Needham analyst Bernie McTernan reiterated a Hold rating on AppLovin (APP – Research Report) today. The company’s shares closed yesterday at $46.87.
According to TipRanks, McTernan is an analyst with an average return of -2.5% and a 45.27% success rate. McTernan covers the Communication Services sector, focusing on stocks such as Roblox, Genius Sports Limited, and DoorDash.
AppLovin has an analyst consensus of Strong Buy, with a price target consensus of $56.34.
See today’s best-performing stocks on TipRanks >>
Based on AppLovin’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $864.26 million and a net profit of $108.64 million. In comparison, last year the company earned a revenue of $713.1 million and had a net profit of $23.77 million
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
AppLovin (APP) Company Description:
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company’s software solutions provide advanced tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their apps.
Read More on APP:
