Stocks of Applovin Corp (NASDAQ:APP) traded higher last session on Wall Street, down -1.76% to $337.89.
APP stock price is now 35.02% away from the 50-day moving average and 169.14% away from the 200-day moving average. The market capitalization of the company currently stands at $113.39B.
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With the price target of $400, Piper Sandler recently initiated with Overweight rating for Applovin Corp (NASDAQ: APP). On November 08, 2024, Daiwa Securities Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $80 to quote $280, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Chen Herald Y, Director sold 99,000 shares of the company’s stock on Dec 12 ’24. The stock was sold for $32,620,953 at an average price of $329.50. Upon completion of the transaction, the Director now directly owns 621,209 shares in the company, valued at $209.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Director Chen Herald Y sold 100,000 shares of the business’s stock. A total of $33,307,352 was realized by selling the stock at an average price of $333.07. This leaves the insider owning 621,209 shares of the company worth $209.9 million. A total of 38.26% of the company’s stock is owned by insiders.
During the past 12 months, Applovin Corp has had a low of $37.40 and a high of $417.64. 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 $116335534080, which is based on a 102.24 price-to-earnings ratio, a 4.09 price-to-earnings-growth ratio, and a beta of 2.29. The fifty day moving average price for APP is $246.2915 and a two-hundred day moving average price translates $124.1638 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. For the current quarter, analysts expect APP to generate $1.26B in revenue.
