AppLovin Co. (NASDAQ:APP) Director Sells $330,666.15 in Stock

AppLovin Co. (NASDAQ:APPGet Free Report) Director Dawson Alyssa Harvey sold 4,371 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $75.65, for a total value of $330,666.15. Following the completion of the sale, the director now owns 11,565 shares in the company, valued at $874,892.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AppLovin Stock Up 3.0 %

AppLovin stock opened at $80.84 on Thursday. AppLovin Co. has a fifty-two week low of $22.85 and a fifty-two week high of $88.50. The company has a market cap of $26.60 billion, a PE ratio of 48.12, a PEG ratio of 1.33 and a beta of 1.88. The company has a debt-to-equity ratio of 4.59, a quick ratio of 2.11 and a current ratio of 2.11. The business’s 50-day simple moving average is $77.90 and its two-hundred day simple moving average is $60.84.

AppLovin (NASDAQ:APPGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.10. AppLovin had a net margin of 16.46% and a return on equity of 51.55%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $973.70 million. During the same quarter in the prior year, the company earned ($0.01) EPS. AppLovin’s quarterly revenue was up 47.9% on a year-over-year basis. Equities analysts anticipate that AppLovin Co. will post 2.96 EPS for the current year.

Analysts Set New Price Targets

APP has been the topic of a number of recent analyst reports. BTIG Research increased their target price on AppLovin from $87.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 9th. Citigroup lifted their price objective on shares of AppLovin from $80.00 to $98.00 and gave the company a “buy” rating in a report on Friday, May 10th. Oppenheimer reaffirmed an “outperform” rating and set a $97.00 target price on shares of AppLovin in a research report on Thursday, June 13th. The Goldman Sachs Group boosted their price target on AppLovin from $73.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Morgan Stanley increased their target price on shares of AppLovin from $55.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, AppLovin has a consensus rating of “Moderate Buy” and an average price target of $71.72.

Read Our Latest Analysis on AppLovin

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in APP. FinTrust Capital Advisors LLC acquired a new position in AppLovin in the fourth quarter valued at approximately $32,000. Covestor Ltd increased its holdings in shares of AppLovin by 85.8% during the 1st quarter. Covestor Ltd now owns 511 shares of the company’s stock valued at $35,000 after purchasing an additional 236 shares in the last quarter. Atlas Capital Advisors LLC acquired a new position in shares of AppLovin in the 1st quarter valued at $38,000. ORG Partners LLC boosted its holdings in AppLovin by 212.0% during the first quarter. ORG Partners LLC now owns 624 shares of the company’s stock worth $43,000 after buying an additional 424 shares in the last quarter. Finally, Quarry LP acquired a new stake in AppLovin during the fourth quarter valued at $44,000. Hedge funds and other institutional investors own 41.85% of the company’s stock.

AppLovin Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for AppLovin (NASDAQ:APP)

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