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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership

Ticker	Company	Country	Market Cap	Shares	Institutional %	Insider %	Net Insider (L12M)	Net Insider (L3M)
COMP	COMPASS INC	United States	$2.13B	494,492,172	56.40%	43.60%	Net Selling	Net Selling
PRO	PROS HOLDINGS INC	United States	$1.48B	47,004,361	46.62%	53.38%	Net Buying	Net Buying
MLNK	MERIDIANLINK INC	United States	$1.38B	76,708,674	52.90%	47.10%	Net Selling	Net Selling
VCSA	VACASA INC	United States	$93.43M	22,431,343	4.59%	95.41%	Net Selling
PRST	PRESTO AUTOMATION INC	United States	$17.37M	80,791,967	8.37%	68.69%	Net Buying
BCOV	BRIGHTCOVE INC	United States	$97.19M	44,582,481	63.54%	36.46%	Net Buying	Net Buying
IFBD	INFOBIRD CO LTD	China	$116.67k	31,876	5.46%	0.00%
RBT	RUBICON TECHNOLOGIES INC	United States	$13.85M	53,457,686	2.03%	97.97%	Net Buying	Net Selling
CXAI	CXAPP INC	United States	$46.68M	15,254,389	6.32%	66.03%	Net Selling
STER	STERLING CHECK CORP	United States	$1.51B	97,751,383	26.53%	73.47%	Net Selling	Net Selling
TGL	TREASURE GLOBAL INC	United States	$6.11M	1,304,699	0.15%	99.85%	Net Buying
LPSN	LIVEPERSON INC	United States	$64.95M	88,614,097	66.61%	24.17%	Net Buying	Net Buying
DATS	DATCHAT INC	United States	$4.09M	3,009,329	1.43%	91.94%
CYN	CYNGN INC	United States	$16.56M	141,542,715	6.79%	3.34%
FRGT	FREIGHT TECHNOLOGIES INC	United States	$1.53M	2,191,924	0.93%	0.00%
RTC	BAIJIAYUN GROUP LTD	China	$109.76M	96,277,046	0.08%	0.00%
NUKK	NUKKLEUS INC	China	$1.63M	1,814,696	4.74%	0.55%
RYDE	RYDE GROUP LTD	Singapore	$154.25M	19,113,443	0.17%	0.00%
RNG	RINGCENTRAL INC	United States	$3.40B	92,174,189	86.44%	10.79%	Net Selling	Net Selling
MSTR	MICROSTRATEGY INC	United States	$28.10B	17,737,431	53.31%	0.62%	Net Selling	Net Buying
KC	KINGSOFT CLOUD HOLDINGS LTD	China	$917.83M	3,805,284,801	0.72%	0.00%
ETWO	E2OPEN PARENT HOLDINGS INC	United States	$1.54B	306,526,294	66.74%	33.26%	Net Selling	Net Selling
EVBG	EVERBRIDGE INC	United States	$1.45B	41,616,027	87.06%	12.94%	Net Selling	Net Selling
LKCO	LUOKUNG TECHNOLOGY CORP	China	$10.13M	17,517,817	1.01%	0.00%
LYT	LYTUS TECHNOLOGIES HOLDINGS PTV LTD	India	$2.22M	694,477	0.25%	0.00%
SGN	SIGNING DAY SPORTS INC	United States	$4.63M	15,381,653	2.80%	21.30%	Net Buying
EZFL	EZFILL HOLDINGS INC	United States	$12.61M	4,812,192	0.21%	99.79%	Net Buying
MRT	MARTI TECHNOLOGIES INC	United States	$103.81M	57,036,094	2.63%	0.00%
XTIA	XTI AEROSPACE INC	United States	$15.57M	9,919,411	0.56%	99.44%	Net Selling	Net Selling
DBD	DIEBOLD NIXDORF INC	United States	$1.67B	37,566,668	82.51%	17.49%	Net Selling	Net Selling
ALIT	ALIGHT INC	United States	$4.52B	561,490,282	74.60%	25.40%	Net Selling	Net Selling
DHX	DHI GROUP INC	United States	$118.43M	48,340,121	25.27%	74.73%	Net Selling	Net Selling
IDAI	T STAMP INC	United States	$7.21M	10,599,812	1.84%	91.28%	Net Buying
GREE	GREENIDGE GENERATION HOLDINGS INC	United States	$24.23M	9,809,532	9.72%	28.72%	Net Buying	Net Selling
XELA	EXELA TECHNOLOGIES INC	United States	$16.23M	6,365,351	0.14%	99.86%	Net Buying	Net Buying
JTAI	JETAI INC	Cayman Islands	$8.55M	12,721,468	2.02%	9.00%	Net Selling
NVNI	NVNI GROUP LTD	Cayman Islands	N/A	31,617,370	0.35%	0.00%
AUUD	AUDDIA INC	United States	$3.91M	2,794,196	0.87%	99.13%	Net Selling
ISDR	ISSUER DIRECT CORP	United States	$38.14M	3,817,379	10.98%	89.02%	Net Buying	Net Buying
UPLD	UPLAND SOFTWARE INC	United States	$76.71M	27,592,899	44.90%	55.10%	Net Selling	Net Selling
ENV	ENVESTNET INC	United States	$3.74B	55,109,097	68.19%	31.81%	Net Buying	Net Buying
LDTC	LEDDARTECH HOLDINGS INC	Canada (Federal Level)	$64.16M	28,770,930	7.97%	0.00%
NATL	NCR ATLEOS CORP	United States	$2.06B	72,116,231	89.73%	0.63%	Net Buying	Net Selling
BNZI	BANZAI INTERNATIONAL INC	United States	$6.68M	21,633,594	6.21%	93.79%	Net Buying	Net Buying
BTDR	BITDEER TECHNOLOGIES GROUP	Singapore	$655.75M	114,843,000	4.29%	1.77%
RDZN	ROADZEN INC	United States	$234.07M	68,440,829	7.16%	81.31%	Net Buying
CAUD	COLLECTIVE AUDIENCE INC	United States	$6.71M	13,158,078	1.90%	55.39%	Net Selling	Net Selling
GETR	GETAROUND INC	United States	$18.81M	93,105,055	28.79%	36.18%

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. Agilysys (NASDAQ:AGYS)

Agilysys (NASDAQ:AGYS) is the top 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 45.92% over the past year, overperforming other app stocks by 12 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 0.06% from Agilysys's current stock price of $99.94.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts 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.

2. Doubleverify Holdings (NYSE:DV)

Doubleverify Holdings (NYSE:DV) is the second best app stock with a Zen Score of 62, which is 35 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Doubleverify Holdings has seen its stock lose -31.77% over the past year, underperforming other app stocks by -65 percentage points.

Doubleverify Holdings has an average 1 year price target of $35.06, an upside of 79.42% from Doubleverify Holdings's current stock price of $19.54.

Doubleverify Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Doubleverify Holdings, 58.82% have issued a Strong Buy rating, 35.29% have issued a Buy, 5.88% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Red Violet (NASDAQ:RDVT)

Red Violet (NASDAQ:RDVT) is the third best app stock with a Zen Score of 61, which is 34 points higher than the app industry average of 27. It passed 19 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock return 0.89% over the past year, underperforming other app stocks by -33 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 22.25% from Red Violet's current stock price of $20.45.

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.

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 2.38%. 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 4.36%, which is 2 percentage points higher than the app industry average of 2.38%. 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 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 4.21%, which is 2 percentage points higher than the app industry average of 2.38%. 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 1.44% in the last day, and up 5.82% over the last week. Mmtec was the among the top gainers in the software - application industry, gaining 16.64% yesterday.

Shares of US-listed Chinese stocks are trading higher after China unveiled measures to support the property sector.

What are the most undervalued app stocks?

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

1. Surgepays (NASDAQ:SURG)

Surgepays (NASDAQ:SURG) is the most undervalued app stock based on WallStreetZen's Valuation Score. Surgepays has a valuation score of 71, which is 55 points higher than the app industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Surgepays's stock has dropped -29.87% in the past year. It has underperformed other stocks in the app industry by -63 percentage points.

2. Red Violet (NASDAQ:RDVT)

Red Violet (NASDAQ:RDVT) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Red Violet has a valuation score of 71, which is 55 points higher than the app industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Red Violet's stock has gained 0.89% in the past year. It has underperformed other stocks in the app industry by -33 percentage points.

3. Karooooo (NASDAQ:KARO)

Karooooo (NASDAQ:KARO) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Karooooo has a valuation score of 71, which is 55 points higher than the app industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Karooooo's stock has gained 29.3% in the past year. It has underperformed other stocks in the app industry by -4 percentage points.

Are app stocks a good buy now?

43.18% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 12.97% 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 32.16x.

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.