AppLovin (NASDAQ:APP) Stock Price Down 3.3% – What’s Next?

Shares of AppLovin Corporation (NASDAQ:APP) fell 3.3% during trading on Monday . The stock traded as low as $532.31 and last traded at $539.27. 3,892,564 shares changed hands during trading, a decline of 45% from the average session volume of 7,117,565 shares. The stock had previously closed at $557.70.

Analyst Upgrades and Downgrades

APP has been the topic of several research reports. Benchmark upped their price objective on shares of AppLovin from $640.00 to $700.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings restated a “buy (b-)” rating on shares of AppLovin in a report on Thursday, November 13th. Jefferies Financial Group upped their price target on shares of AppLovin from $560.00 to $615.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. JPMorgan Chase & Co. lifted their price objective on AppLovin from $425.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Finally, Citigroup lowered their target price on AppLovin from $850.00 to $820.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, AppLovin currently has a consensus rating of “Moderate Buy” and a consensus price target of $658.27.

AppLovin Price Performance

The company has a debt-to-equity ratio of 2.38, a current ratio of 3.25 and a quick ratio of 3.25. The stock has a market capitalization of $179.13 billion, a P/E ratio of 64.33, a PEG ratio of 2.89 and a beta of 2.50. The stock’s fifty day moving average is $614.21 and its 200-day moving average is $467.63.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 258.49% and a net margin of 51.27%.The business’s revenue was up 68.2% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. On average, equities analysts anticipate that AppLovin Corporation will post 6.87 earnings per share for the current year.

Insider Transactions at AppLovin

In other news, CEO Arash Adam Foroughi sold 26,200 shares of the business’s 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 completion of the sale, the chief executive officer directly owned 2,590,054 shares in the company, valued at approximately $1,140,219,472.42. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig Scott Billings sold 2,350 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $592.92, for a total transaction of $1,393,362.00. Following the sale, the director directly owned 3,707 shares of the company’s stock, valued at approximately $2,197,954.44. This represents a 38.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 430,844 shares of company stock worth $221,382,532. 13.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its holdings in AppLovin by 304.1% during the third quarter. Sunbelt Securities Inc. now owns 3,681 shares of the company’s stock valued at $2,645,000 after acquiring an additional 2,770 shares during the period. Coldstream Capital Management Inc. increased its stake in shares of AppLovin by 15.0% in the third quarter. Coldstream Capital Management Inc. now owns 4,078 shares of the company’s stock worth $2,930,000 after purchasing an additional 532 shares during the period. Danske Bank A S acquired a new position in shares of AppLovin during the 3rd quarter worth about $116,061,000. Provident Investment Management Inc. bought a new stake in AppLovin during the 3rd quarter valued at approximately $699,000. Finally, Silvant Capital Management LLC grew its holdings in AppLovin by 6.8% in the 3rd quarter. Silvant Capital Management LLC now owns 15,001 shares of the company’s stock valued at $10,779,000 after buying an additional 959 shares during 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.