ETF Managers Group LLC Increases AppLovin Co. Position by 69.3% in Q1
July 4, 2023
🌥️Trending News
APPLOVIN ($NASDAQ:APP): AppLovin Corporation is a mobile technology company that provides marketing automation and analytics solutions for mobile app developers. AppLovin works with developers to provide creative, efficient, and personalized mobile marketing strategies to help them reach their goals. The company’s mobile platform offers its services across a variety of channels, including user acquisition, app engagement, programmatic media buying, and analytics. ETF Managers Group LLC recently increased its stake in AppLovin Corporation by 69.3% in the first quarter, as disclosed in its most recent filing with the Securities and Exchange Commission.
AppLovin Corporation has experienced rapid growth over the past year due to its innovative solutions and cutting-edge technology. The company has established itself as an industry leader by providing comprehensive and personalized mobile marketing strategies to its customers. With the recent increase in ownership from ETF Managers Group LLC, AppLovin Corporation is sure to continue its success in the coming years.
Analysis
At GoodWhale, we analyzed APPLOVIN CORPORATION‘s financials in order to better understand the company. After our analysis, it appears that APPLOVIN CORPORATION is strong in growth, medium in profitability, and weak in asset and dividend. Additionally, our Star Chart showed that APPLOVIN CORPORATION has a high health score of 8/10, indicating that the company is able to pay off its debt and fund future operations. Our analysis also classified APPLOVIN CORPORATION as a ‘rhino’, meaning that the company has achieved moderate revenue or earnings growth. Given these characteristics, investors who are interested in companies that are growing moderately and have a good health score may be interested in investing in APPLOVIN CORPORATION. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Applovin Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 2.91k | -82.01 | -2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Applovin Corporation. More…
| Operations | Investing | Financing |
| 733.15 | -324.7 | -572.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Applovin Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.92k | 4.02k | 5.11 |
Key Ratios Snapshot
Some of the financial key ratios for Applovin Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 41.5% | – | 5.6% |
| FCF Margin | ROE | ROA |
| 25.0% | 5.4% | 1.7% |
Peers
Its competitors include NeoMedia Technologies Inc, Artificial Life Inc, and Kange Corp.
– NeoMedia Technologies Inc ($OTCPK:NEOM)
NeoMedia Technologies, Inc. is a global leader in barcode scanning solutions for mobile devices. Its innovative technology enables users to scan and decode barcodes with their camera-enabled mobile device, making it easy and convenient for them to access digital content and services. The company has a strong portfolio of patents and licenses that cover a wide range of barcode scanning technologies. NeoMedia is headquartered in Atlanta, Georgia, USA, with offices in Europe, Asia and South America.
– Artificial Life Inc ($OTCPK:ALIF)
Artificial Life Inc is a publicly traded company with a market capitalization of 4.14 million as of 2022. The company focuses on the development and commercialization of artificial intelligence technology. Artificial Life’s return on equity is 6.65%.
– Kange Corp ($OTCPK:KGNR)
Kange Corp is a publicly traded company with a market capitalization of 125.47M as of 2022. The company has a Return on Equity of 51.01%.
Kange Corp is engaged in the business of providing engineering, construction and project management services. The company’s services include the design and construction of power plants, transmission lines, pipelines and other infrastructure projects.
Summary
This increase in investments has been mirrored by other institutional investors, who have been attracted to AppLovin’s strong growth and positive financials. Analysts have noted that the mobile marketing and ad-tech company appears well positioned to capitalize on the growth in mobile app usage. Areas of particular interest have been AppLovin’s customer engagement solutions, which help drive sales and loyalty. With more companies looking to leverage mobile for their marketing strategies, AppLovin is well-placed to benefit from the current trend.
Related Posts
Recent Posts
