Applovin Corp (NASDAQ:APP)’s traded shares stood at 6.91 million during the last session, with the company’s beta value hitting 2.36. At the close of trading, the stock’s price was $297.03, to imply an increase of 6.52% or $18.19 in intraday trading. The APP share’s 52-week high remains $525.15, putting it -76.8% down since that peak but still an impressive 79.57% since price per share fell to its 52-week low of $60.67. The company has a valuation of $100.98B, with an average of 11.49 million shares in intraday trading volume over the past 10 days and average of 7.08 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Applovin Corp (APP), translating to a mean rating of 1.77. Of 21 analyst(s) looking at the stock, 1 analyst(s) give APP a Sell rating. 0 of those analysts rate the stock as Overweight while 7 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.96.
Applovin Corp (NASDAQ:APP) trade information
After registering a 6.52% upside in the last session, Applovin Corp (APP) has traded red over the past five days. The 5-day price performance for the stock is 8.97%, and -40.11% over 30 days. With these gigs, the year-to-date price performance is -8.28%. Short interest in Applovin Corp (NASDAQ:APP) saw shorts transact 13.66 million shares and set a 1.68 days time to cover.
The extremes give us $147 and $538 for target low and target high price respectively. As such, APP has been trading -81.13% off suggested target high and 50.51% from its likely low.
Applovin Corp (APP) estimates and forecasts
The rating firms project that company’s revenue will grow 21.26% compared to the previous financial year.
Revenue forecast for the current quarter as set by 18 analysts is 1.38B. Meanwhile, for the current quarter, a total of 18 analyst(s) estimate revenue growth to 1.41B.Earnings reports from the last fiscal year show that sales brought in 1.06B and 1.08B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 29.99% before jumping 30.42% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 84.28% for the past 5-year period. While 2025 is set for a 45.62% return in earnings, projections for the next 5 years are at 38.61% annually.
APP Dividends
Applovin Corp has its next earnings report out on 2025-Feb-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Applovin Corp (NASDAQ:APP)’s Major holders
Applovin Corp insiders hold 22.50% of total outstanding shares, with institutional holders owning 70.54% of the shares at 91.01% float percentage. In total, 70.54% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 19.1 million shares (or 5.689% of shares), all amounting to roughly $1.59 billion.
The next major institution holding the largest number of shares is GQG PARTNERS LLC with 13.29 million shares, or about 3.9588% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.11 billion.
Going by data provided on Dec 31, 2024, Vanguard Total Stock Market Index Fund holds roughly 7.03 shares. This is just over 2.27% of the total shares, with a market valuation of $2.09 billion. Data from the same date shows that the other fund manager holds a little less at 6.13, or 1.98% of the shares, all valued at about 1.82 billion.
