AppLovin (APP) Expected to Announce Earnings on Wednesday

AppLovin (NASDAQ:APP - Get Free Report) is expected to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect AppLovin to post earnings of $1.12 per share and revenue of $1.26 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

AppLovin (NASDAQ:APP - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.33. The firm had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.13 billion. AppLovin had a return on equity of 122.24% and a net margin of 26.85%. The company's quarterly revenue was up 38.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. On average, analysts expect AppLovin to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

AppLovin Price Performance

NASDAQ:APP traded down $4.91 during trading hours on Friday, hitting $375.72. The company's stock had a trading volume of 3,115,854 shares, compared to its average volume of 3,704,961. The stock has a fifty day simple moving average of $346.12 and a 200-day simple moving average of $218.27. The company has a market capitalization of $126.09 billion, a P/E ratio of 113.85, a PEG ratio of 3.10 and a beta of 2.30. AppLovin has a twelve month low of $45.12 and a twelve month high of $417.64. The company has a debt-to-equity ratio of 3.70, a current ratio of 2.41 and a quick ratio of 2.41.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on APP shares. Benchmark initiated coverage on AppLovin in a report on Friday, January 10th. They issued a "buy" rating and a $375.00 price target on the stock. Macquarie raised their target price on AppLovin from $270.00 to $450.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of AppLovin in a report on Thursday, November 7th. Citigroup lifted their target price on AppLovin from $335.00 to $460.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group boosted their target price on AppLovin from $220.00 to $335.00 and gave the stock a "neutral" rating in a research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $366.29.

Insider Activity at AppLovin

In other AppLovin news, CFO Herald Y. Chen sold 400 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $366.16, for a total transaction of $146,464.00. Following the transaction, the chief financial officer now owns 207,649 shares of the company's stock, valued at $76,032,757.84. This represents a 0.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Katie Kihorany Jansen sold 59,876 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $286.14, for a total transaction of $17,132,918.64. Following the completion of the sale, the chief marketing officer now directly owns 1,017,388 shares in the company, valued at $291,115,402.32. This represents a 5.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 888,867 shares of company stock worth $284,773,062 over the last 90 days. Company insiders own 14.69% of the company's stock.

About AppLovin

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.