Mary Margaret Hasti Georgiadis Sells 6,990 Shares of AppLovin Co. (NASDAQ:APP) Stock

AppLovin Co. (NASDAQ:APPGet Free Report) Director Mary Margaret Hasti Georgiadis sold 6,990 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $83.89, for a total transaction of $586,391.10. Following the completion of the sale, the director now directly owns 34,178 shares in the company, valued at $2,867,192.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AppLovin Stock Performance

Shares of APP stock opened at $81.91 on Friday. The company has a market cap of $26.95 billion, a P/E ratio of 48.76, a PEG ratio of 1.41 and a beta of 1.88. The firm has a fifty day moving average price of $77.24 and a 200 day moving average price of $58.62. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 4.59. AppLovin Co. has a 12 month low of $21.33 and a 12 month high of $88.50.

AppLovin (NASDAQ:APPGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. AppLovin had a return on equity of 51.55% and a net margin of 16.46%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $973.70 million. During the same period in the prior year, the firm posted ($0.01) EPS. The business’s quarterly revenue was up 47.9% compared to the same quarter last year. Sell-side analysts predict that AppLovin Co. will post 2.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on APP. BTIG Research boosted their target price on AppLovin from $87.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Morgan Stanley increased their target price on AppLovin from $55.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Daiwa Capital Markets began coverage on AppLovin in a research report on Monday, April 15th. They issued a “neutral” rating and a $80.00 target price for the company. Wedbush increased their price target on shares of AppLovin from $87.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, AppLovin presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.72.

Check Out Our Latest Report on APP

Institutional Trading of AppLovin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in shares of AppLovin by 16.3% in the 4th quarter. CWM LLC now owns 2,864 shares of the company’s stock valued at $114,000 after buying an additional 401 shares in the last quarter. Contrarius Investment Management Ltd acquired a new position in AppLovin in the fourth quarter valued at $7,334,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of AppLovin during the fourth quarter worth about $2,284,000. Ameriprise Financial Inc. increased its position in shares of AppLovin by 4,805.9% during the third quarter. Ameriprise Financial Inc. now owns 1,402,657 shares of the company’s stock worth $56,050,000 after purchasing an additional 1,374,066 shares in the last quarter. Finally, Cunning Capital Partners LP acquired a new stake in shares of AppLovin during the fourth quarter worth about $1,508,000. Institutional investors and hedge funds 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.

Featured Stories

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

Receive News & Ratings for AppLovin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppLovin and related companies with MarketBeat.com's FREE daily email newsletter.