AppLovin's (APP) Hold Rating Reiterated at Needham & Company LLC

AppLovin (NASDAQ:APP - Get Free Report)'s stock had its "hold" rating reiterated by equities researchers at Needham & Company LLC in a research note issued on Monday,Benzinga reports.

A number of other research firms have also recently commented on APP. Arete Research set a $200.00 price objective on AppLovin in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on shares of AppLovin from $325.00 to $475.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. The Goldman Sachs Group raised their price objective on shares of AppLovin from $220.00 to $335.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Jefferies Financial Group increased their price target on shares of AppLovin from $400.00 to $425.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Finally, UBS Group upped their price objective on AppLovin from $440.00 to $630.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $438.28.

AppLovin Stock Up 4.2 %

Shares of APP stock traded up $11.78 during mid-day trading on Monday, hitting $290.62. The company's stock had a trading volume of 3,463,674 shares, compared to its average volume of 5,199,885. The company has a debt-to-equity ratio of 3.70, a quick ratio of 2.41 and a current ratio of 2.41. AppLovin has a 52-week low of $60.67 and a 52-week high of $525.15. The stock has a market cap of $98.80 billion, a price-to-earnings ratio of 64.01, a PEG ratio of 3.02 and a beta of 2.33. The business has a 50-day moving average price of $355.01 and a 200 day moving average price of $272.03.

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AppLovin (NASDAQ:APP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.61. AppLovin had a net margin of 33.54% and a return on equity of 188.55%. Research analysts predict that AppLovin will post 6.87 EPS for the current fiscal year.

Insider Transactions at AppLovin

In related news, insider Victoria Valenzuela sold 15,971 shares of the company's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $313.07, for a total transaction of $5,000,040.97. Following the sale, the insider now owns 372,205 shares of the company's stock, valued at $116,526,219.35. This represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Arash Adam Foroughi sold 45,000 shares of AppLovin stock in a transaction on Friday, February 21st. The stock was sold at an average price of $422.21, for a total transaction of $18,999,450.00. Following the completion of the transaction, the chief executive officer now directly owns 2,914,492 shares of the company's stock, valued at $1,230,527,667.32. The trade was a 1.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 322,871 shares of company stock valued at $111,401,882. 14.69% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AppLovin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APP. GHP Investment Advisors Inc. bought a new position in shares of AppLovin during the 4th quarter valued at approximately $25,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of AppLovin in the fourth quarter valued at $25,000. Meeder Asset Management Inc. bought a new stake in shares of AppLovin in the 3rd quarter worth about $27,000. Riverview Trust Co boosted its stake in shares of AppLovin by 1,640.0% during the 4th quarter. Riverview Trust Co now owns 87 shares of the company's stock worth $28,000 after purchasing an additional 82 shares during the period. Finally, Tucker Asset Management LLC purchased a new position in shares of AppLovin during the 4th quarter worth about $28,000. 41.85% of the stock is currently owned by hedge funds and other institutional investors.

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.