From MarketBeat:

Brighton Jones LLC sold a number of shares of AppLovin Co. It sold 53,327 shares and now owns about 0.7% of AppLovin’s stock. Other institutional investors have also adjusted their holdings. Additionally, CEO Arash Adam Foroughi sold 325,000 shares of AppLovin stock. Analysts have given AppLovin a “Moderate Buy” rating and a $46.31 price target. The company’s stock is currently trading at $38.11. AppLovin’s latest quarterly earnings surpassed expectations. The company has a return on equity of 11.48% and a net margin of 3.46%. It is expected to post 0.88 EPS for the current fiscal year and has a market cap of $12.80 billion.

AppLovin Corporation is a software-based platform for mobile app developers to enhance app marketing and monetization. Their solutions include AppDiscovery, Adjust, MAX, and Wurl. The company’s stock is currently trading at $38.11, with a 50-day moving average of $39.29 and a 200-day moving average of $36.59. AppLovin’s P/E ratio is 74.75 and its beta is 1.69. The company reported $864.26 million in revenue for the latest quarter, surpassing analysts’ expectations. Its software solutions match advertiser demand with publisher supply through auctions and help marketers measure and optimize campaigns. The company’s CEO and director have also recently sold shares of the company.

Despite a “Moderate Buy” rating from analysts, AppLovin was not identified as one of the top five stocks to buy by top-rated analysts, according to MarketBeat. These stocks were recommended by top analysts to their clients as favorable investment opportunities. The company has a “Moderate Buy” rating among analysts, with one analyst rating the stock as “sell”, three rating it as “hold”, and thirteen rating it as “buy”. 1,955,557 shares of the company were traded on Friday, compared to its average volume of 2,419,120.



Read more: Brighton Jones LLC Sells 53,327 Shares of AppLovin Co. (NYSE:APP)