AppLovin (NASDAQ:APP) Issues Quarterly Earnings Results

AppLovin (NASDAQ:APP) issued its earnings results on Wednesday. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.61, Zacks reports. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. AppLovin updated its Q1 2025 guidance to EPS.

AppLovin Stock Up 5.6 %

NASDAQ APP traded up $26.41 during trading on Friday, reaching $498.08. 4,806,133 shares of the company’s stock were exchanged, compared to its average volume of 4,763,624. The firm has a market capitalization of $167.15 billion, a PE ratio of 150.93, a P/E/G ratio of 3.10 and a beta of 2.30. The company’s fifty day simple moving average is $349.15 and its 200-day simple moving average is $226.34. The company has a current ratio of 2.41, a quick ratio of 2.41 and a debt-to-equity ratio of 3.70. AppLovin has a fifty-two week low of $52.75 and a fifty-two week high of $525.15.

Insider Buying and Selling at AppLovin

In related news, Director Herald Y. Chen sold 99,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $329.50, for a total value of $32,620,500.00. Following the sale, the director now owns 621,209 shares of the company’s stock, valued at $204,688,365.50. The trade was a 13.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victoria Valenzuela sold 15,971 shares of AppLovin stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $313.07, for a total value of $5,000,040.97. Following the completion of the transaction, the insider now owns 372,205 shares of the company’s stock, valued at approximately $116,526,219.35. The trade was a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 828,991 shares of company stock valued at $267,640,144 in the last 90 days. 14.69% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. UBS Group increased their target price on AppLovin from $440.00 to $630.00 and gave the stock a “buy” rating in a research report on Thursday. Daiwa America raised AppLovin from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. Benchmark raised their price target on AppLovin from $375.00 to $525.00 and gave the company a “buy” rating in a report on Thursday. Wedbush reissued an “outperform” rating and set a $270.00 price target (up from $170.00) on shares of AppLovin in a report on Thursday, November 7th. Finally, Daiwa Capital Markets raised AppLovin from a “neutral” rating to an “outperform” rating and raised their price target for the company from $80.00 to $280.00 in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $422.18.

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.