FY2024 EPS Estimates for AppLovin Raised by William Blair

AppLovin Co. (NASDAQ:APP) – Equities researchers at William Blair upped their FY2024 earnings estimates for shares of AppLovin in a research note issued on Wednesday, November 6th. William Blair analyst R. Schackart now expects that the company will post earnings of $4.13 per share for the year, up from their previous estimate of $3.48. The consensus estimate for AppLovin’s current full-year earnings is $3.98 per share. William Blair also issued estimates for AppLovin’s Q4 2024 earnings at $1.32 EPS, Q1 2025 earnings at $1.37 EPS, Q2 2025 earnings at $1.39 EPS, Q3 2025 earnings at $1.59 EPS, Q4 2025 earnings at $1.66 EPS, FY2025 earnings at $6.01 EPS and FY2026 earnings at $7.63 EPS.

Several other equities analysts have also recently issued reports on APP. Jefferies Financial Group boosted their target price on shares of AppLovin from $105.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Stifel Nicolaus upped their price objective on shares of AppLovin from $185.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Macquarie upped their price objective on shares of AppLovin from $150.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Daiwa Capital Markets upgraded shares of AppLovin from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $80.00 to $280.00 in a research report on Friday. Finally, Loop Capital upped their price objective on shares of AppLovin from $181.00 to $385.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $194.31.

AppLovin Stock Performance

APP opened at $286.43 on Monday. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.28. The firm has a fifty day moving average price of $143.14 and a 200 day moving average price of $103.05. AppLovin has a 1 year low of $35.79 and a 1 year high of $292.86. The stock has a market cap of $95.74 billion, a P/E ratio of 86.80, a P/E/G ratio of 4.18 and a beta of 1.86.

AppLovin (NASDAQ:APP) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.92 by $0.33. AppLovin had a net margin of 26.85% and a return on equity of 122.24%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same period in the previous year, the business posted $0.30 EPS. The business’s quarterly revenue was up 38.6% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in shares of AppLovin during the third quarter worth about $25,000. DT Investment Partners LLC acquired a new stake in shares of AppLovin during the third quarter worth about $27,000. Meeder Asset Management Inc. acquired a new stake in shares of AppLovin during the third quarter worth about $27,000. Raleigh Capital Management Inc. acquired a new stake in shares of AppLovin during the third quarter worth about $29,000. Finally, Quest Partners LLC acquired a new stake in shares of AppLovin during the second quarter worth about $33,000. Institutional investors and hedge funds own 41.85% of the company’s stock.

Insider Activity at AppLovin

In related news, Director Dawson Alyssa Harvey sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $87.90, for a total value of $131,850.00. Following the completion of the sale, the director now owns 10,247 shares of the company’s stock, valued at approximately $900,711.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other AppLovin news, insider Victoria Valenzuela sold 14,166 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $89.98, for a total value of $1,274,656.68. Following the transaction, the insider now owns 352,616 shares of the company’s stock, valued at $31,728,387.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dawson Alyssa Harvey sold 1,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $87.90, for a total transaction of $131,850.00. Following the completion of the transaction, the director now directly owns 10,247 shares in the company, valued at $900,711.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 477,172 shares of company stock valued at $40,723,512. 14.69% of the stock is owned by company insiders.

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.