Applovin Corp (NASDAQ:APP) has a beta value of 2.37 and has seen 10.49 million shares traded in the last trading session. The company, currently valued at $90.08B, closed the last trade at $264.97 per share which meant it lost -$7.41 on the day or -2.72% during that session. The APP stock price is -98.19% off its 52-week high price of $525.15 and 77.1% above the 52-week low of $60.67. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.48 million shares traded. The 3-month trading volume is 7.88 million shares.
The consensus among analysts is that Applovin Corp (APP) is Buy stock at the moment, with a recommendation rating of 1.74. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 21 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight.
Applovin Corp (NASDAQ:APP) trade information
Sporting -2.72% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the APP stock price touched $264.97 or saw a rise of 24.72%. Year-to-date, Applovin Corp shares have moved -18.18%, while the 5-day performance has seen it change -22.00%. Over the past 30 days, the shares of Applovin Corp (NASDAQ:APP) have changed -18.66%. Short interest in the company has seen 13.04 million shares shorted with days to cover at 1.12.
Wall Street analysts have a consensus price target for the stock at $297.5, which means that the shares’ value could jump 10.93% from current levels. The projected low price target is $147.0 while the price target rests at a high of $538.0. In that case, then, we find that the current price level is -103.04% off the targeted high while a plunge would see the stock lose 44.52% from current levels.
Applovin Corp (APP) estimates and forecasts
The company’s shares have gained 106.80% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 84.28% over the past 5 years. Earnings growth for 2025 is a modest 46.83% while over the next 5 years, the company’s earnings are expected to increase by 38.97%.
APP Dividends
Applovin Corp is expected to release its next earnings report on 2025-Feb-11 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Applovin Corp (NASDAQ:APP)’s Major holders
Insiders own 22.50% of the company shares, while shares held by institutions stand at 70.58% with a share float percentage of 91.06%. Investors are also buoyed by the number of investors in a company, with Applovin Corp having a total of 1320.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 19.1 million shares worth more than $1.59 billion. As of 2024-06-30, VANGUARD GROUP INC held 5.689% of shares outstanding.
The other major institutional holder is GQG PARTNERS LLC, with the holding of over 13.29 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.11 billion and represent 3.9588% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Invesco QQQ Trust, Series 1 . As of Dec 31, 2024 , the former fund manager holds about 2.27% shares in the company for having 7.03 shares of worth $1.86 billion while later fund manager owns 6.13 shares of worth $1.63 billion as of Feb 28, 2025 , which makes it owner of about 1.98% of company’s outstanding stock.
