AppFolio, Inc. (NASDAQ:APPF) Given Consensus Rating of “Moderate Buy” by Analysts

AppFolio, Inc. (NASDAQ:APPF) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $277.75.

Several equities research analysts recently weighed in on the company. Stephens reissued an “overweight” rating and issued a $241.00 price objective on shares of AppFolio in a report on Friday, April 26th. Piper Sandler lifted their price objective on AppFolio from $295.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. KeyCorp lifted their price objective on AppFolio from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods lifted their price objective on AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. Finally, Piper Sandler Companies reissued an “overweight” rating and issued a $300.00 price objective on shares of AppFolio in a report on Friday, July 26th.

AppFolio Price Performance

Shares of AppFolio stock opened at $219.70 on Wednesday. AppFolio has a 1 year low of $164.29 and a 1 year high of $274.56. The firm has a market cap of $7.96 billion, a PE ratio of 106.14 and a beta of 0.81. The stock has a fifty day moving average price of $237.60 and a 200-day moving average price of $234.23.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, July 25th. The software maker reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.16. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The firm had revenue of $197.38 million during the quarter, compared to analyst estimates of $190.57 million. During the same period last year, the firm posted ($0.53) EPS. The business’s revenue was up 34.2% compared to the same quarter last year. As a group, equities analysts anticipate that AppFolio will post 2.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other AppFolio news, major shareholder Maurice J. Duca sold 2,600 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $229.65, for a total value of $597,090.00. Following the completion of the transaction, the insider now owns 52,400 shares in the company, valued at approximately $12,033,660. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Maurice J. Duca sold 4,203 shares of AppFolio stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $230.34, for a total transaction of $968,119.02. Following the completion of the sale, the insider now owns 45,447 shares in the company, valued at approximately $10,468,261.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Maurice J. Duca sold 2,600 shares of AppFolio stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $229.65, for a total value of $597,090.00. Following the sale, the insider now owns 52,400 shares of the company’s stock, valued at approximately $12,033,660. The disclosure for this sale can be found here. Insiders sold a total of 123,740 shares of company stock worth $29,370,450 in the last quarter. 9.15% of the stock is owned by company insiders.

Institutional Trading of AppFolio

A number of large investors have recently modified their holdings of APPF. Allspring Global Investments Holdings LLC boosted its position in shares of AppFolio by 497.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 43,552 shares of the software maker’s stock valued at $7,545,000 after acquiring an additional 36,265 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in AppFolio in the fourth quarter worth approximately $480,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AppFolio by 17.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,369 shares of the software maker’s stock worth $757,000 after buying an additional 648 shares in the last quarter. Calamos Advisors LLC boosted its stake in AppFolio by 20.6% in the fourth quarter. Calamos Advisors LLC now owns 10,427 shares of the software maker’s stock worth $1,806,000 after buying an additional 1,781 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in AppFolio by 2.7% in the fourth quarter. Verdence Capital Advisors LLC now owns 2,114 shares of the software maker’s stock worth $366,000 after buying an additional 55 shares in the last quarter. Institutional investors own 62.34% of the company’s stock.

AppFolio Company Profile

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.