Sectors & Industries TechnologySoftware - 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

Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Price	Graham Fair Value	Graham Fair Value %	P/E	Forward P/E	P/S	P/B	PEG	Free Cash Flow	Free Cash Flow Yield	Book Value	BVPS	EV	EV/EBITDA
YMM	FULL TRUCK ALLIANCE CO LTD	$8.52	$29.42	-71.04%	30.76x	N/A	7.71x	1.82x	0.11x	$300.24M	3.33%	$4.92B	4.67	$8.04B	24.14
RDVT	RED VIOLET INC	$17.01	$89.59	-81.01%	17.54x	N/A	3.95x	2.76x	0.07x	$5.93M	2.49%	$86.11M	6.16	$208.06M	19.17
AGYS	AGILYSYS INC	$82.70	$591.33	-86.01%	24.83x	N/A	9.36x	9.82x	0.05x	$23.88M	1.12%	$230.27M	8.92	$2.17B	86.29
DV	DOUBLEVERIFY HOLDINGS INC	$29.72	$7.05	321.65%	69.12x	63.23x	8.71x	4.74x	2.22x	$102.73M	2.06%	$1.07B	6.40	$4.87B	33.66
YALA	YALLA GROUP LTD	$4.76	$10.75	-55.72%	6.43x	N/A	2.38x	1.33x	0.25x	$137.69M	18.17%	$567.68M	3.56	$444.46M	3.60
ZI	ZOOMINFO TECHNOLOGIES INC	$16.36	$10.39	57.43%	60.59x	19.48x	5.01x	2.93x	0.64x	$408.40M	6.58%	$2.12B	5.58	$7.10B	13.79
SSNC	SS&C TECHNOLOGIES HOLDINGS INC	$61.22	$61.38	-0.26%	23.64x	12.86x	2.71x	2.35x	0.45x	$890.00M	5.89%	$6.43B	26.05	$21.56B	10.51
SPNS	SAPIENS INTERNATIONAL CORP N V	$30.66	$14.65	109.28%	27.13x	21.44x	3.32x	3.82x	1.27x	$70.38M	4.12%	$447.27M	8.03	$1.67B	16.71
KARO	KAROOOOO LTD	$28.53	$24.89	14.64%	25.20x	15.18x	4.21x	6.22x	0.53x	$41.57M	4.71%	$141.89M	4.58	$855.35M	N/A
ADSK	AUTODESK INC	$210.71	$73.01	188.59%	49.12x	33.88x	8.43x	30.41x	1.49x	$1.76B	3.91%	$1.48B	6.93	$46.20B	37.59
AMSWA	AMERICAN SOFTWARE INC	$10.05	$3.12	221.93%	27.92x	N/A	3.03x	2.55x	3.07x	$18.75M	5.60%	$131.09M	3.94	$278.01M	14.85
ZM	ZOOM VIDEO COMMUNICATIONS INC	$61.61	N/A	N/A	29.06x	36.03x	4.09x	2.36x	N/A	$1.47B	7.94%	$8.02B	26.67	$17.44B	18.21
TTD	TRADE DESK INC	$85.41	$7.59	1,025.53%	230.84x	133.45x	21.47x	19.30x	5.38x	$543.30M	1.30%	$2.16B	4.42	$41.10B	124.98
APPF	APPFOLIO INC	$230.11	$28.28	713.54%	107.53x	N/A	12.36x	24.57x	4.87x	$87.21M	1.05%	$339.20M	9.40	$8.31B	86.10
APP	APPLOVIN CORP	$69.74	$13.60	412.75%	69.05x	37.70x	7.48x	18.98x	3.03x	$1.06B	4.31%	$1.26B	3.57	$26.53B	23.16
DDOG	DATADOG INC	$126.42	$5.29	2,291.18%	842.80x	4,214.00x	19.25x	20.72x	9.91x	$597.55M	1.46%	$2.03B	6.25	$42.53B	309.55
NOW	SERVICENOW INC	$685.61	$102.89	566.34%	80.85x	164.41x	15.60x	18.43x	4.26x	$2.70B	1.93%	$7.63B	37.37	$140.94B	89.77
DT	DYNATRACE INC	$45.58	$18.67	144.08%	68.03x	N/A	9.85x	7.05x	1.06x	$339.63M	2.53%	$1.91B	6.49	$12.78B	72.93
UBER	UBER TECHNOLOGIES INC	$67.79	$18.82	260.25%	72.89x	144.23x	3.70x	12.51x	1.73x	$3.36B	2.44%	$11.25B	5.53	$144.96B	40.77
SHOP	SHOPIFY INC	$70.40	$4.41	1,496.59%	704.00x	-541.54x	12.78x	9.99x	6.38x	$905.00M	1.00%	$9.07B	7.07	$90.31B	354.16
SRAD	SPORTRADAR GROUP AG	$9.26	$4.41	110.21%	71.23x	30.87x	2.89x	2.92x	0.88x	$265.23M	9.60%	$943.25M	3.16	$2.51B	7.78
PUBM	PUBMATIC INC	$22.78	$9.75	133.57%	134.00x	22.33x	4.42x	3.85x	0.90x	$52.83M	4.48%	$296.20M	5.72	$1.08B	17.63
WDAY	WORKDAY INC	$244.96	N/A	N/A	46.39x	220.68x	8.82x	8.00x	N/A	$1.91B	2.98%	$8.08B	30.93	$65.95B	89.85
IMMR	IMMERSION CORP	$7.18	N/A	N/A	6.84x	N/A	6.82x	1.24x	N/A	$20.60M	8.90%	$183.10M	5.68	$171.54M	3.96
HKD	AMTD DIGITAL INC	$3.64	$7.52	-51.61%	11.17x	N/A	25.10x	1.36x	0.22x	N/A	N/A	$510.63M	2.67	$626.67M	N/A
NICE	NICE LTD	$220.94	$76.42	189.13%	41.53x	31.43x	5.91x	4.16x	1.64x	$477.25M	3.40%	$3.34B	52.54	$14.16B	23.50
MNDO	MIND CTI LTD	$1.90	N/A	N/A	7.31x	N/A	1.77x	1.56x	N/A	$4.04M	10.53%	$24.49M	1.22	$35.92M	6.28
INTU	INTUIT INC	$615.20	$91.35	573.45%	62.27x	57.33x	11.41x	10.19x	5.80x	$4.68B	2.71%	$16.91B	60.39	$177.19B	39.72
EGAN	EGAIN CORP	$6.24	$2.84	119.81%	27.13x	N/A	2.03x	2.92x	1.39x	$12.14M	6.23%	$66.79M	2.14	$109.92M	10.94
TSRI	TSR INC	$7.65	N/A	N/A	8.59x	N/A	0.19x	0.94x	N/A	$2.18M	13.25%	$17.69M	8.22	$6.61M	2.38
DSGX	DESCARTES SYSTEMS GROUP INC	$94.85	$16.87	462.26%	69.74x	N/A	14.08x	6.52x	3.53x	$202.12M	2.51%	$1.24B	14.55	$7.75B	35.49
SURG	SURGEPAYS INC	$3.69	N/A	N/A	2.54x	N/A	0.38x	2.52x	N/A	$10.01M	19.02%	$28.25M	1.98	$62.01M	3.09
DCBO	DOCEBO INC	$45.09	$4.03	1,019.25%	501.00x	204.95x	8.11x	26.94x	4.47x	$15.33M	1.04%	$50.72M	1.56	$1.30B	-1,728.82
LSPD	LIGHTSPEED COMMERCE INC	$13.21	N/A	N/A	-9.79x	-14.36x	2.36x	0.83x	N/A	-$126.16M	-6.19%	$2.44B	15.80	$1.30B	-9.71
ANSS	ANSYS INC	$321.48	$102.28	214.31%	64.30x	40.49x	12.57x	5.19x	1.50x	$710.20M	2.54%	$5.41B	62.13	$27.86B	38.66
PCTY	PAYLOCITY HOLDING CORP	$149.24	N/A	N/A	49.75x	56.75x	6.50x	8.52x	N/A	$265.04M	3.16%	$986.77M	17.55	$8.09B	27.09
PAYC	PAYCOM SOFTWARE INC	$186.24	$69.00	169.92%	31.51x	26.05x	6.35x	8.23x	1.78x	$292.57M	2.72%	$1.30B	22.58	$10.42B	17.72
PLUS	EPLUS INC	$75.92	$47.36	60.31%	15.98x	N/A	0.93x	2.33x	1.25x	$264.57M	13.09%	$877.75M	32.98	$1.90B	9.50
CDNS	CADENCE DESIGN SYSTEMS INC	$274.55	$43.17	535.96%	70.76x	90.61x	18.15x	20.94x	4.39x	$1.21B	1.63%	$3.57B	13.23	$74.35B	51.01
ALRM	ALARMCOM HOLDINGS INC	$66.90	$21.16	216.20%	41.04x	N/A	3.78x	4.85x	1.92x	$121.79M	3.65%	$688.55M	13.82	$3.17B	21.89
VTEX	VTEX	$7.41	N/A	N/A	-101.51x	370.50x	6.77x	5.67x	N/A	$3.71M	0.27%	$240.29M	1.31	$1.34B	35.44
ALKT	ALKAMI TECHNOLOGY INC	$24.40	N/A	N/A	-36.42x	N/A	8.67x	7.27x	N/A	-$23.79M	-1.04%	$324.94M	3.45	$2.34B	-52.15
OTEX	OPEN TEXT CORP	$35.35	$41.77	-15.36%	75.21x	10.52x	1.69x	2.39x	0.32x	$711.78M	7.41%	$4.03B	14.84	$17.46B	11.39
ROP	ROPER TECHNOLOGIES INC	$514.76	$139.97	267.77%	39.66x	30.03x	8.88x	3.16x	2.62x	$1.93B	3.51%	$17.44B	163.65	$61.21B	31.24
MTLS	MATERIALISE NV	$5.36	$1.30	312.90%	41.55x	11.65x	1.10x	1.23x	3.18x	$11.49M	3.64%	$258.10M	4.37	$242.18M	6.99
PRGS	PROGRESS SOFTWARE CORP	$50.11	$12.67	295.51%	31.52x	N/A	3.07x	4.69x	4.45x	$192.16M	8.75%	$461.74M	10.54	$2.74B	21.52
YOU	CLEAR SECURE INC	$17.54	$7.50	133.85%	56.58x	30.24x	2.59x	11.32x	1.06x	$199.48M	12.55%	$233.33M	2.58	$2.58B	92.34
NCNO	NCINO INC	$30.02	N/A	N/A	-79.00x	-76.97x	7.10x	3.27x	N/A	$53.81M	1.59%	$1.05B	9.31	$3.39B	257.34
TRAK	REPOSITRAK INC	$15.58	$2.24	594.07%	53.72x	N/A	14.28x	6.20x	8.35x	$7.37M	2.61%	$45.74M	2.52	$261.04M	34.35
CXM	SPRINKLR INC	$11.94	N/A	N/A	62.84x	N/A	4.40x	4.80x	N/A	$51.14M	1.58%	$679.70M	2.52	$3.13B	37.13
MTC	MMTEC INC	$3.03	N/A	N/A	6.45x	N/A	378.75x	4.93x	N/A	-$5.14M	-1.62%	$122.36M	1.16	$634.81M	12.66
AI	C3AI INC	$22.69	N/A	N/A	-9.74x	-18.75x	9.22x	3.08x	N/A	-$92.87M	-3.40%	$898.00M	7.45	$2.65B	-10.35
IDN	INTELLICHECK INC	$3.25	N/A	N/A	-32.50x	N/A	3.31x	3.65x	N/A	-$740.00k	-1.17%	$17.28M	0.90	$59.08M	-29.63
HKIT	HITEK GLOBAL INC	$1.56	N/A	N/A	19.50x	N/A	4.53x	0.79x	N/A	-$737.88k	-3.59%	$28.34M	2.14	$15.75M	8.03
DUOL	DUOLINGO INC	$223.03	N/A	N/A	571.87x	-121.87x	18.01x	14.59x	N/A	$140.03M	1.46%	$655.50M	15.29	$8.83B	355.15
MANH	MANHATTAN ASSOCIATES INC	$207.77	$28.54	627.89%	67.02x	N/A	13.31x	53.39x	6.31x	$235.86M	1.84%	$239.61M	3.89	$12.64B	54.75
CCRD	CORECARD CORP	$12.10	N/A	N/A	30.25x	N/A	1.83x	1.90x	N/A	$11.57M	11.30%	$52.70M	6.23	$74.58M	6.94
MNDY	MONDAYCOM LTD	$189.95	N/A	N/A	-4,748.75x	N/A	12.59x	11.42x	N/A	$204.95M	2.23%	$813.51M	16.82	$8.24B	-278.67
FROG	JFROG LTD	$39.48	N/A	N/A	-66.92x	-131.60x	11.66x	6.18x	N/A	$72.17M	1.77%	$679.12M	6.57	$4.13B	-134.43
NXPL	NEXTPLAT CORP	$1.30	N/A	N/A	-5.91x	N/A	0.60x	0.76x	N/A	-$4.24M	-18.69%	$32.18M	1.84	$1.00M	-0.88
FRGE	FORGE GLOBAL HOLDINGS INC	$1.91	N/A	N/A	-3.67x	N/A	4.74x	1.30x	N/A	-$41.98M	-12.67%	$263.51M	1.52	$207.88M	-2.43
WFCF	WHERE FOOD COMES FROM INC	$12.38	$4.79	158.67%	31.74x	N/A	2.70x	6.28x	1.64x	$2.67M	3.94%	$10.82M	1.97	$68.09M	18.38
VMEO	VIMEO INC	$3.63	N/A	N/A	27.92x	-9.81x	1.46x	1.60x	N/A	$38.32M	6.28%	$382.23M	2.28	$308.63M	8.77
SAP	SAP SE	$180.07	N/A	N/A	40.45x	44.13x	6.14x	4.54x	N/A	$6.56B	3.12%	$46.32B	39.69	$210.47B	36.11
PET	WAG! GROUP CO	$2.22	N/A	N/A	-6.34x	N/A	1.02x	54.47x	N/A	-$6.83M	-8.02%	$1.65M	0.04	$99.95M	-26.29
SYT	SYLA TECHNOLOGIES CO LTD	$3.27	$2.15	52.09%	21.95x	N/A	0.54x	1.57x	0.86x	N/A	N/A	$53.88M	2.16	$208.86M	N/A
SEZL	SEZZLE INC	$49.65	N/A	N/A	39.09x	N/A	1.75x	12.66x	N/A	-$27.06M	-9.72%	$22.09M	3.94	$304.74M	12.42
RUM	RUMBLE INC	$6.70	N/A	N/A	-11.55x	N/A	16.67x	10.28x	N/A	-$107.48M	-7.97%	$251.62M	1.25	$2.37B	-20.78
LAW	CS DISCO INC	$7.62	N/A	N/A	-10.89x	-8.96x	3.32x	2.32x	N/A	-$30.39M	-6.63%	$200.34M	3.33	$314.90M	-8.82
GRAB	GRAB HOLDINGS LTD	$3.49	N/A	N/A	-31.73x	-69.80x	5.82x	2.13x	N/A	$88.00M	0.63%	$6.45B	1.64	$11.38B	-34.50
BRZE	BRAZE INC	$40.44	N/A	N/A	-30.64x	N/A	8.41x	9.18x	N/A	-$6.49M	-0.16%	$444.23M	4.53	$4.10B	-34.07
SMRT	SMARTRENT INC	$2.34	N/A	N/A	-13.76x	18.00x	1.98x	1.39x	N/A	$2.21M	0.47%	$342.45M	1.71	$261.34M	-7.13
MTTR	MATTERPORT INC	$4.51	N/A	N/A	-6.83x	-7.39x	8.59x	2.65x	N/A	-$68.62M	-5.06%	$529.28M	1.76	$1.32B	-7.35
RSKD	RISKIFIED LTD	$5.17	N/A	N/A	-15.67x	N/A	3.07x	1.88x	N/A	$5.92M	0.66%	$491.72M	2.78	$513.59M	-7.75
ENFN	ENFUSION INC	$9.51	N/A	N/A	135.86x	-190.20x	4.81x	22.69x	N/A	$15.96M	1.90%	$53.67M	0.61	$1.20B	51.00
DJCO	DAILY JOURNAL CORP	$353.60	$99.29	256.14%	29.99x	N/A	6.82x	2.29x	3.58x	$11.47M	2.36%	$213.08M	154.74	$541.60M	21.85
SEMR	SEMRUSH HOLDINGS INC	$12.40	N/A	N/A	1,240.00x	-413.33x	5.75x	8.18x	N/A	$335.00k	0.02%	$219.15M	1.54	$1.75B	113.71
PEGA	PEGASYSTEMS INC	$60.61	N/A	N/A	65.17x	N/A	3.55x	13.21x	N/A	$323.93M	6.34%	$390.19M	4.63	$5.43B	44.92
CRM	SALESFORCE INC	$268.69	N/A	N/A	63.22x	66.02x	7.51x	4.37x	N/A	$9.50B	3.63%	$59.65B	61.24	$264.75B	29.72
FRSH	FRESHWORKS INC	$18.25	N/A	N/A	-44.51x	-31.47x	8.72x	5.06x	N/A	$107.54M	1.98%	$1.08B	3.62	$5.01B	-59.19
TEAM	ATLASSIAN CORP	$172.77	N/A	N/A	-274.24x	-375.59x	10.77x	39.65x	N/A	$1.27B	2.84%	$1.13B	4.37	$44.27B	1,521.28
OLO	OLO INC	$4.92	N/A	N/A	-13.67x	-20.50x	3.51x	1.22x	N/A	-$19.67M	-2.46%	$651.47M	4.00	$535.14M	-11.94
INLX	INTELLINETICS INC	$7.24	N/A	N/A	55.69x	N/A	1.75x	3.05x	N/A	$236.58k	0.80%	$9.75M	2.39	$34.22M	16.11
RDDT	REDDIT INC	$45.88	N/A	N/A	-29.79x	N/A	3.37x	N/A	N/A	-$84.84M	-3.13%	-$412.92M	-6.98	N/A	N/A
PALT	PALTALK INC	$3.43	N/A	N/A	-28.58x	N/A	2.88x	1.57x	N/A	-$1.08M	-3.41%	$20.13M	2.18	$18.14M	-22.05
ULY	URGENTLY INC	$1.67	N/A	N/A	0.06x	N/A	0.12x	2.33x	N/A	-$65.29M	-291.50%	$9.60M	0.72	$56.17M	0.46
TROO	TROOPS INC	$1.28	N/A	N/A	-64.00x	N/A	36.57x	2.15x	N/A	-$6.76M	-5.23%	$60.58M	0.60	$126.94M	397.92
API	AGORA INC	$2.52	N/A	N/A	-2.86x	-4.94x	1.77x	0.38x	N/A	-$25.24M	-10.04%	$604.75M	6.07	$210.66M	-2.80
PCOR	PROCORE TECHNOLOGIES INC	$68.24	N/A	N/A	-50.93x	-53.31x	10.20x	8.56x	N/A	$47.01M	0.49%	$1.16B	8.14	$9.61B	-94.49
PDFS	PDF SOLUTIONS INC	$30.06	N/A	N/A	375.75x	N/A	6.89x	5.07x	N/A	$3.38M	0.30%	$228.95M	6.02	$1.07B	79.59
MKTW	MARKETWISE INC	$1.61	$2.45	-34.25%	26.83x	6.71x	0.11x	-47.88x	0.27x	$60.70M	118.88%	-$11.08M	-0.35	$381.18M	82.20
KVYO	KLAVIYO INC	$22.60	N/A	N/A	-17.80x	N/A	7.86x	6.45x	N/A	$110.01M	2.00%	$914.78M	3.77	$5.22B	-18.60
FICO	FAIR ISAAC CORP	$1,140.73	$269.06	323.98%	58.92x	N/A	17.65x	-38.32x	2.45x	$467.18M	1.65%	-$735.66M	-29.64	$30.12B	41.42
GTLB	GITLAB INC	$53.36	N/A	N/A	-19.40x	N/A	14.20x	14.80x	N/A	$33.44M	0.41%	$571.17M	3.70	$8.16B	-53.16
PTC	PTC INC	$174.96	$45.20	287.12%	87.48x	37.87x	9.55x	7.45x	1.79x	$598.08M	2.87%	$2.81B	23.56	$23.10B	37.09
SWVL	SWVL HOLDINGS CORP	$11.45	N/A	N/A	25.44x	N/A	3.40x	8.68x	N/A	-$9.12M	-11.73%	$8.95M	1.32	$76.50M	19.63
NRDY	NERDY INC	$2.56	N/A	N/A	-6.24x	-3.61x	1.29x	8.47x	N/A	-$14.45M	-5.82%	$52.48M	0.54	$369.89M	-10.09
DOCU	DOCUSIGN INC	$57.30	N/A	N/A	159.17x	179.06x	4.23x	10.42x	N/A	$887.14M	7.59%	$1.13B	5.54	$11.12B	51.25
MYSZ	MY SIZE INC	$4.11	N/A	N/A	-0.21x	0.69x	0.19x	0.55x	N/A	-$6.11M	-466.47%	$4.74M	14.85	$1.05M	-0.16
INTA	INTAPP INC	$31.15	N/A	N/A	-38.94x	-30.84x	5.60x	6.06x	N/A	$29.64M	1.35%	$371.66M	5.27	$2.10B	-60.85

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 31.08% over the past year, overperforming other app stocks by 10 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -29.58% from Full Truck Alliance Co's current stock price of $8.52.

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 1.49% over the past year, underperforming other app stocks by -19 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 46.97% from Red Violet's current stock price of $17.01.

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 4.79% over the past year, underperforming other app stocks by -16 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 20.92% from Agilysys's current stock price of $82.70.

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 12.63%, which is 10 percentage points higher than the app industry average of 2.35%. 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 4.49%, which is 2 percentage points higher than the app industry average of 2.35%. 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 -1,544.4% indicates that its 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 3.28%, which is 1 percentage points higher than the app industry average of 2.35%. 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 down?

App stocks were down -0.25% in the last day, and down -3.79% over the last week. Viant Technology was the among the top losers in the software - application industry, dropping -7.51% yesterday.

Viant Technology shares are trading higher after the company announced better-than-expected Q1 results and authorized a repurchase program.

What are the most undervalued app stocks?

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

1. Adeia (NASDAQ:ADEA)

Adeia (NASDAQ:ADEA) is the 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 28.27% in the past year. It has overperformed other stocks in the app industry by 8 percentage points.

2. Mind Cti (NASDAQ:MNDO)

Mind Cti (NASDAQ:MNDO) is the second 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 -1.55% in the past year. It has underperformed other stocks in the app industry by -22 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 1.49% in the past year. It has underperformed other stocks in the app industry by -19 percentage points.

Are app stocks a good buy now?

44.51% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 24.31% 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 85.72x.

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.