How to Buy Applovin Stock
Applovin Corp
AppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally.
Applovin stock last closed at $86.23, up 13.15% from the previous day, and has increased 130.12% in one year. It has overperformed other stocks in the Software - Application industry by 1.15 percentage points. Applovin stock is currently +150.3% from its 52-week low of $34.45, and -7.97% from its 52-week high of $93.70.
As of Sep 10, 2024, there are 334.25M shares of APP outstanding. The market value of APP is $28.82B. In the past 24 hours, 2.83M APP shares were traded.
How to Buy Applovin Stock
Not sure how to invest in Applovin stock? Here's how.
- Decide where to buy Applovin stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Applovin stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your payment method and add your information.
- Research Applovin stock: The Applovin ticker symbol is APP. Is Applovin stock a good investment? Should you buy shares of APP? How do APP's underlying business fundamentals look? Do top analysts think Applovin is a good buy? Why has APP's stock price moved recently? (Hint: Our stock research tools can help you evaluate if APP is a good stock to buy).
- Place your APP trade: Decide if you will purchase APP shares at the current market price or use a limit order to purchase APP shares at a particular price.
- Get the latest scoop on your APP investment: Create a watchlist to monitor your new investment in Applovin shares.
Step 1: Decide where to buy Applovin stock
You need a brokerage account in order to access the NASDAQ market and buy APP shares.
Our favorite brokerage: eToro
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Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, you need to fill out some personal info so you can invest in APP today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new brokerage account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have opened your account on our top ranked stock trading app, you can securely and quickly fund your account:
Check out this video walkthrough if you need help depositing money into your brokerage account.
Step 4: Research Applovin stock
Once you have identified the best place to buy Applovin stock, it's crucial to analyze their stock prior to buying, so you can wrap your head around the risk and opportunity.
Overview of key APP info
Fundamentals of Applovin
WallStreetZen was created to help everyday investors perform better fundamental analysis.
You can see all of the due diligence checks on APP's stock page.
Is APP stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge APP's fair value.
Using relative valuations methods:
- APP may be overvalued based on its P/E ratio of 35.34x, relative to Software - Application industry P/E ratio of 30.75x
- APP could be overvalued based on its P/B ratio of 35.37x, relative to Software - Application industry P/B ratio of 6.4x
- APP could be overvalued based on its PEG ratio of 1.35x
You can access more valuation research on APP's stock here.
A quick look at APP Financials
Pros:
- There are more short-term assets than short-term liabilities on the APP balance sheet.
- APP profit margin has gone up from 0.7% to 20.9% in the past year.
- APP's operating cash flow of $1.39B allows it to safely service it's debt of $3.52B.
Cons:
- APP earnings of $1.18B is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the APP balance sheet.
- APP has a relatively high debt to equity ratio of 5.47.
Do analysts think it's a good time to buy APP stock
Out of 10 sell side analysts who give forecasts on APP, the consensus analyst rating on Applovin is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Latest APP Analyst Ratings
Jason Bazinet, a top 11% analyst from Citigroup maintains APP with a strong buy rating and raises their APP price target from $80.00 to $98.00, on May 10, 2024.
Citigroup's Jason Bazinet raised their price target on Applovin (NASDAQ: APP) by 22.5% from $80 to $98 on 2024/05/11. The analyst maintained their Strong Buy rating on the stock.
After reviewing Applovin's 2024/05/08-dated Q1 2024 earnings, Lampen posited that the multiple is still not a fair representation of the company's "robust" growth rate or profitability profile.
Earnings Report
For Q1 2024, Applovin reported:
- EPS of $0.67, which beat the Zacks Consensus Estimate of $0.57 and Q1 2023’s $(0.01).
- Revenue of $1.06B, which beat the Zacks Consensus Estimate by 9.03% and, by 47.9%, Q1 2023’s $715.41M.
- EBITDA of $549M, up 101% Y/Y.
- EBITDA margin of 52%.
For Q2 2024, management guided:
- Revenue of $1.06Bto $1.08B.
- EBITDA of $550M to $570M.
- EBITDA margin of 52% to 53%.
CEO Adam Foroughi commented: “As we approach the first anniversary of our AXON launch, we are just beginning to explore its full potential.
“We look forward to sharing our progress throughout the year, and we thank you for your continued support.”
Clark Lampen, a top 13% analyst from BTIG maintains APP with a strong buy rating and raises their APP price target from $87.00 to $100.00, on May 9, 2024.
David Pang, a top 22% analyst from Stifel Nicolaus maintains APP with a strong buy rating and raises their APP price target from $85.00 to $98.00, on May 9, 2024.
Eric Sheridan, a top 1% analyst from Goldman Sachs maintains APP with a strong buy rating and raises their APP price target from $73.00 to $100.00, on May 9, 2024.
Matthew Cost, a top 27% analyst from Morgan Stanley maintains APP with a hold rating and raises their APP price target from $55.00 to $70.00, on Apr 16, 2024.
You can dig deeper into what analysts are projecting on the Applovin stock forecast page.
APP Trading Indicators
How are APP Revenues/Earnings doing?
Last year, APP earnings were $825.34M. In the past one years, APP's earnings have increased by 4,780% per year. This was faster than the Software - Application industry average of 94.89%.
Last year, APP revenue was $3.96B. Over the past 3 year, APP's revenue has grown by 93.89% per year. This was faster than the Software - Application industry average of 27.13%.
Dive into APP's earnings and revenue performance here.
Are APP executives and large shareholders buying or selling the stock?
In the last year, insiders at APP have sold more shares than they have bought.
Vasily Shikin, Chief Technology Officer of APP, was the latest APP insider to sell. They sold $473,220.00 worth of APP shares on Sep 9, 2024.
Dig into more about who owns APP shares here.
Can I rely on APP as an income stream?
No, Applovin doesn't provide an income stream by paying out dividends.
What others are saying about APP
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your APP trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount, place a limit order.
Hit the Open button and your broker will execute the order.
If you require additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your APP investment
Now that you own some shares in APP, you'll want to stay up-to-date on your company.
Start a watchlist to get the latest updates about your APP stock.
APP Feed
How to Buy Stock in Applovin
To reiterate, here are the 6 steps to buy Applovin stock:
- Decide where to buy Applovin stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Research Applovin stock
- Place your APP trade
- Get the latest scoop on your APP investment
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to track your investment in Applovin, hit the button below to create your watchlist.
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