AppLovin (APP) to Release Earnings on Wednesday

Posted by Defense World Staff on May 3rd, 2023

AppLovin (NYSE:APP – Get Rating) will be announcing its earnings results after the market closes on Wednesday, May 10th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

AppLovin Price Performance

Shares of AppLovin stock opened at $16.26 on Wednesday. AppLovin has a one year low of $9.14 and a one year high of $44.76. The company has a debt-to-equity ratio of 1.68, a quick ratio of 3.35 and a current ratio of 3.35. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of -31.27, a price-to-earnings-growth ratio of 3.39 and a beta of 1.92. The stock has a 50 day moving average price of $14.89 and a 200-day moving average price of $13.81.

Insider Activity

In other AppLovin news, CMO Katie Kihorany Jansen sold 65,155 shares of AppLovin stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $13.78, for a total transaction of $897,835.90. Following the transaction, the chief marketing officer now directly owns 1,564,539 shares in the company, valued at $21,559,347.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other AppLovin news, CMO Katie Kihorany Jansen sold 65,155 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $13.78, for a total transaction of $897,835.90. Following the transaction, the chief marketing officer now owns 1,564,539 shares of the company’s stock, valued at $21,559,347.42. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Victoria Valenzuela sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $14.77, for a total value of $369,250.00. Following the sale, the insider now owns 961,382 shares of the company’s stock, valued at approximately $14,199,612.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,322 shares of company stock valued at $2,140,975. Company insiders own 12.78% of the company’s stock.

Institutional Trading of AppLovin

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in AppLovin by 99.0% in the 1st quarter. JPMorgan Chase & Co. now owns 981 shares of the company’s stock valued at $54,000 after buying an additional 488 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in AppLovin in the 2nd quarter valued at $55,000. Meeder Asset Management Inc. lifted its holdings in shares of AppLovin by 85,200.0% during the 4th quarter. Meeder Asset Management Inc. now owns 5,971 shares of the company’s stock worth $63,000 after acquiring an additional 5,964 shares during the last quarter. Macquarie Group Ltd. bought a new stake in AppLovin in the second quarter worth $71,000. Finally, Quantbot Technologies LP bought a new stake in AppLovin in the first quarter worth $74,000. 38.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on APP shares. Morgan Stanley upped their target price on AppLovin from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, February 9th. Truist Financial lowered their price target on AppLovin from $29.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, March 17th. Benchmark raised their target price on AppLovin from $7.00 to $9.00 and gave the company a “sell” rating in a research report on Thursday, February 9th. Oppenheimer raised their target price on AppLovin from $15.00 to $20.00 and gave the company an “outperform” rating in a research report on Thursday, February 9th. Finally, Citigroup decreased their target price on AppLovin from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, AppLovin currently has a consensus rating of “Hold” and a consensus target price of $26.18.

AppLovin Company Profile

(Get Rating)

AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; and MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction.