Applovin Corp (NASDAQ:APP) shares traded 11.88% higher at $339.51 on Wall Street last session.
APP stock price is now 21.16% away from the 50-day moving average and 39.59% away from the 200-day moving average. The market capitalization of the company currently stands at $114.88B.
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With the price target maintained at $350, Morgan Stanley recently Upgraded its rating from Equal-Weight to Overweight for Applovin Corp (NASDAQ: APP). On March 28, 2025, FBN Securities recently initiated its ‘Outperform’ rating on the stock quoting a target price of $385, while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Jansen Katie Kihorany, Officer bought 199,978 shares of the company’s stock on May 08 ’25. The stock was bought for $69,091,718 at an average price of $345.50. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 10 ’25, Chief Technology Officer Shikin Vasily sold 17,500 shares of the business’s stock. A total of $4,228,934 was realized by selling the stock at an average price of $241.65. This leaves the insider owning 88,389 shares of the company worth $30.01 million. A total of 37.55% of the company’s stock is owned by insiders.
During the past 12 months, Applovin Corp has had a low of $60.67 and a high of $525.15. As of last week, the company has a debt-to-equity ratio of 6.45, a current ratio of 1.68, and a quick ratio of 1.68.
The net profit margin was 37.38% and return on equity was 287.44% for APP. The company reported revenue of $1.48 billion for the quarter, compared to $1.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.25 percent.
