The price of Applovin Corp (NASDAQ:APP) shares last traded on Wall Street rose 24.02% to $471.67.
APP stock price is now 34.15% away from the 50-day moving average and 163.10% away from the 200-day moving average. The market capitalization of the company currently stands at $158.29B.
With the price target of $375, The Benchmark Company recently initiated with Buy rating for Applovin Corp (NASDAQ: APP). On November 20, 2024, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $400, while ‘Daiwa Securities’ rates the stock as ‘Outperform’
In other news, Valenzuela Victoria, CLO & Corp. Secretary sold 15,971 shares of the company’s stock on Dec 19 ’24. The stock was sold for $5,000,041 at an average price of $313.07. Upon completion of the transaction, the CLO & Corp. Secretary now directly owns 372,205 shares in the company, valued at $175.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, Director Chen Herald Y sold 99,000 shares of the business’s stock. A total of $32,620,953 was realized by selling the stock at an average price of $329.50. This leaves the insider owning 621,209 shares of the company worth $293.01 million. A total of 38.77% of the company’s stock is owned by insiders.
During the past 12 months, Applovin Corp has had a low of $45.12 and a high of $417.64. As of last week, the company has a debt-to-equity ratio of 3.26, a current ratio of 2.19, and a quick ratio of 2.41. According to the stock market information, the enterprise value for the company is $130574696448, which is based on a 103.88 price-to-earnings ratio, a 2.49 price-to-earnings-growth ratio, and a beta of 2.30. The fifty day moving average price for APP is $348.9097 and a two-hundred day moving average price translates $177.28767 for the stock.
The latest earnings results from Applovin Corp (NASDAQ: APP) was released for 2024-09-30. The net profit margin was 33.51% and return on equity was 134.52% 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 $1.38B in revenue.
