Analysts From Major Brokerage Firms Release Report On AppLovin Corporation (APP)

The stock of AppLovin Corporation (NASDAQ:APP) decreased by decreased by -$2.05 on Friday to finish at $94.25, down -2.13 percent. The last five days have seen an average of 2,115,200 shares of common stock traded. The average number of shares traded over the last 20 days was 1,589,735, while the average volume over the last 50 days totaled 1,482,696.

APP stock appreciated 21.07% since last month. On 10/01/21, the company’s shares reached a one-month low of $70.05. The stock touched a high of $98.60, after rallying from a low of $49.41 in 52 weeks. The price of APP stock has risen by 44.56%. Still, the stock price is down -4.41% from the 52-week high.

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Insider Transactions

There have been 6 days since AppLovin Corporation (APP) last reported insider trading activity on Oct 19. On Oct 19, Chief Technology Officer Shikin Vasily sold 30,000 shares at $94.70 each. This transaction resulted in the insider making $2,840,997. On Oct 19, Krystynak John sold 180,000 shares at a price of US$95.86. After the transaction, the insider now owns 23,566,192 shares. 10% Owner Karam Andrew had earlier sold 114,200 shares on Oct 14 for $89.46 a share. The transaction was completed for $10,216,332.

For the three months ended June 29, AppLovin Corporation’s quick ratio was 2.80, while its current ratio was 2.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.87, and the total debt to equity ratio is 0.89. As far as profitability goes, gross margin for the trailing twelve months is 61.60% percent. Based on annual data, it had gross profit of $895.51 million and revenue of $1.45 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -4.90% return on investment (ROI) in the past year. ROE has averaged 3.34 in the past year for the broader industry.

Earnings Surprise

According to AppLovin Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $668.81 million, while revenues rose by 7.7% to $603.88 million. It was predicted that AppLovin Corporation’s quarterly earnings would be $0.04, but it ended up being $0.05. EBITDA was $144.21 million for the quarter. At the end of AppLovin Corporation’s most recent quarter ended June 29, its liabilities totaled 2.6 billion, while its total debt was $2.25 billion. Equity owned by shareholders amounts to $372.35 million.

Technical Picture

Here’s a quick look at AppLovin Corporation’s (APP) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 68.34%, suggesting the stock is Neutral, with a 32.69% historical volatility rate.

The stochastic %K and %D were 85.63% and 88.34% respectively, while the average true range (ATR) was 4.05. Based on the 14-day stochastic reading of 83.75%, the RSI (14) reading is 67.02%. On the 9-day MACD Oscillator, the stock is at 2.45, and the 14-day reading is at 6.13.

Analyst Ratings

In its most recent analyst report, Stifel raised its rating on AppLovin Corporation (NASDAQ: APP) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned AppLovin Corporation (APP) an Buy rating. APP is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.

What is APP’s price target for the next 12 months?

The current consensus forecast for the stock is between $80.00 and $112.00, with a median target price of $95.00. In analyzing these forecasts, the average price target given by analysts for AppLovin Corporation (APP) is $93.00.


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