JPMorgan Chase & Co. Issues Positive Forecast for AppLovin (NASDAQ:APP) Stock Price

AppLovin (NASDAQ:APP) had its price objective raised by JPMorgan Chase & Co. from $425.00 to $650.00 in a research note published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

APP has been the topic of several other reports. Morgan Stanley lifted their target price on AppLovin from $480.00 to $750.00 and gave the stock an “overweight” rating in a report on Monday, September 29th. Wall Street Zen downgraded AppLovin from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Deutsche Bank Aktiengesellschaft set a $705.00 price objective on AppLovin and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research report on Tuesday, August 26th. Finally, Oppenheimer set a $740.00 price target on shares of AppLovin in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AppLovin presently has a consensus rating of “Moderate Buy” and a consensus target price of $643.13.

AppLovin Price Performance

Shares of APP stock traded down $1.43 during mid-day trading on Thursday, hitting $619.93. The company had a trading volume of 6,647,433 shares, compared to its average volume of 7,177,768. The company has a debt-to-equity ratio of 3.01, a current ratio of 2.74 and a quick ratio of 2.74. The stock’s 50 day moving average price is $602.04 and its 200-day moving average price is $447.68. AppLovin has a 52-week low of $200.50 and a 52-week high of $745.61. The company has a market capitalization of $209.69 billion, a P/E ratio of 75.23, a P/E/G ratio of 3.35 and a beta of 2.50.

AppLovin (NASDAQ:APP) last posted its earnings results on Wednesday, November 5th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.11. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. AppLovin had a net margin of 51.27% and a return on equity of 294.76%. AppLovin’s quarterly revenue was up 68.2% on a year-over-year basis. During the same period last year, the company posted $1.29 earnings per share. AppLovin has set its Q4 2025 guidance at EPS. Equities research analysts forecast that AppLovin will post 6.87 earnings per share for the current year.

Insider Buying and Selling

In other AppLovin news, CTO Vasily Shikin sold 30,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $437.57, for a total transaction of $13,127,100.00. Following the transaction, the chief technology officer owned 3,360,104 shares in the company, valued at $1,470,280,707.28. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Victoria Valenzuela sold 35,000 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $502.23, for a total transaction of $17,578,050.00. Following the completion of the sale, the insider directly owned 269,955 shares in the company, valued at approximately $135,579,499.65. This represents a 11.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,159,138 shares of company stock valued at $516,256,695 over the last 90 days. 13.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AppLovin

Hedge funds have recently added to or reduced their stakes in the stock. Chilton Capital Management LLC bought a new stake in shares of AppLovin during the third quarter valued at approximately $29,000. Activest Wealth Management increased its holdings in AppLovin by 760.0% during the 3rd quarter. Activest Wealth Management now owns 43 shares of the company’s stock worth $31,000 after purchasing an additional 38 shares during the period. Heartwood Wealth Advisors LLC purchased a new position in AppLovin during the 3rd quarter worth $33,000. CBIZ Investment Advisory Services LLC raised its position in AppLovin by 58.6% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 46 shares of the company’s stock valued at $33,000 after purchasing an additional 17 shares in the last quarter. Finally, Bogart Wealth LLC lifted its holdings in shares of AppLovin by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 48 shares of the company’s stock worth $34,000 after buying an additional 24 shares during the period. 41.85% of the stock is currently owned by institutional investors.

AppLovin Company Profile

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.