Needham & Company LLC Lowers AppLovin (NASDAQ:APP) Price Target to $500.00

AppLovin (NASDAQ:APP) had its price target reduced by Needham & Company LLC from $700.00 to $500.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 19.67% from the company’s current price.

Several other brokerages have also recently issued reports on APP. KeyCorp set a $775.00 target price on AppLovin in a research report on Wednesday, June 10th. The Goldman Sachs Group cut their price target on shares of AppLovin from $585.00 to $465.00 and set a “neutral” rating on the stock in a research note on Thursday. UBS Group raised their price objective on AppLovin from $750.00 to $798.00 and gave the stock a “buy” rating in a research note on Monday. BTIG Research restated a “buy” rating and set a $640.00 target price on shares of AppLovin in a research report on Thursday, May 7th. Finally, Argus initiated coverage on AppLovin in a research report on Tuesday, April 14th. They issued a “buy” rating and a $520.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $612.45.

AppLovin Trading Down 0.5%

Shares of APP opened at $417.80 on Thursday. The company has a 50-day moving average of $484.79 and a 200 day moving average of $466.38. The company has a debt-to-equity ratio of 1.49, a current ratio of 3.24 and a quick ratio of 3.24. AppLovin has a 1-year low of $359.00 and a 1-year high of $745.61. The firm has a market capitalization of $140.36 billion, a price-to-earnings ratio of 35.89, a PEG ratio of 0.69 and a beta of 2.54.

AppLovin (NASDAQ:APP) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $3.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.76. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business earned $2.39 earnings per share. AppLovin’s quarterly revenue was up 52.8% on a year-over-year basis. On average, research analysts expect that AppLovin will post 15.93 EPS for the current year.

Insider Buying and Selling at AppLovin

In other news, Director Maynard G. Webb, Jr. sold 3,076 shares of AppLovin stock in a transaction on Monday, July 6th. The stock was sold at an average price of $521.29, for a total transaction of $1,603,488.04. Following the transaction, the director owned 120,444 shares in the company, valued at $62,786,252.76. The trade was a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Victoria Valenzuela sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $565.89, for a total transaction of $11,317,800.00. Following the completion of the transaction, the insider owned 243,961 shares in the company, valued at $138,055,090.29. The trade was a 7.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 393,000 shares of company stock valued at $197,297,363. 12.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Belpointe Asset Management LLC boosted its position in shares of AppLovin by 24.7% during the second quarter. Belpointe Asset Management LLC now owns 4,063 shares of the company’s stock worth $2,093,000 after buying an additional 805 shares during the period. Fortis Capital Advisors LLC purchased a new position in AppLovin in the second quarter worth approximately $1,297,000. Soltis Investment Advisors LLC increased its holdings in AppLovin by 6.4% in the second quarter. Soltis Investment Advisors LLC now owns 1,093 shares of the company’s stock valued at $563,000 after buying an additional 66 shares during the last quarter. Daymark Wealth Partners LLC acquired a new stake in shares of AppLovin during the 2nd quarter worth about $207,000. Finally, Mitchell Capital Management Co. raised its holdings in AppLovin by 2.5% during the second quarter. Mitchell Capital Management Co. now owns 9,762 shares of the company’s stock worth $5,030,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 41.85% of the company’s stock.

Key AppLovin News

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: AppLovin reported adjusted earnings of $3.76 per share, in line with the primary consensus estimate and above the $3.72 Zacks estimate. Revenue increased 52.8% year over year to $1.924 billion, demonstrating continued strong growth. AppLovin Announces Second Quarter 2026 Financial Results
• Positive Sentiment: Management said an SEC investigation involving the company has been closed, removing a regulatory overhang for investors. APP Stock Plunges After Revenue Miss and Soft Guidance
• Neutral Sentiment: The company continues to benefit from the broader AI and application-software investment theme, with some analysts viewing AppLovin as an application-layer AI business capable of converting growth into substantial profits. However, the market’s reaction indicates that future growth expectations are already demanding. Three Stocks That Prove the AI Trade Is Not Over
• Negative Sentiment: Second-quarter revenue came in below Wall Street’s roughly $1.94 billion forecast. The modest top-line miss was particularly disappointing because earnings growth and AppLovin’s elevated valuation had set a very high bar. AppLovin Reports Second-Quarter Revenue Below Estimates
• Negative Sentiment: Third-quarter revenue guidance of $2.055 billion to $2.085 billion, or approximately $2.07 billion at the midpoint, was below the approximately $2.08 billion analyst expectation. The softer outlook fueled concerns that AppLovin’s rapid growth may be moderating. AppLovin Gives Soft Third-Quarter Outlook
• Negative Sentiment: A law firm is investigating potential claims on behalf of AppLovin investors, adding a separate headline risk, although the investigation itself does not establish wrongdoing. Pomerantz Investor Alert

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.