AppLovin (NASDAQ:APP) Receives “Outperform” Rating from Wedbush

Wedbush restated their outperform rating on shares of AppLovin (NASDAQ:APP) in a research report released on Thursday morning,Benzinga reports. Wedbush currently has a $640.00 price objective on the stock.

A number of other research firms have also issued reports on APP. Piper Sandler boosted their target price on shares of AppLovin from $650.00 to $665.00 and gave the company an “overweight” rating in a research note on Thursday. Argus initiated coverage on shares of AppLovin in a research note on Tuesday, April 14th. They issued a “buy” rating and a $520.00 price target on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $700.00 price target on shares of AppLovin in a report on Thursday, February 12th. UBS Group reduced their price objective on AppLovin from $740.00 to $716.00 and set a “buy” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group lowered their target price on AppLovin from $710.00 to $585.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $664.35.

AppLovin Trading Down 6.0%

APP stock traded down $29.89 during trading on Thursday, reaching $468.98. 5,276,277 shares of the stock traded hands, compared to its average volume of 5,617,047. The business’s 50 day moving average price is $442.83 and its 200-day moving average price is $532.96. The firm has a market capitalization of $158.18 billion, a PE ratio of 40.31, a P/E/G ratio of 0.81 and a beta of 2.37. The company has a debt-to-equity ratio of 1.65, a current ratio of 3.32 and a quick ratio of 3.32. AppLovin has a 52-week low of $320.00 and a 52-week high of $745.61.

AppLovin (NASDAQ:APP) last announced its earnings results on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.12. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.77 billion. AppLovin had a net margin of 64.29% and a return on equity of 245.95%. The business’s quarterly revenue was up 58.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. As a group, sell-side analysts forecast that AppLovin will post 15.72 earnings per share for the current year.

Insider Activity at AppLovin

In related news, Director Eduardo Vivas sold 163,910 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $453.49, for a total value of $74,331,545.90. Following the completion of the sale, the director owned 6,969,382 shares of the company’s stock, valued at approximately $3,160,545,043.18. The trade was a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Arash Adam Foroughi sold 40,704 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $459.85, for a total transaction of $18,717,734.40. Following the completion of the sale, the chief executive officer directly owned 2,430,414 shares of the company’s stock, valued at $1,117,625,877.90. This represents a 1.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 365,244 shares of company stock valued at $169,584,607. Insiders own 13.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in APP. Vanguard Group Inc. raised its holdings in AppLovin by 39.4% in the 3rd quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock valued at $17,930,776,000 after acquiring an additional 7,051,663 shares in the last quarter. State Street Corp raised its position in AppLovin by 111.1% in the third quarter. State Street Corp now owns 11,852,466 shares of the company’s stock worth $8,516,471,000 after purchasing an additional 6,237,051 shares in the last quarter. Corient Private Wealth LLC raised its position in AppLovin by 3,118.6% in the fourth quarter. Corient Private Wealth LLC now owns 4,194,071 shares of the company’s stock worth $2,826,049,000 after purchasing an additional 4,063,763 shares in the last quarter. Norges Bank bought a new position in AppLovin during the fourth quarter worth about $2,040,321,000. Finally, Rakuten Investment Management Inc. acquired a new stake in AppLovin during the third quarter valued at approximately $1,456,108,000. 41.85% of the stock is owned by institutional investors.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Q1 beat and AI-driven growth — AppLovin posted stronger-than-expected Q1 revenue and EPS, and management highlighted AI ad momentum that underpinned upbeat investor commentary. Read More.
• Positive Sentiment: Upbeat Q2 outlook & Axon launch — Management gave Q2 revenue guidance above Street estimates and reiterated ~84–85% adjusted EBITDA margin as Axon (self-service product) opens in June, providing a clear near?term growth catalyst. Read More.
• Positive Sentiment: Analyst support — Several firms reaffirmed or raised targets (Needham buy reaffirmation and price-target lifts from Wells Fargo, Wedbush and others), signaling institutional confidence that earnings strength is sustainable. Read More.
• Neutral Sentiment: Ad-tech sector split — The Trade Desk’s larger-than-expected miss has split sector performance; AppLovin held gains while peers fell, which could rerate relative positioning but also increases short?term volatility. Read More.
• Neutral Sentiment: Technical setup — Some chart analysts point to a developing double?bottom and bullish reversal after testing support, suggesting a potential breakout if momentum continues. Read More.
• Neutral Sentiment: Volatile price action — Coverage noted the stock “jumped, then reversed” after earnings as traders digested results and guidance; expect swings as investors decide whether to lock gains or buy the AI growth story. Read More.
• Negative Sentiment: Concerns on timing of growth catalysts — A Seeking Alpha downgrade cautioned that AppLovin’s larger growth drivers (especially non?gaming consumer/e?commerce expansion) may take longer to scale, which could pressure near?term sentiment. Read More.
• Negative Sentiment: Profit-taking despite beat — Several reports flagged a pre?/post?market dip even after strong results, suggesting some investors are trimming positions into the rally. Read More.

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.