Q3 Earnings Estimate for AppLovin Issued By Wedbush

AppLovin Co. (NASDAQ:APP) – Equities researchers at Wedbush issued their Q3 2024 EPS estimates for shares of AppLovin in a research note issued on Monday, November 4th. Wedbush analyst M. Pachter forecasts that the company will post earnings per share of $0.92 for the quarter. Wedbush has a “Outperform” rating and a $270.00 price target on the stock. The consensus estimate for AppLovin’s current full-year earnings is $3.48 per share. Wedbush also issued estimates for AppLovin’s Q4 2024 earnings at $0.95 EPS, FY2024 earnings at $3.44 EPS, Q1 2025 earnings at $0.98 EPS, Q2 2025 earnings at $0.98 EPS, Q3 2025 earnings at $1.00 EPS, Q4 2025 earnings at $1.03 EPS, FY2025 earnings at $3.98 EPS, Q1 2026 earnings at $1.05 EPS, Q2 2026 earnings at $1.06 EPS, Q3 2026 earnings at $1.08 EPS and FY2026 earnings at $4.31 EPS.

AppLovin (NASDAQ:APP) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.12. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. AppLovin had a net margin of 20.89% and a return on equity of 84.16%. The business’s quarterly revenue was up 44.0% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS.

Several other analysts have also issued reports on APP. Needham & Company LLC restated a “hold” rating on shares of AppLovin in a research report on Thursday. Citigroup raised their price target on shares of AppLovin from $155.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Bank of America lifted their target price on shares of AppLovin from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Benchmark reiterated a “sell” rating and set a $66.00 target price on shares of AppLovin in a research report on Thursday. Finally, The Goldman Sachs Group lowered shares of AppLovin from a “buy” rating to a “neutral” rating and lifted their target price for the company from $103.00 to $150.00 in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $170.54.

AppLovin Stock Performance

NASDAQ APP opened at $246.53 on Wednesday. The company has a debt-to-equity ratio of 4.27, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market capitalization of $82.40 billion, a price-to-earnings ratio of 104.91, a P/E/G ratio of 2.29 and a beta of 1.86. The company’s fifty day moving average is $132.23 and its two-hundred day moving average is $98.51. AppLovin has a 52-week low of $35.79 and a 52-week high of $257.43.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. HM Payson & Co. boosted its holdings in shares of AppLovin by 50.0% in the third quarter. HM Payson & Co. now owns 300 shares of the company’s stock valued at $39,000 after buying an additional 100 shares during the period. Aptus Capital Advisors LLC boosted its holdings in shares of AppLovin by 0.3% in the third quarter. Aptus Capital Advisors LLC now owns 33,478 shares of the company’s stock valued at $4,371,000 after buying an additional 104 shares during the period. Ashton Thomas Securities LLC boosted its holdings in shares of AppLovin by 2.6% in the third quarter. Ashton Thomas Securities LLC now owns 4,797 shares of the company’s stock valued at $626,000 after buying an additional 121 shares during the period. GAMMA Investing LLC boosted its holdings in shares of AppLovin by 8.2% in the third quarter. GAMMA Investing LLC now owns 1,665 shares of the company’s stock valued at $217,000 after buying an additional 126 shares during the period. Finally, American Trust boosted its holdings in shares of AppLovin by 2.8% in the first quarter. American Trust now owns 5,550 shares of the company’s stock valued at $384,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 41.85% of the company’s stock.

Insider Transactions at AppLovin

In other news, Director Dawson Alyssa Harvey sold 1,500 shares of AppLovin stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $87.90, for a total transaction of $131,850.00. Following the completion of the sale, the director now owns 10,247 shares in the company, valued at $900,711.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CMO Katie Kihorany Jansen sold 72,307 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $75.68, for a total transaction of $5,472,193.76. Following the completion of the transaction, the chief marketing officer now owns 1,164,396 shares in the company, valued at approximately $88,121,489.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dawson Alyssa Harvey sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $87.90, for a total transaction of $131,850.00. Following the transaction, the director now owns 10,247 shares of the company’s stock, valued at approximately $900,711.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 610,094 shares of company stock worth $51,022,478 in the last quarter. 14.69% of the stock is owned by company insiders.

About AppLovin

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.