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

AppFolio, Inc. (NASDAQ:APPF) has received an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $276.29.

Several equities research analysts have recently issued reports on APPF shares. Stephens reaffirmed an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective on the stock. in a research note on Friday, January 10th. William Blair reiterated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research note on Friday, January 31st.

AppFolio Price Performance

APPF stock opened at $222.98 on Wednesday. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 40.18 and a beta of 0.88. AppFolio has a 1-year low of $189.01 and a 1-year high of $274.56. The business has a 50 day simple moving average of $251.43 and a two-hundred day simple moving average of $234.18.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. Sell-side analysts anticipate that AppFolio will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In other AppFolio news, CEO William Shane Trigg sold 4,145 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $263.32, for a total value of $1,091,461.40. Following the completion of the sale, the chief executive officer now owns 73,682 shares of the company’s stock, valued at $19,401,944.24. This trade represents a 5.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew S. Mazza sold 5,090 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $236.24, for a total value of $1,202,461.60. Following the transaction, the insider now directly owns 28,266 shares in the company, valued at approximately $6,677,559.84. This represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,680 shares of company stock worth $5,746,741 over the last three months. 5.24% of the stock is owned by insiders.

Institutional Investors Weigh In On AppFolio

A number of institutional investors and hedge funds have recently modified their holdings of APPF. Tidal Investments LLC increased its stake in AppFolio by 2.9% in the third quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after purchasing an additional 40 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of AppFolio by 6.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock worth $158,000 after purchasing an additional 40 shares during the last quarter. Independent Advisor Alliance increased its stake in AppFolio by 2.1% in the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock worth $643,000 after buying an additional 53 shares during the period. Blue Trust Inc. lifted its holdings in AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after buying an additional 54 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in AppFolio by 11.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock valued at $152,000 after buying an additional 65 shares during the period. 85.19% of the stock is owned by institutional investors.

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.