Previous close | 25.01 |
Open | 24.51 |
Bid | 24.55 x 800 |
Ask | 24.56 x 800 |
Day's range | 24.13 - 24.85 |
52-week range | 9.14 - 44.76 |
Volume | |
Avg. volume | 2,766,774 |
Market cap | 8.93B |
Beta (5Y monthly) | 1.94 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades for Tencent Music, Snap, AppLovin, and Wynn Resorts. Tencent Music Entertainment (NYSE:TME) shares surged more than 8% after the company reported solid Q1 earnings and earned several upgrades, as InvestingPro reported in real time. Macquarie upgraded to Neutral from Underperform and raised its price target to $7.40 from $5.10, highlighting effective diversification and better margins.
Shares of mobile-app developer and software company AppLovin (NASDAQ: APP) soared higher on Thursday after the company released financial results for the first quarter of 2023. As of 10 a.m. ET, AppLovin stock was up 24%. In Q1, AppLovin generated revenue of $715 million, up 14% year over year and well ahead of management's guidance of $685 million to $705 million.
Welcome, everyone, to the AppLovin earnings call for the first quarter ended March 31, 2023. Joining me today to discuss our results are Adam Foroughi, our co-founder, CEO and chairperson; and Herald Chen, our president and CFO. Please note, our SEC filings, as well as our shareholder letter discussing our first quarter performance are available at investors.applovin.com.
AppLovin (APP) delivered earnings and revenue surprises of -120% and 3.15%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Vivid Seats Inc. (SEAT) delivered earnings and revenue surprises of 150% and 15.79%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
NV5 (NVEE) delivered earnings and revenue surprises of 3.53% and 2.40%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Investors need to pay close attention to AppLovin (APP) stock based on the movements in the options market lately.
AppLovin (NASDAQ: APP) shares beat the market this week, rising over 20% through Thursday trading compared to a 1.3% decline in the wider market, according to data provided by S&P Global Market Intelligence. The latest rally was sparked by a fourth-quarter earnings update that showed stability in AppLovin's business. Sales for Q4 fell 11% to $702 million as many of its business lines remained pressured by slowing advertising spending and weaker in-game spending.
Investors were eager to snatch up shares of AppLovin (NASDAQ: APP) after the company reported its fourth-quarter results. The company, which helps app developers monetize their apps with advertising, reported mixed results for the quarter, but investors reacted to the AppLovin's better-than-expected revenue guidance of the first quarter. AppLovin's fourth-quarter sales fell 11.5% to $702.3 million, but that was good enough to beat the consensus estimate of $689.9 million.
Welcome, everyone, to AppLovin's earnings call for the fourth quarter and year ended December 31, 2022. Please note our SEC filings, as well as our shareholder letter discussing our fourth-quarter performance, are available at investors applovin.com. During today's call, we may be making forward-looking statements regarding future events, market expectations, or future financial performance of the company and the strategic review of our apps portfolio.
AppLovin (APP) delivered earnings and revenue surprises of -100% and 1.77%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Kyndryl Holdings, Inc. (KD) delivered earnings and revenue surprises of 17.54% and 8.67%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
APP, ACIW and ABM have been added to the Zacks Rank #5 (Strong Sell) List on January 11, 2023.
Investors need to pay close attention to AppLovin (APP) stock based on the movements in the options market lately.
According to data compiled by S&P Global Market Intelligence, the company's share price was down a queasy 27% week to date as of early Friday morning. The market is hardly eager to snap up tech stocks like AppLovin, and this sentiment was exacerbated by an analyst's downgrade. One theme of this year that seems to be rearing its head as the new year approaches is the shunning of more speculative tech stocks.
Welcome to AppLovin's earnings call for the third quarter ended September 30, 2022. Joining me today to discuss our results are our co-founder, CEO, and chairperson Adam Foroughi; and our president and chief financial officer, Herald Chen. Please note our SEC filings, as well as our shareholder letter discussing our third quarter performance, are available at investors.applovin.com.
AppLovin (APP) delivered earnings and revenue surprises of -33.33% and 2.69%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
APP, ACH, and AA have been added to the Zacks Rank #5 (Strong Sell) List on October 11, 2022.
These three companies considered a couple of different merger ideas in recent months. September brought some clarity to this complicated situation, but some investors may have preferred an all-out bidding war.
Unity Software (NYSE: U) has been an absolute mess. There's of course the bear market that has sunk Unity's stock over 80% from all-time highs, but that's just the beginning. Earlier this year, the 3D content creation platform was reporting issues with its Unity Monetization segment, the tool video game developers use to earn revenue from their creations.
Year to date, Unity is down 74%. This raises the likelihood of further interest-rate hikes by the Federal Reserve in the near term. Higher interest rates are bad for stocks that trade at high valuations since it means a lower present value for future profits when estimating the long-term value of a business.
What happened Shares of Unity Software (NYSE: U) were up 14.3% in August, according to data provided by S&P Global Market Intelligence. If you're a shareholder hoping for some action, you got what you wanted -- the month was jam-packed with information relevant to an investment thesis.
While investors focused on Unity's merger news, the company saw huge progress in one area in its second quarter.
In the mobile app creation and monetization space, three of the biggest public companies are Unity Software (NYSE: U), ironSource (NYSE: IS), and AppLovin (NASDAQ: APP). On July 13, Unity Software and ironSource made a surprise merger announcement. This characterization may sound hyperbolic, but consider that less than one month later, AppLovin proposed its own merger with Unity with terms so attractive it hints at desperation.
Shares of app-monetization platform ironSource (NYSE: IS) popped on Monday after Unity Software (NYSE: U) officially rejected a proposal to merge with AppLovin, in favor of merging with ironSource. As of 10 a.m. ET today, ironSource stock was up 13%. This morning, Unity's management released a statement saying it officially intends to merge with ironSource.