AppLovin (NASDAQ:APP) Announces Quarterly Earnings Results

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

AppLovin Trading Up 1.4 %

AppLovin stock opened at $380.32 on Thursday. AppLovin has a 52-week low of $45.12 and a 52-week 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. The business has a 50-day simple moving average of $347.30 and a two-hundred day simple moving average of $224.62.

Insider Transactions at AppLovin

In other AppLovin news, CFO Herald Y. Chen sold 400 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $366.16, for a total transaction of $146,464.00. Following the completion of the sale, the chief financial officer now owns 207,649 shares of the company’s stock, valued at approximately $76,032,757.84. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Arash Adam Foroughi sold 1,676 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $356.39, for a total value of $597,309.64. Following the completion of the sale, the chief executive officer now owns 3,058,635 shares of the company’s stock, valued at approximately $1,090,066,927.65. The trade was a 0.05 % 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 in the last quarter. Company insiders own 14.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on APP. UBS Group lifted their price target on AppLovin from $315.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Citigroup upped their target price on shares of AppLovin from $335.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Macquarie lifted their price target on shares of AppLovin from $270.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of AppLovin in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on AppLovin from $200.00 to $325.00 and gave the stock a “neutral” rating in a research note on Friday, January 10th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, AppLovin presently has a consensus rating of “Moderate Buy” and a consensus target price of $378.35.

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.