In the last trading session, 6.21 million Applovin Corp (NASDAQ:APP) shares changed hands as the company’s beta touched 2.47. With the company’s per share price at $370.63 changed hands at $8.29 or 2.29% during last session, the market valuation stood at $125.42B. APP’s last price was a discount, traded about -41.69% off its 52-week high of $525.15. The share price had its 52-week low at $60.67, which suggests the last value was 83.63% up since then.
Analysts gave the Applovin Corp (APP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.68. If we narrow down to specifics, the data shows that 1 out of 21 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended APP as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight.
Applovin Corp (NASDAQ:APP) trade information
Instantly APP was in green as seen at the end of in last trading. With action 6.53%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 14.45%, with the 5-day performance at 6.53% in the green. However, in the 30-day time frame, Applovin Corp (NASDAQ:APP) is 55.58% up.
The consensus price target for the stock as assigned by Wall Street analysts is 435.5, meaning bulls need an upside of 14.9% from its current market value. According to analyst projections, APP’s forecast low is 200 with 650 as the target high. To hit the forecast high, the stock’s price needs a -75.38% plunge from its current level, while the stock would need to tank 46.04% for it to hit the projected low.
Applovin Corp (APP) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 84.28%. The 2025 estimates are for Applovin Corp earnings to increase by 75.33%, but the outlook for the next 5-year period is at 45.71% per year.
Applovin Corp (NASDAQ:APP)’s Major holders
GQG PARTNERS LLC holds the second largest percentage of outstanding shares, with 3.9588% or 13.29 million shares worth $1.11 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Invesco QQQ Trust, Series 1. With 7.03 shares estimated at $2.6 billion under it, the former controlled 2.28% of total outstanding shares. On the other hand, Invesco QQQ Trust, Series 1 held about 2.07% of the shares, roughly 6.37 shares worth around $2.36 billion.
