AppLovin (APP) Scheduled to Post Quarterly Earnings on Wednesday

AppLovin (NYSE:APPGet Free Report) is set to announce its earnings results after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

AppLovin Stock Up 1.5 %

Shares of NYSE APP opened at $47.06 on Tuesday. The firm has a market cap of $15.80 billion, a PE ratio of 156.87, a P/E/G ratio of 1.49 and a beta of 1.69. AppLovin has a 12-month low of $11.69 and a 12-month high of $48.77. The company’s fifty day simple moving average is $41.42 and its 200 day simple moving average is $39.75. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.67.

Insider Transactions at AppLovin

In other news, Director Dawson Alyssa Harvey sold 927 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $39.16, for a total value of $36,301.32. Following the completion of the sale, the director now directly owns 13,307 shares in the company, valued at approximately $521,102.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CTO Vasily Shikin sold 383,539 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $37.10, for a total value of $14,229,296.90. Following the transaction, the chief technology officer now owns 6,076 shares in the company, valued at approximately $225,419.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dawson Alyssa Harvey sold 927 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $39.16, for a total transaction of $36,301.32. Following the completion of the transaction, the director now owns 13,307 shares in the company, valued at approximately $521,102.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,332,520 shares of company stock worth $50,806,354. 12.43% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AppLovin

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its position in shares of AppLovin by 86.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 927 shares of the company’s stock valued at $37,000 after purchasing an additional 429 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of AppLovin by 99.0% during the 1st quarter. JPMorgan Chase & Co. now owns 981 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of AppLovin during the 1st quarter valued at about $74,000. Point72 Hong Kong Ltd purchased a new stake in shares of AppLovin during the 2nd quarter valued at about $55,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of AppLovin during the 2nd quarter valued at about $71,000. Institutional investors own 41.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APP. Stifel Nicolaus raised their price objective on shares of AppLovin from $45.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. The Goldman Sachs Group raised their price objective on shares of AppLovin from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. HSBC began coverage on shares of AppLovin in a research note on Monday, December 18th. They issued a “buy” rating and a $53.20 price objective on the stock. Benchmark raised their price objective on shares of AppLovin from $22.00 to $28.00 and gave the company a “sell” rating in a research note on Thursday, November 9th. Finally, UBS Group raised their price objective on shares of AppLovin from $40.00 to $46.00 and gave the company a “neutral” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.95.

View Our Latest Stock Analysis on APP

About AppLovin

(Get Free Report)

AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction; and Wurl, a connected TV platform, which primarily distributes streaming video for content companies.

Further Reading

Earnings History for AppLovin (NYSE:APP)

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