AppLovin (APP) Set to Announce Earnings on Wednesday

AppLovin (NASDAQ:APP) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect AppLovin to post earnings of $0.56 per share for the quarter. AppLovin has set its Q1 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.14. The business had revenue of $953.26 million during the quarter, compared to the consensus estimate of $928.66 million. AppLovin had a return on equity of 24.69% and a net margin of 10.84%. The business’s revenue was up 35.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) EPS. On average, analysts expect AppLovin to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

AppLovin Trading Down 3.3 %

NASDAQ:APP opened at $70.57 on Wednesday. The company has a market capitalization of $24.13 billion, a PE ratio of 70.57, a price-to-earnings-growth ratio of 1.48 and a beta of 1.90. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.31. AppLovin has a 52-week low of $15.70 and a 52-week high of $79.55. The stock has a fifty day simple moving average of $67.66 and a 200-day simple moving average of $50.56.

Analyst Upgrades and Downgrades

APP has been the subject of a number of research analyst reports. Daiwa Capital Markets initiated coverage on shares of AppLovin in a research note on Monday, April 15th. They set a “neutral” rating and a $80.00 price objective for the company. TheStreet raised shares of AppLovin from a “d+” rating to a “c-” rating in a research note on Friday, March 8th. UBS Group upped their price objective on shares of AppLovin from $46.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Wedbush upped their price objective on shares of AppLovin from $67.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, BTIG Research boosted their target price on AppLovin from $65.00 to $87.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $59.31.

Insider Activity at AppLovin

In related news, insider Victoria Valenzuela sold 50,000 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $75.01, for a total value of $3,750,500.00. Following the completion of the sale, the insider now directly owns 471,560 shares of the company’s stock, valued at approximately $35,371,715.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Victoria Valenzuela sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $75.01, for a total value of $3,750,500.00. Following the transaction, the insider now directly owns 471,560 shares of the company’s stock, valued at approximately $35,371,715.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig Scott Billings sold 5,550 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $58.33, for a total value of $323,731.50. Following the completion of the transaction, the director now directly owns 12,739 shares in the company, valued at $743,065.87. The disclosure for this sale can be found here. Insiders sold 61,215 shares of company stock worth $4,416,815 in the last quarter. 12.43% 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.