In today’s recent session, 2.68 million shares of the Applovin Corp (NASDAQ:APP) have been traded, and its beta is 2.31. Most recently the company’s share price was $335.67, and it changed around $21.64 or 6.89% from the last close, which brings the market valuation of the company to $114.11B. APP at last check was trading at a discount to its 52-week high of $525.15, offering almost -56.45% off that amount. The share price’s 52-week low was $60.67, which indicates that the recent value has risen by an impressive 81.93% since then. We note from Applovin Corp’s average daily trading volume that its 10-day average is 10.2 million shares, with the 3-month average coming to 7.13 million.
Applovin Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.77. If we narrow it down even further, the data shows that 1 out of 27 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 6 recommended APP as a Hold, whereas 17 deemed it a Buy, and 0 rated it as Underweight. Applovin Corp is expected to report earnings per share of 1.96 for the current quarter.
Applovin Corp (NASDAQ:APP) trade information
Instantly APP has been showing a green trend so far today with a performance of 6.89% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 333.70 on recent trading daydecreased the stock’s daily price by -0.59%. The company’s shares are currently up 3.66% year-to-date, but still up 9.39% over the last five days. On the other hand, Applovin Corp (NASDAQ:APP) is -19.18% down in the 30-day period. We can see from the shorts that 13.66 million shares have been sold at a short interest cover period of 1.68 day(s).
The consensus price target as assigned by Wall Street analysts is $205, which translates to bulls needing to decrease their stock price by -63.74% from its current value. Analyst projections state that APP is forecast to be at a low of $147 and a high of $538.
Applovin Corp (APP) estimates and forecasts
The year-over-year growth rate is expected to be 21.26%, up from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 1.38B in revenue for the current quarter. 18 analysts expect Applovin Corp to make 1.41B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.06B and 1.08B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 29.99%. Forecasts for the next quarter put sales growth at 30.42%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 84.28%. Applovin Corp earnings are expected to increase by 45.62% in 2025, but the outlook is positive 38.61% per year for the next five years.
Applovin Corp (NASDAQ:APP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.50% of Applovin Corp shares, and 70.57% of them are in the hands of institutional investors. The stock currently has a share float of 91.05%. Applovin Corp stock is held by 1320.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 5.689% of the shares, which is about 19.1 million shares worth $1.59 billion.
GQG PARTNERS LLC, with 3.9588% or 13.29 million shares worth $1.11 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Invesco QQQ Trust, Series 1 were the top two Mutual Funds as of Dec 31, 2024. The former held 7.03 shares worth $2.38 billion, making up 2.27% of all outstanding shares. On the other hand, Invesco QQQ Trust, Series 1 held roughly 6.13 shares worth around $2.08 billion, which represents about 1.98% of the total shares outstanding.
