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Sectors & IndustriesTechnologySoftware - Application
Best App Stocks to Buy Now (2024)
Top app stocks in 2024 ranked by overall Zen Score. See the best app stocks to buy now, according to analyst forecasts for the software - application industry.

Industry: Software - Application
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
CWAN
CLEARWATER ANALYTICS HOLDINGS INC
United States
$4.34B245,716,78362.35%15.78%Net SellingNet Selling
SNOW
SNOWFLAKE INC
United States
$53.24B334,200,00060.12%39.88%Net SellingNet Selling
CALX
CALIX INC
United States
$1.94B65,525,04977.50%22.50%Net BuyingNet Buying
QH
QUHUO LTD
China
$3.53M61,676,2130.02%0.00%
API
AGORA INC
China
$238.80M368,808,7036.54%0.00%
BL
BLACKLINE INC
United States
$3.75B61,520,10856.51%43.49%Net SellingNet Selling
DAVE
DAVE INC
United States
$552.47M12,238,9506.04%93.96%Net SellingNet Selling
SSTI
SOUNDTHINKING INC
United States
$172.37M12,786,84060.59%32.51%Net SellingNet Selling
BILL
BILL HOLDINGS INC
United States
$5.95B105,134,87798.91%1.09%Net SellingNet Selling
ADEA
ADEIA INC
United States
$1.07B107,424,89492.48%7.52%Net SellingNet Selling
ML
MONEYLION INC
United States
$747.41M10,517,9985.90%94.10%Net SellingNet Selling
SMWB
SIMILARWEB LTD
Israel
$588.31M78,650,87834.75%0.00%
PCOR
PROCORE TECHNOLOGIES INC
United States
$9.97B146,324,61634.64%65.36%Net SellingNet Selling
VERX
VERTEX INC
United States
$4.52B154,334,58534.56%21.95%Net SellingNet Selling
VERB
VERB TECHNOLOGY COMPANY INC
United States
$11.74M79,300,7880.41%19.92%
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
China
$93.43M1,169,980,6530.13%0.00%
AMST
AMESITE INC
United States
$8.42M2,542,4400.87%99.13%Net Buying
BMBL
BUMBLE INC
United States
$1.83B180,762,50170.20%0.96%Net SellingNet Selling
PYCR
PAYCOR HCM INC
United States
$3.08B178,030,05427.24%72.76%Net SellingNet Selling
FSLY
FASTLY INC
United States
$1.16B136,600,00059.16%40.84%Net SellingNet Selling
ASAN
ASANA INC
United States
$3.53B224,807,58325.66%30.47%Net BuyingNet Selling
BMR
BEAMR IMAGING LTD
Israel
$75.05M13,051,3430.70%0.00%
LYFT
LYFT INC
United States
$6.88B399,806,63375.12%22.26%Net SellingNet Selling
WEAV
WEAVE COMMUNICATIONS INC
United States
$587.07M70,561,45334.18%65.82%Net SellingNet Selling
WRNT
WARRANTEE INC
Japan
$6.68M22,404,0000.46%0.00%
INST
INSTRUCTURE HOLDINGS INC
United States
$2.85B145,207,49752.65%47.35%Net SellingNet Selling
VS
VERSUS SYSTEMS INC
Canada
$3.48M2,506,0151.03%0.11%
SMSI
SMITH MICRO SOFTWARE INC
United States
$21.92M9,366,98825.87%74.13%Net SellingNet Selling
KLTR
KALTURA INC
United States
$177.64M143,258,12730.78%53.81%Net BuyingNet Selling
HUBS
HUBSPOT INC
United States
$30.42B50,674,49354.19%45.81%Net SellingNet Selling
SMAR
SMARTSHEET INC
United States
$5.30B137,424,12889.13%9.59%Net SellingNet Selling
WKME
WALKME LTD
Israel
$736.91M90,864,66267.72%0.00%
AZPN
ASPEN TECHNOLOGY INC
United States
$12.84B63,548,82144.84%55.16%Net SellingNet Selling
DSP
VIANT TECHNOLOGY INC
United States
$533.35M63,494,5918.17%91.83%Net SellingNet Selling
BSY
BENTLEY SYSTEMS INC
United States
$15.83B297,326,34538.96%40.98%Net SellingNet Selling
DAY
DAYFORCE INC
United States
$9.05B157,900,00077.84%22.16%Net SellingNet Selling
ANY
SPHERE 3D CORP
Canada
$18.15M17,796,3264.38%10.22%Net Selling
AMPL
AMPLITUDE INC
United States
$1.21B120,415,87246.89%48.24%Net SellingNet Selling
DUOT
DUOS TECHNOLOGIES GROUP INC
United States
$22.43M7,306,66312.96%87.04%Net BuyingNet Buying
PAR
PAR TECHNOLOGY CORP
United States
$1.25B28,039,52578.83%21.17%Net SellingNet Selling
ONTF
ON24 INC
United States
$275.47M41,674,05634.91%65.09%Net SellingNet Selling
PERF
PERFECT CORP
Taiwan
$221.42M101,848,67122.35%0.00%
ESTC
ELASTIC NV
Netherlands
$10.65B100,807,52353.93%46.07%Net SellingNet Selling
ASUR
ASURE SOFTWARE INC
United States
$181.72M25,813,06752.45%47.55%Net Buying
NTWK
NETSOL TECHNOLOGIES INC
United States
$29.05M11,390,88816.02%23.37%Net BuyingNet Selling
XPER
XPERI INC
United States
$476.80M44,271,26396.48%3.52%Net SellingNet Selling
DPSI
DECISIONPOINT SYSTEMS INC
United States
$76.88M7,680,3344.20%95.80%Net Buying
BLBX
BLACKBOXSTOCKS INC
United States
$9.07M3,226,1453.53%56.21%
BIGC
BIGCOMMERCE HOLDINGS INC
United States
$457.30M76,600,00067.81%32.19%Net SellingNet Selling
AWRE
AWARE INC
United States
$38.59M21,085,23416.79%83.21%Net BuyingNet Buying
SOPA
SOCIETY PASS INCORPORATED
United States
$5.01M2,517,4918.42%91.58%Net Buying
AEYE
AUDIOEYE INC
United States
$214.74M11,638,9417.27%86.55%Net BuyingNet Selling
RMNI
RIMINI STREET INC
United States
$230.55M90,410,00065.63%28.51%Net SellingNet Selling
BTDR
BITDEER TECHNOLOGIES GROUP
Singapore
$642.69M111,966,2984.90%1.82%
PSQH
PSQ HOLDINGS INC
United States
$113.43M28,287,25312.49%37.57%
FTFT
FUTURE FINTECH GROUP INC
China
$16.99M19,985,4100.05%99.95%Net Buying
UPBD
UPBOUND GROUP INC
United States
$1.68B54,629,44576.99%23.01%Net SellingNet Selling
HTCR
HEARTCORE ENTERPRISES INC
Japan
$18.17M20,864,1441.71%52.30%Net Selling
TYL
TYLER TECHNOLOGIES INC
United States
$19.91B42,455,26747.99%52.01%Net SellingNet Selling
GVP
GSE SYSTEMS INC
United States
$8.26M3,239,3553.27%96.73%Net SellingNet Buying
PD
PAGERDUTY INC
United States
$1.89B92,751,59069.53%30.47%Net SellingNet Selling
DHX
DHI GROUP INC
United States
$127.77M48,032,48725.09%74.91%Net SellingNet Selling
MAPS
WM TECHNOLOGY INC
United States
$185.22M149,367,49118.66%40.58%Net SellingNet Selling
COMP
COMPASS INC
United States
$1.66B491,284,42455.05%44.95%Net SellingNet Selling
GRND
GRINDR INC
United States
$1.80B175,058,5714.70%95.30%Net SellingNet Selling
CYN
CYNGN INC
United States
$8.48M82,287,12716.77%5.75%
IDAI
T STAMP INC
United States
$8.33M10,101,27913.17%86.83%Net Buying
CVLT
COMMVAULT SYSTEMS INC
United States
$4.69B43,661,62151.59%48.41%Net SellingNet Selling
ZENV
ZENVIA INC
Brazil
$85.44M41,884,4702.86%0.00%
OBLG
OBLONG INC
United States
$1.95M16,684,5710.61%99.39%Net Selling
ZETA
ZETA GLOBAL HOLDINGS CORP
United States
$2.80B218,416,78151.14%27.62%Net SellingNet Selling
BMTX
BM TECHNOLOGIES INC
United States
$20.03M12,063,77319.67%32.43%Net SellingNet Selling
BLND
BLEND LABS INC
United States
$584.75M252,047,72245.75%16.36%Net SellingNet Selling
SOUN
SOUNDHOUND AI INC
United States
$1.39B309,114,76019.28%9.30%Net SellingNet Selling
WALD
WALDENCAST PLC
United States
$1.13B223,305,26711.01%0.00%
CREX
CREATIVE REALITIES INC
United States
$35.00M10,446,6591.84%98.16%Net Buying
MITK
MITEK SYSTEMS INC
United States
$626.06M46,790,61166.01%33.99%Net Buying
MNY
MONEYHERO LTD
Singapore
$73.60M38,535,5052.77%12.98%
JAMF
JAMF HOLDING CORP
United States
$2.57B127,046,56423.81%76.19%Net SellingNet Selling
DOMO
DOMO INC
United States
$283.33M38,031,21061.09%10.30%Net BuyingNet Selling
SPT
SPROUT SOCIAL INC
United States
$1.63B56,538,01059.10%40.90%Net SellingNet Selling
EVBG
EVERBRIDGE INC
United States
$1.44B41,320,52587.18%12.82%Net SellingNet Selling
VCSA
VACASA INC
United States
$171.25M22,385,3323.90%96.10%Net SellingNet Selling
OLB
OLB GROUP INC
United States
$8.50M18,092,8833.26%40.39%Net Buying
AIXI
XIAO-I CORP
China
$86.46M24,015,5920.19%0.00%
RSSS
RESEARCH SOLUTIONS INC
United States
$93.95M32,620,50727.05%72.95%Net SellingNet Selling
BLKB
BLACKBAUD INC
United States
$4.03B51,626,07680.90%19.10%Net SellingNet Selling
NXTT
NEXT TECHNOLOGY HOLDING INC
China
$12.55M2,625,1300.25%99.75%
LPSN
LIVEPERSON INC
United States
$50.66M88,111,01574.75%24.31%Net BuyingNet Buying
EGHT
8X8 INC
United States
$275.23M123,421,41780.19%19.81%Net SellingNet Selling
QTWO
Q2 HOLDINGS INC
United States
$3.63B60,099,51260.63%39.37%Net SellingNet Selling
ELWS
EARLYWORKS CO LTD
Japan
$9.57M15,039,4000.11%0.00%
BNAI
BRAND ENGAGEMENT NETWORK INC
United States
$53.28M33,296,9955.88%54.17%Net BuyingNet Buying
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
Cayman Islands
N/A34,000,0000.00%0.00%
DATS
DATCHAT INC
United States
$3.64M3,009,3290.64%91.94%
PWSC
POWERSCHOOL HOLDINGS INC
United States
$3.36B202,593,35548.27%51.73%Net SellingNet Selling
AHI
ADVANCED HEALTH INTELLIGENCE LTD
Australia
$11.76M217,703,9690.00%0.00%
GWRE
GUIDEWIRE SOFTWARE INC
United States
$9.44B83,322,11070.98%29.02%Net SellingNet Selling
XTKG
X3 HOLDINGS CO LTD
China
$199.98M259,708,0710.01%0.00%
PRCH
PORCH GROUP INC
United States
$335.73M97,596,49049.11%48.83%Net BuyingNet Selling

App Stocks FAQ

What are the best app stocks to buy right now in May 2024?

According to Zen Score, the 3 best software stocks to buy right now are:

1. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) is the top app stock with a Zen Score of 68, which is 41 points higher than the app industry average of 27. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 43.99% over the past year, overperforming other app stocks by 16 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -32.36% from Full Truck Alliance Co's current stock price of $8.87.

Full Truck Alliance Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Full Truck Alliance Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the second best app stock with a Zen Score of 66, which is 39 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock return 5.51% over the past year, underperforming other app stocks by -23 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 41.8% from Red Violet's current stock price of $17.63.

Red Violet stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Red Violet, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third best app stock with a Zen Score of 64, which is 37 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock return 2.8% over the past year, underperforming other app stocks by -25 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 26.25% from Agilysys's current stock price of $79.21.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Agilysys, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the app stocks with highest dividends?

Out of 17 app stocks that have issued dividends in the past year, the 3 app stocks with the highest dividend yields are:

1. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) has an annual dividend yield of 12.73%, which is 10 percentage points higher than the app industry average of 2.43%. Mind Cti's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Mind Cti's dividend has not shown consistent growth over the last 10 years.

Mind Cti's dividend payout ratio of 92.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Upbound Group (NASDAQ:UPBD)


Upbound Group (NASDAQ:UPBD) has an annual dividend yield of 4.61%, which is 2 percentage points higher than the app industry average of 2.43%. Upbound Group's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Upbound Group's dividend has shown consistent growth over the last 10 years.

Upbound Group's dividend payout ratio of -322.7% indicates that its high dividend yield might not be sustainable for the long-term.

3. American Software (NASDAQ:AMSWA)


American Software (NASDAQ:AMSWA) has an annual dividend yield of 4.34%, which is 2 percentage points higher than the app industry average of 2.43%. American Software's dividend payout is stable, having never dropped by more than 10% in the last 10 years. American Software's dividend has shown consistent growth over the last 10 years.

American Software's dividend payout ratio of 122.2% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks up?

App stocks were up 1.73% in the last day, and down -0.49% over the last week. Upland Software was the among the top gainers in the software - application industry, gaining 28.22% yesterday.

UPLD shares are trading higher after the company reported better-than-expected Q1 financial results.

What are the most undervalued app stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued app stocks right now are:

1. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the most undervalued app stock based on WallStreetZen's Valuation Score. Mind Cti has a valuation score of 71, which is 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -3.83% in the past year. It has underperformed other stocks in the app industry by -32 percentage points.

2. Adeia (NASDAQ:ADEA)


Adeia (NASDAQ:ADEA) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Adeia has a valuation score of 71, which is 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Adeia's stock has gained 36.59% in the past year. It has overperformed other stocks in the app industry by 8 percentage points.

3. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Red Violet has a valuation score of 71, which is 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Red Violet's stock has gained 5.51% in the past year. It has underperformed other stocks in the app industry by -23 percentage points.

Are app stocks a good buy now?

44.25% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 20.14% over the next year.

What is the average p/e ratio of the software - application industry?

The average P/E ratio of the software - application industry is 90.91x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.