Stocks of Applovin Corp (NASDAQ:APP) traded higher last session on Wall Street, up 1.74% to $376.54.
APP stock price is now 33.30% away from the 50-day moving average and 51.37% away from the 200-day moving average. The market capitalization of the company currently stands at $127.42B.
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, Billings Craig Scott, Director sold 12,000 shares of the company’s stock on May 12 ’25. The stock was sold for $4,237,397 at an average price of $353.12. Upon completion of the transaction, the Director now directly owns 2,987 shares in the company, valued at $1.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 14 ’25, Director HERALD Y CHEN bought 400,000 shares of the business’s stock. A total of $149,843,440 was incurred on buying the stock at an average price of $374.61. A total of 37.77% 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. According to the stock market information, the enterprise value for the company is $130575130624, which is based on a 67.99 price-to-earnings ratio, a 1.49 price-to-earnings-growth ratio, and a beta of 2.48. The fifty day moving average price for APP is $282.47 and a two-hundred day moving average price translates $248.75662 for the stock.
The latest earnings results from Applovin Corp (NASDAQ: APP) was released for 2025-03-31. 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.
