AppLovin (NASDAQ:APP) Price Target Raised to $700.00 at Benchmark

AppLovin (NASDAQ:APP) had its price target upped by research analysts at Benchmark from $640.00 to $700.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target would indicate a potential upside of 11.75% from the company’s current price.

A number of other research firms have also commented on APP. Deutsche Bank Aktiengesellschaft set a $705.00 price target on AppLovin and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Zacks Research lowered AppLovin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Piper Sandler upped their target price on AppLovin from $740.00 to $800.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America upped their target price on AppLovin from $580.00 to $860.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $630.00 target price on shares of AppLovin in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $618.00.

AppLovin Trading Up 1.5%

Shares of NASDAQ APP traded up $9.33 during trading on Thursday, reaching $626.38. The company had a trading volume of 5,474,966 shares, compared to its average volume of 7,165,665. The company’s fifty day moving average price is $599.29 and its 200-day moving average price is $446.46. AppLovin has a 12 month low of $200.50 and a 12 month high of $745.61. The stock has a market cap of $211.87 billion, a P/E ratio of 88.97, a PEG ratio of 3.30 and a beta of 2.50. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 3.01.

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

Insider Buying and Selling

In other news, CTO Vasily Shikin sold 30,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $437.57, for a total value of $13,127,100.00. Following the completion of the sale, the chief technology officer directly owned 3,360,104 shares of the company’s stock, valued at $1,470,280,707.28. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dawson Alyssa Harvey sold 350 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $487.97, for a total value of $170,789.50. Following the completion of the sale, the director directly owned 3,150 shares of the company’s stock, valued at approximately $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. In the last ninety days, 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 Trading of AppLovin

Several institutional investors and hedge funds have recently modified their holdings of APP. Revolve Wealth Partners LLC purchased a new stake in shares of AppLovin during the fourth quarter valued at approximately $294,000. Bison Wealth LLC purchased a new stake in shares of AppLovin during the fourth quarter valued at approximately $239,000. Principal Financial Group Inc. increased its position in shares of AppLovin by 33.5% during the first quarter. Principal Financial Group Inc. now owns 78,928 shares of the company’s stock valued at $20,914,000 after acquiring an additional 19,822 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of AppLovin by 5.4% during the first quarter. Stratos Wealth Partners LTD. now owns 8,601 shares of the company’s stock valued at $2,279,000 after acquiring an additional 441 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in shares of AppLovin by 428.0% during the first quarter. Cornerstone Planning Group LLC now owns 132 shares of the company’s stock valued at $33,000 after acquiring an additional 107 shares during the last quarter. 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.