A number of other brokerages have also commented on APP. UBS Group upgraded AppLovin from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $100.00 to $145.00 in a research report on Tuesday, September 17th. Oppenheimer restated an "outperform" rating and set a $105.00 target price (up from $97.00) on shares of AppLovin in a research report on Thursday, August 8th. Loop Capital assumed coverage on AppLovin in a research report on Tuesday. They set a "buy" rating and a $181.00 target price for the company. Wedbush decreased their target price on AppLovin from $100.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group lowered AppLovin from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $103.00 to $150.00 in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, AppLovin has an average rating of "Moderate Buy" and an average target price of $117.58.

View Our Latest Stock Report on APP

AppLovin stock opened at $158.85 on Tuesday. The stock has a 50-day simple moving average of $113.67 and a 200 day simple moving average of $91.00. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 4.27. AppLovin has a 12-month low of $34.45 and a 12-month high of $159.81. The stock has a market capitalization of $52.26 billion, a price-to-earnings ratio of 94.55, a P/E/G ratio of 2.07 and a beta of 1.92.

AppLovin (NASDAQ:APP - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.12. AppLovin had a return on equity of 84.16% and a net margin of 20.89%. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the business posted $0.22 earnings per share. The firm's revenue for the quarter was up 44.0% compared to the same quarter last year. On average, research analysts anticipate that AppLovin will post 3.46 earnings per share for the current fiscal year.

In other AppLovin news, Director Dawson Alyssa Harvey sold 1,500 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $87.90, for a total transaction of $131,850.00. Following the completion of the sale, the director now directly owns 10,247 shares in the company, valued at $900,711.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other AppLovin news, Director Dawson Alyssa Harvey sold 1,500 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $87.90, for a total transaction of $131,850.00. Following the completion of the sale, the director now directly owns 10,247 shares in the company, valued at $900,711.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew Stumpf sold 60,615 shares of the company's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $79.63, for a total transaction of $4,826,772.45. Following the transaction, the chief financial officer now owns 254,458 shares of the company's stock, valued at $20,262,490.54. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 610,094 shares of company stock worth $51,022,478 over the last three months. Insiders own 14.69% of the company's stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in AppLovin by 8.2% in the third quarter. GAMMA Investing LLC now owns 1,665 shares of the company's stock valued at $217,000 after purchasing an additional 126 shares during the period. American Trust grew its holdings in AppLovin by 2.8% during the 1st quarter. American Trust now owns 5,550 shares of the company's stock worth $384,000 after acquiring an additional 150 shares during the period. Highland Capital Management LLC grew its holdings in AppLovin by 0.5% during the 1st quarter. Highland Capital Management LLC now owns 28,120 shares of the company's stock worth $1,946,000 after acquiring an additional 153 shares during the period. Cullen Frost Bankers Inc. grew its holdings in AppLovin by 10.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,205 shares of the company's stock worth $184,000 after acquiring an additional 205 shares during the period. Finally, Signaturefd LLC grew its holdings in AppLovin by 9.5% during the 2nd quarter. Signaturefd LLC now owns 2,489 shares of the company's stock worth $207,000 after acquiring an additional 215 shares during the period. 41.85% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider AppLovin, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AppLovin wasn't on the list.

While AppLovin currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.