AppLovin (NASDAQ:APP) Given New $800.00 Price Target at Wedbush

AppLovin (NASDAQ:APP) had its price objective raised by equities research analysts at Wedbush from $745.00 to $800.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Wedbush’s price target points to a potential upside of 29.65% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Piper Sandler increased their target price on shares of AppLovin from $500.00 to $740.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Morgan Stanley increased their target price on shares of AppLovin from $480.00 to $750.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Jefferies Financial Group increased their target price on shares of AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a report on Friday, September 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $630.00 target price on shares of AppLovin in a report on Tuesday, October 14th. Finally, Weiss Ratings lowered shares of AppLovin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $609.30.

AppLovin Stock Performance

Shares of APP stock opened at $617.05 on Thursday. The firm’s 50 day moving average price is $599.29 and its 200-day moving average price is $446.46. The company has a debt-to-equity ratio of 3.01, a quick ratio of 2.74 and a current ratio of 2.74. AppLovin has a one year low of $166.97 and a one year high of $745.61. The firm has a market cap of $208.72 billion, a P/E ratio of 87.65, a P/E/G ratio of 3.30 and a beta of 2.50.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.11. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. AppLovin had a net margin of 45.72% and a return on equity of 252.67%. The firm’s quarterly revenue was up 68.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.29 EPS. AppLovin has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that AppLovin will post 6.87 EPS for the current year.

Insider Activity

In related news, CEO Arash Adam Foroughi sold 26,200 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $440.23, for a total value of $11,534,026.00. Following the transaction, the chief executive officer directly owned 2,590,054 shares of the company’s stock, valued at $1,140,219,472.42. This trade represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dawson Alyssa Harvey sold 350 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $487.97, for a total transaction of $170,789.50. Following the completion of the transaction, the director directly owned 3,150 shares in the company, valued at $1,537,105.50. This trade represents a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,156,788 shares of company stock valued at $514,863,333 over the last quarter. Company insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of APP. Norges Bank purchased a new position in AppLovin during the 2nd quarter worth $951,541,000. Dynasty Wealth Management LLC grew its position in AppLovin by 117,664.4% during the 1st quarter. Dynasty Wealth Management LLC now owns 2,702,694 shares of the company’s stock worth $716,133,000 after purchasing an additional 2,700,399 shares during the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of AppLovin in the 3rd quarter worth $1,456,108,000. Price T Rowe Associates Inc. MD lifted its stake in shares of AppLovin by 36.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,588,483 shares of the company’s stock worth $1,745,752,000 after acquiring an additional 1,769,400 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of AppLovin by 55.2% in the 3rd quarter. Jennison Associates LLC now owns 3,886,150 shares of the company’s stock worth $2,792,355,000 after acquiring an additional 1,381,970 shares during the period. 41.85% of the stock is owned by hedge funds and other institutional investors.

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.