AppLovin resumed with a Buy at Citi » 16:0312/0812/08/21
Citi analyst Jason…
Citi analyst Jason Bazinet resumed coverage of AppLovin with a Buy rating and $112 price target. The analyst says he likes the shares given the company's "strong growth prospects relative to its peers." He believes the Street will "ultimately pivot" from a sum-of-the-parts valuation to a levered free cash flow multiple.
Largest borrow rate increases among liquid names » 08:4512/0612/06/21
BYSI, ATNF, DOLE, ARVL, SDS, ATHX, APP, NAK, LABD
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: BeyondSpring (BYSI) 27.89% +1.41, Direxion Daily China Bear 3X Shares (YANG) 30.44% +0.58, 180 Life Sciences (ATNF) 8.35% +0.38, Dole plc (DOLE) 1.62% +0.30, Arrival (ARVL) 2.04% +0.28, ProShares UltraShort S&P 500 (SDS) 2.26% +0.26, Athersys (ATHX) 3.18% +0.25, Applovin (APP) 0.80% +0.23, Northern Dynasty (NAK) 7.16% +0.23, and Direxion S&P Biotech Bear 3X (LABD) 15.02% +0.22.
AppLovin 6.5M share Spot Secondary priced at $83.00 » 08:3312/0312/03/21
The deal range was…
The deal range was $83.00-$85.00. JPMorgan, BofA, Citi and Morgan Stanley acted as joint book running managers for the offering.
|Over a week ago|
AppLovin 6.5M share Spot Secondary; price range $83.00-$85.00 » 16:2812/0212/02/21
JPMorgan, BofA, Citi and…
JPMorgan, BofA, Citi and Morgan Stanley are acting as joint book running managers for the offering.
AppLovin announces launch of 6.5M shares of Class A common stock » 16:1512/0212/02/21
AppLovin Corporation announced that certain of AppLovin's stockholders, including KKR Denali Holdings, intend to offer for sale in an underwritten secondary offering 6.5M shares of the company's Class A common stock. J.P. Morgan, BofA Securities, Citigroup and Morgan Stanley will act as lead book-running managers for the offering. Credit Suisse, UBS Investment Bank and Goldman Sachs will act as additional book-running managers for the offering. Oppenheimer & Co., Stifel, William Blair, LionTree, LUMA Securities, The Raine Group, Blaylock Van, Guzman & Company, Roberts & Ryan and R. Seelaus & Co. will act as co-managers for the offering.
AppLovin files to sell $100M of Class A common stock for holders » 06:1311/2611/26/21
J.P. Morgan, BofA…
J.P. Morgan, BofA Securities, and Citigroup are managing the offering.
Fly Intel: Top five analyst initiations » 09:5111/1811/18/21
APP, CRWD, FISV, SEAT, SMG
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. AppLovin (APP) initiated with a Sell at Arete. 2. Crowdstrike (CRWD) initiated with a Buy at DA Davidson. 3. Fiserv (FISV) initiated with a Neutral at UBS. 4. Vivid Seats (SEAT) initiated with an Outperform at Raymond James. 5. Scotts Miracle-Gro (SMG) initiated with an Overweight at Barclays. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
AppLovin initiated with a Sell at Arete » 05:1511/1811/18/21
Arete initiated coverage…
Arete initiated coverage of AppLovin with a Sell rating and $82 price target.
AppLovin price target raised to $125 from $110 at Stifel » 07:5911/1211/12/21
Stifel analyst David Pang…
Stifel analyst David Pang raised the firm's price target on AppLovin to $125 from $110 and keeps a Buy rating on the shares. While Q3 results were only "slightly better than expected," underlying trends for the software platform business continued to gain momentum, making intermediate term targets for the segment "very achievable," Pang tells investors. He has increased estimates following the report, which reaffirmed his positive outlook for the software business.
AppLovin price target raised to $110 from $100 at Truist » 08:4711/1111/11/21
Truist analyst Youssef…
Truist analyst Youssef Squali raised the firm's price target on AppLovin to $110 from $100 and keeps a Buy rating on the shares after its "better" Q3 results, with "strong momentum" also continuing into Q4. Squali adds that he is incrementally bullish on AppLovin's growth prospects into the second half from Adjust, the planned rollout of several "evergreen" titles, and the pending MoPub acquisition.