppLovin and gave the stock a “buy” rating in a report on Wednesday, October 22nd. BTIG Research upped their price target on AppLovin from $693.00 to $705.00 and gave the company a “buy” rating in a research report on Thursday. Oppenheimer set a $740.00 price objective on AppLovin in a research report on Tuesday, October 7th. Finally, Jefferies Financial Group raised their price target on AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Twenty-one research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $659.64.

Insider Transactions at AppLovin

In related news, CEO Arash Adam Foroughi sold 90,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $421.04, for a total value of $37,893,600.00. Following the transaction, the chief executive officer owned 2,620,054 shares in the company, valued at $1,103,147,536.16. The trade was a 3.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Vasily Shikin sold 30,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the sale, the chief technology officer owned 3,360,104 shares of the company’s stock, valued at approximately $1,470,280,707.28. This represents a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,159,138 shares of company stock worth $516,256,695 over the last quarter. Corporate insiders own 13.66% of the company’s stock.

Institutional Trading of AppLovin

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

AppLovin Stock Up 5.1%

The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. The company has a market cap of $220.31 billion, a PE ratio of 79.04, a PEG ratio of 3.33 and a beta of 2.50. The company’s fifty day moving average is $604.87 and its 200-day moving average is $453.29.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.11. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a return on equity of 258.49% and a net margin of 51.27%.The company’s revenue was up 68.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. On average, analysts predict that AppLovin Corporation will post 6.87 EPS for the current year.

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.