AppLovin (NASDAQ:APP) Given New $840.00 Price Target at UBS Group

AppLovin (NASDAQ:APP) had its target price upped by UBS Group from $810.00 to $840.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of AppLovin from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Bank of America raised 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. Deutsche Bank Aktiengesellschaft set a $705.00 price target on AppLovin and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Oppenheimer set a $740.00 price objective on AppLovin in a research report on Tuesday, October 7th. Finally, Wells Fargo & Company increased their target price on AppLovin from $491.00 to $633.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $643.13.

AppLovin Stock Performance

NASDAQ:APP traded down $1.43 during mid-day trading on Thursday, hitting $619.93. The company’s stock had a trading volume of 6,647,433 shares, compared to its average volume of 7,177,768. The business’s fifty day moving average is $602.04 and its two-hundred day moving average is $447.68. The stock has a market cap of $209.69 billion, a price-to-earnings ratio of 75.23, a PEG ratio of 3.35 and a beta of 2.50. 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 has a 1 year low of $200.50 and a 1 year high of $745.61.

AppLovin (NASDAQ:APP) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.11. AppLovin had a return on equity of 294.76% and a net margin of 51.27%.The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The company’s revenue for the quarter was up 68.2% on a year-over-year basis. AppLovin has set its Q4 2025 guidance at EPS. Analysts anticipate that AppLovin will post 6.87 EPS for the current fiscal year.

Insider Activity

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 completion of the sale, the chief executive officer owned 2,620,054 shares of the company’s stock, valued at approximately $1,103,147,536.16. This represents a 3.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eduardo Vivas sold 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $466.00, for a total transaction of $58,250,000.00. Following the sale, the director owned 7,283,292 shares of the company’s stock, valued at $3,394,014,072. This represents a 1.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,159,138 shares of company stock worth $516,256,695. Insiders own 13.66% of the company’s stock.

Hedge Funds Weigh In On AppLovin

Large investors have recently modified their holdings of the business. Revolve Wealth Partners LLC purchased a new stake in AppLovin in the fourth quarter valued at approximately $294,000. Bison Wealth LLC purchased a new position in shares of AppLovin in the 4th quarter valued at about $239,000. Principal Financial Group Inc. grew 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 worth $20,914,000 after buying an additional 19,822 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake 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 worth $2,279,000 after buying an additional 441 shares during the period. Finally, Cornerstone Planning Group LLC raised its holdings in AppLovin by 428.0% in 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 in the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

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.