AppLovin (NASDAQ:APP) Given New $775.00 Price Target at Scotiabank

AppLovin (NASDAQ:APP) had its target price lifted by Scotiabank from $750.00 to $775.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 108.13% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Wedbush lifted their price objective on shares of AppLovin from $465.00 to $640.00 and gave the stock an “outperform” rating in a research report on Thursday. Piper Sandler reissued an “overweight” rating on shares of AppLovin in a research note on Tuesday, January 20th. Benchmark reiterated a “buy” rating on shares of AppLovin in a report on Monday, February 2nd. The Goldman Sachs Group set a $585.00 price objective on shares of AppLovin and gave the company a “neutral” rating in a research note on Thursday. Finally, Evercore reissued a “buy” rating on shares of AppLovin in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $659.05.

AppLovin Trading Down 18.5%

Shares of NASDAQ APP traded down $84.45 during midday trading on Thursday, hitting $372.36. The stock had a trading volume of 7,773,597 shares, compared to its average volume of 6,516,784. The company has a market capitalization of $125.84 billion, a price-to-earnings ratio of 45.25, a PEG ratio of 1.56 and a beta of 2.49. The company has a quick ratio of 3.25, a current ratio of 3.25 and a debt-to-equity ratio of 2.38. AppLovin has a 1-year low of $200.50 and a 1-year high of $745.61. The company has a fifty day moving average price of $608.86 and a 200 day moving average price of $571.60.

AppLovin (NASDAQ:APP) last released its quarterly earnings results on Wednesday, February 11th. The company reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.35. AppLovin had a net margin of 51.27% and a return on equity of 258.49%. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company earned $1.73 earnings per share. The business’s quarterly revenue was up 66.0% compared to the same quarter last year. On average, analysts predict that AppLovin will post 6.87 earnings per share for the current year.

Insider Buying and Selling at AppLovin

In other AppLovin news, CTO Vasily Shikin sold 14,708 shares of AppLovin stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $548.45, for a total transaction of $8,066,602.60. Following the transaction, the chief technology officer directly owned 35,889 shares of the company’s stock, valued at $19,683,322.05. The trade was a 29.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Arash Adam Foroughi sold 4,069 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $497.50, for a total value of $2,024,327.50. Following the transaction, the chief executive officer owned 2,998,948 shares in the company, valued at approximately $1,491,976,630. This represents a 0.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 187,786 shares of company stock worth $100,914,925 in the last quarter. Company insiders own 13.66% of the company’s stock.

Institutional Trading of AppLovin

Several large investors have recently added to or reduced their stakes in the business. Revolve Wealth Partners LLC acquired a new position in AppLovin during the fourth quarter worth $294,000. Bison Wealth LLC acquired a new stake in AppLovin in the fourth quarter worth about $239,000. Integrated Wealth Concepts LLC grew its position in shares of AppLovin by 58.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,692 shares of the company’s stock worth $448,000 after buying an additional 621 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of AppLovin by 28.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,086 shares of the company’s stock valued at $1,431,000 after purchasing an additional 912 shares during the period. Finally, Sagespring Wealth Partners LLC raised its stake in shares of AppLovin by 31.3% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 1,304 shares of the company’s stock valued at $456,000 after purchasing an additional 311 shares during the period. 41.85% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting AppLovin

Here are the key news stories impacting AppLovin this week:

• Positive Sentiment: Q4 earnings beat — AppLovin reported $3.24 EPS vs. $2.89 expected and revenue of $1.66B (up 66% YoY), showing strong profitability and margin expansion. BusinessWire: Q4 Results
• Positive Sentiment: Q1 guidance tops street — AppLovin issued revenue guidance of about $1.7B–$1.8B for Q1, above the ~ $1.6B consensus, which is constructive for near-term top-line visibility. Earnings Release / Guidance
• Positive Sentiment: Analyst backing remains — Needham reaffirmed a “buy” rating with a $700 target, signaling continued analyst confidence in AppLovin’s long-term growth thesis. Benzinga: Needham Rating
• Neutral Sentiment: Mixed analyst positioning — BTIG trimmed its price target from $771 to $640 but kept a buy rating; that narrows upside expectations even as the stock remains a buy for some firms. The Fly: BTIG PT Cut
• Neutral Sentiment: Management tone — CEO downplayed AI-related risks on the call, an attempt to reassure investors about the company’s strategic positioning in AI-driven ad products. MSN: CEO Comments
• Negative Sentiment: Market reaction: sell-the-news / demand worries — Despite beats, several outlets and traders flagged softer-than-expected advertising demand, heightened competition and questions about sustainable growth; that commentary drove a post-earnings pullback. Reuters: Revenue / Competition Concerns
• Negative Sentiment: Coverage and sentiment noise — Multiple headlines (Investopedia, MarketWatch, Seeking Alpha) emphasise the stock slide and investor disappointment post-earnings, which can amplify volatility and short-term selling pressure. Investopedia: Market Headlines

About AppLovin

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.