AppLovin (NASDAQ:APP) Stock Price Expected to Rise, Loop Capital Analyst Says

AppLovin (NASDAQ:APP) had its target price upped by Loop Capital from $450.00 to $650.00 in a report issued on Thursday morning,Benzinga reports. Loop Capital currently has a buy rating on the stock.

A number of other analysts also recently issued reports on APP. Daiwa America raised AppLovin from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on AppLovin from $325.00 to $475.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. BTIG Research lifted their target price on AppLovin from $202.00 to $291.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Citigroup lifted their price target on AppLovin from $460.00 to $600.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Daiwa Capital Markets upgraded AppLovin from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $80.00 to $280.00 in a report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AppLovin presently has an average rating of “Moderate Buy” and a consensus target price of $442.18.

AppLovin Stock Performance

APP opened at $415.31 on Thursday. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.41. The business’s 50-day moving average price is $365.59 and its two-hundred day moving average price is $244.47. The company has a market capitalization of $139.37 billion, a price-to-earnings ratio of 91.48, a P/E/G ratio of 3.28 and a beta of 2.30. AppLovin has a 1 year low of $56.45 and a 1 year high of $525.15.

AppLovin (NASDAQ:APP) last released its earnings results on Wednesday, February 12th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.61. AppLovin had a return on equity of 188.55% and a net margin of 33.54%. Equities analysts expect that AppLovin will post 6.87 EPS for the current fiscal year.

Insider Transactions at AppLovin

In related news, insider Victoria Valenzuela sold 17,925 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $354.15, for a total value of $6,348,138.75. Following the completion of the sale, the insider now directly owns 405,676 shares in the company, valued at approximately $143,670,155.40. The trade was a 4.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Herald Y. Chen sold 400 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $366.16, for a total value of $146,464.00. Following the completion of the sale, the chief financial officer now owns 207,649 shares of the company’s stock, valued at approximately $76,032,757.84. This trade represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 196,302 shares of company stock worth $65,305,354 over the last quarter. Company insiders own 14.69% of the company’s stock.

Institutional Investors Weigh In On AppLovin

Institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in shares of AppLovin in the third quarter valued at approximately $25,000. GHP Investment Advisors Inc. bought a new stake in shares of AppLovin in the fourth quarter valued at approximately $25,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of AppLovin in the fourth quarter valued at approximately $25,000. DT Investment Partners LLC bought a new stake in shares of AppLovin in the third quarter valued at approximately $27,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of AppLovin in the third quarter valued at approximately $27,000. 41.85% of the stock is currently owned by 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.