AppFolio (NASDAQ:APPF) Receives Overweight Rating from Stephens

AppFolio (NASDAQ:APPF)‘s stock had its “overweight” rating restated by stock analysts at Stephens in a research note issued on Friday, Benzinga reports. They currently have a $241.00 target price on the software maker’s stock. Stephens’ price target would indicate a potential downside of 0.39% from the stock’s current price.

Several other brokerages also recently commented on APPF. Keefe, Bruyette & Woods boosted their price target on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday. JPMorgan Chase & Co. upped their target price on AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Friday, January 26th. KeyCorp upped their price objective on shares of AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday. Finally, BTIG Research began coverage on shares of AppFolio in a research note on Friday, January 19th. They set a “buy” rating and a $215.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, AppFolio has an average rating of “Moderate Buy” and an average target price of $241.00.

AppFolio Stock Up 11.7 %

APPF traded up $25.30 during trading hours on Friday, hitting $241.95. The stock had a trading volume of 330,545 shares, compared to its average volume of 309,015. The stock has a market cap of $8.68 billion, a PE ratio of 8,211.74 and a beta of 0.80. AppFolio has a 1 year low of $123.36 and a 1 year high of $256.73. The company’s fifty day simple moving average is $229.89 and its 200 day simple moving average is $204.61.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, January 25th. The software maker reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.29. The company had revenue of $171.83 million during the quarter, compared to analysts’ expectations of $162.80 million. AppFolio had a negative return on equity of 8.58% and a net margin of 0.44%. As a group, equities analysts expect that AppFolio will post 2.66 EPS for the current year.

Insider Buying and Selling

In other news, Director Olivia Nottebohm sold 989 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the transaction, the director now owns 1,909 shares in the company, valued at $461,500.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other AppFolio news, Director Olivia Nottebohm sold 989 shares of AppFolio stock in a transaction on Friday, March 1st. The stock was sold at an average price of $241.75, for a total value of $239,090.75. Following the completion of the sale, the director now owns 1,909 shares of the company’s stock, valued at approximately $461,500.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy K. Bliss sold 10,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $227.24, for a total value of $2,272,400.00. Following the completion of the transaction, the director now owns 51,070 shares of the company’s stock, valued at approximately $11,605,146.80. The disclosure for this sale can be found here. Insiders have sold a total of 15,489 shares of company stock worth $3,531,011 in the last quarter. Corporate insiders own 9.15% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI boosted its holdings in AppFolio by 70.4% in the third quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock worth $25,000 after purchasing an additional 57 shares during the last quarter. Zeno Equity Partners LLP purchased a new stake in AppFolio during the fourth quarter valued at $30,000. USA Financial Formulas bought a new position in AppFolio in the fourth quarter valued at about $59,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in AppFolio in the fourth quarter worth about $64,000. Finally, Headlands Technologies LLC bought a new stake in shares of AppFolio during the 4th quarter valued at about $85,000. 62.34% of the stock is owned by hedge funds and other institutional investors.

About AppFolio

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.