In the last trading session, 1.49 million AppLovin Corporation (NASDAQ:APP) shares changed hands as the company’s beta touched 0. With the company’s per share price at $74.96 changed hands at -$2.42 or -3.13% during last session, the market valuation stood at $25.64B. APP’s last price was a discount, traded about -20.1% off its 52-week high of $90.03. The share price had its 52-week low at $49.41, which suggests the last value was 34.08% up since then. When we look at AppLovin Corporation’s average trading volume, we note the 10-day average is 1.97 million shares, with the 3-month average coming to 1.05 million.
Analysts gave the AppLovin Corporation (APP) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.90. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended APP as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. AppLovin Corporation’s EPS for the current quarter is expected to be $0.1.
AppLovin Corporation (NASDAQ:APP) trade information
Instantly APP was in red as seen at the end of in last trading. With action -3.87%, the performance over the past five days has been red. The drop to weekly highs of 80.22 on Monday, 09/13/21 subtracted -3.13% to the stock’s daily price. The company’s shares are showing year-to-date upside of 14.97%, with the 5-day performance at -3.87% in the red. However, in the 30-day time frame, AppLovin Corporation (NASDAQ:APP) is 31.60% up. Looking at the short shares, we see there were 4.33 million shares sold at short interest cover period of 5.17 days.
The consensus price target for the stock as assigned by Wall Street analysts is $81.56, meaning bulls need an upside of 8.09% from its current market value. According to analyst projections, APP’s forecast low is $60.00 with $95.00 as the target high. To hit the forecast high, the stock’s price needs a -26.73% plunge from its current level, while the stock would need to tank 19.96% for it to hit the projected low.
AppLovin Corporation (APP) estimates and forecasts
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of $696.56 million. 8 analysts are of the opinion that AppLovin Corporation’s revenue for the quarter ending Dec 2021 will be $750.17 million.
The 2021 estimates are for AppLovin Corporation earnings to decrease by -263.90%.
AppLovin Corporation is expected to release its next quarterly earnings report on May 12.
AppLovin Corporation (NASDAQ:APP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 70.91% of AppLovin Corporation shares while 1.23% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 4.24%. There are 1.23% institutions holding the AppLovin Corporation stock share, with Franklin Strategic Series-Franklin Growth Opportunities the top institutional holder. As of Apr 29, 2021, the company held 0.08% of the shares, roughly 0.18 million APP shares worth $10.2 million.
Franklin Strategic Series-Franklin Small-Mid Cap Growth holds the second largest percentage of outstanding shares, with 0.08% or 0.17 million shares worth $10.12 million as of Apr 29, 2021.