For AppLovin Corporation [APP], Analyst sees a rise to $55. What next?


AppLovin Corporation [NASDAQ: APP] traded at a low on 07/14/22, posting a -6.47 loss after which it closed the day’ session at $30.81. The company report on May 13, 2022 that AppLovin to Participate at the J.P. Morgan Global Technology, Media and Communications Conference.

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AppLovin Corporation (NASDAQ: APP), a leading marketing platform, today announced that CEO Adam Foroughi will participate in a fireside chat at the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston on Tuesday, May 24, 2022 at 4:10 p.m. Eastern Time.

The results of the trading session contributed to over 2643798 shares changing hands. Over the past one week, the price volatility of AppLovin Corporation stands at 6.46% while the volatility over the past one month is 6.82%.

The market cap for APP stock reached $11.73 billion, with 371.97 million shares outstanding and 184.70 million shares in the current float. Compared to the average trading volume of 3.22M shares, APP reached a trading volume of 2643798 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about AppLovin Corporation [APP]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APP shares is $71.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APP stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

KeyBanc Capital Markets have made an estimate for AppLovin Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 30, 2022. The new note on the price target was released on May 12, 2022, representing the official price target for AppLovin Corporation stock. Previously, the target price had yet another drop from $70 to $43, while BofA Securities kept a Neutral rating on APP stock.

The Average True Range (ATR) for AppLovin Corporation is set at 2.60, with the Price to Sales ratio for APP stock in the period of the last 12 months amounting to 4.17. The Price to Book ratio for the last quarter was 5.70, with the Price to Cash per share for the same quarter was set at 3.71.

How has APP stock performed recently?

AppLovin Corporation [APP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.15. With this latest performance, APP shares dropped by -8.93% in over the last four-week period, additionally sinking by -63.32% over the last 6 months – not to mention a drop of -52.72% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APP stock in for the last two-week period is set at 37.38, with the RSI for the last a single of trading hit 30.83, and the three-weeks RSI is set at 40.34 for AppLovin Corporation [APP]. The present Moving Average for the last 50 days of trading for this stock 36.45, while it was recorded at 34.09 for the last single week of trading, and 64.66 for the last 200 days.

AppLovin Corporation [APP]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and AppLovin Corporation [APP] shares currently have an operating margin of +5.37 and a Gross Margin at +63.81. AppLovin Corporation’s Net Margin is presently recorded at +1.14.

Return on Equity for this stock inclined to 3.20, with Return on Assets sitting at 0.76.

AppLovin Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 2.90.

Earnings analysis for AppLovin Corporation [APP]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for AppLovin Corporation go to 23.50%.

Insider trade positions for AppLovin Corporation [APP]

There are presently around $4,274 million, or 43.90% of APP stock, in the hands of institutional investors. The top three institutional holders of APP stocks are: KOHLBERG KRAVIS ROBERTS & CO. L.P. with ownership of 60,735,000, which is approximately -39.046% of the company’s market cap and around 12.30% of the total institutional ownership; VANGUARD GROUP INC, holding 11,973,808 shares of the stock with an approximate value of $394.42 million in APP stocks shares; and VULCAN VALUE PARTNERS, LLC, currently with $345.5 million in APP stock with ownership of nearly -45.971% of the company’s market capitalization.

Positions in AppLovin Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 123 institutional holders increased their position in AppLovin Corporation [NASDAQ:APP] by around 17,465,314 shares. Additionally, 74 investors decreased positions by around 60,064,783 shares, while 23 investors held positions by with 52,206,886 shares. The mentioned changes placed institutional holdings at 129,736,983 shares, according to the latest SEC report filing. APP stock had 50 new institutional investments in for a total of 5,640,821 shares, while 43 institutional investors sold positions of 4,815,384 shares during the same period.