AppLovin (NASDAQ:APP) Posts Earnings Results

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

AppLovin Stock Up 1.4 %

Shares of NASDAQ:APP traded up $5.07 during mid-day trading on Wednesday, reaching $380.32. 9,123,122 shares of the stock were exchanged, compared to its average volume of 4,238,742. The stock’s 50 day simple moving average is $347.17 and its 200-day simple moving average is $223.52. AppLovin has a one year low of $45.12 and a one year high of $417.64. The company has a market cap of $127.63 billion, a P/E ratio of 115.25, a P/E/G ratio of 3.10 and a beta of 2.30. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70.

Insider Activity

In other AppLovin news, insider Victoria Valenzuela sold 17,925 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $354.15, for a total transaction of $6,348,138.75. Following the completion of the sale, the insider now owns 405,676 shares of the company’s stock, valued at $143,670,155.40. This trade represents a 4.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Vasily Shikin sold 593,588 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $319.37, for a total transaction of $189,574,199.56. Following the sale, the chief technology officer now owns 3,919,024 shares of the company’s stock, valued at approximately $1,251,618,694.88. This represents a 13.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 828,991 shares of company stock worth $267,640,144 over the last ninety days. Insiders own 14.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on APP shares. The Goldman Sachs Group boosted their price target on shares of AppLovin from $220.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. UBS Group increased their target price on shares of AppLovin from $315.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. lifted their price target on shares of AppLovin from $200.00 to $325.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Daiwa Capital Markets upgraded AppLovin from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $80.00 to $280.00 in a research report on Friday, November 8th. Finally, Daiwa America raised AppLovin from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, AppLovin presently has a consensus rating of “Moderate Buy” and an average price target of $366.29.

About AppLovin

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.