In yesterday’s Wall Street session, Applovin Corp (NASDAQ:APP) shares traded at $289.03, up 0.91% from the previous session.
APP stock price is now 96.41% away from the 50-day moving average and 214.28% away from the 200-day moving average. The market capitalization of the company currently stands at $97.00B.
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With the price target enhanced from $80 to $280, Daiwa Securities Upgraded its rating from Neutral to Outperform for Applovin Corp (NASDAQ: APP). On October 29, 2024, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $200, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, Jansen Katie Kihorany, Officer bought 119,764 shares of the company’s stock on Nov 12 ’24. The stock was bought for $33,503,979 at an average price of $279.75. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’24, CEO & Chairperson Foroughi Arash Adam sold 100,000 shares of the business’s stock. A total of $11,140,337 was realized by selling the stock at an average price of $111.40. This leaves the insider owning 3,885,217 shares of the company worth $1.12 billion. A total of 40.66% of the company’s stock is owned by insiders.
During the past 12 months, Applovin Corp has had a low of $35.79 and a high of $292.86. As of last week, the company has a debt-to-equity ratio of 3.74, a current ratio of 2.41, and a quick ratio of 2.41. According to the stock market information, the enterprise value for the company is $99938525184, which is based on a 87.45 price-to-earnings ratio, a 3.64 price-to-earnings-growth ratio, and a beta of 2.11. The fifty day moving average price for APP is $143.1397 and a two-hundred day moving average price translates $90.7524 for the stock.
The latest earnings results from Applovin Corp (NASDAQ: APP) was released for 2024-09-30. The net profit margin was 26.82% and return on equity was 113.12% for APP. The company reported revenue of $1.2 billion for the quarter, compared to $864.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 38.64 percent.
