AppFolio (NASDAQ:APPF) Price Target Raised to $275.00 at KeyCorp

AppFolio (NASDAQ:APPF) had its price objective lifted by KeyCorp from $264.00 to $275.00 in a research note released on Friday, Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

A number of other analysts have also recently commented on APPF. Stephens reaffirmed an overweight rating and issued a $241.00 price target on shares of AppFolio in a research note on Friday, January 26th. BTIG Research initiated coverage on AppFolio in a research note on Friday, January 19th. They issued a buy rating and a $215.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on AppFolio from $228.00 to $237.00 and gave the company an overweight rating in a research note on Friday, January 26th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $241.00.

AppFolio Trading Up 12.0 %

AppFolio stock opened at $242.75 on Friday. AppFolio has a 1 year low of $123.36 and a 1 year high of $256.73. The company has a market cap of $8.71 billion, a PE ratio of 8,094.36 and a beta of 0.80. The company’s 50-day moving average is $229.41 and its two-hundred day moving average is $204.69.

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

Insider Buying and Selling at AppFolio

In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the completion of the sale, the director now owns 5,449 shares of the company’s stock, valued at approximately $1,234,525.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the completion of the sale, the director now owns 5,449 shares of the company’s stock, valued at approximately $1,234,525.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director now directly owns 1,909 shares of the company’s stock, valued at approximately $461,500.75. The disclosure for this sale can be found here. Insiders sold 15,489 shares of company stock valued at $3,531,011 in the last quarter. 9.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AppFolio

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Verdence Capital Advisors LLC lifted its holdings in shares of AppFolio by 2.7% during 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. Arcadia Investment Management Corp MI lifted its holdings in shares of AppFolio by 70.4% during the third quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock worth $25,000 after buying an additional 57 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of AppFolio by 1.9% during the third quarter. Arizona State Retirement System now owns 5,321 shares of the software maker’s stock worth $972,000 after buying an additional 101 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of AppFolio by 3.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the software maker’s stock worth $639,000 after buying an additional 116 shares in the last quarter. Finally, Zeno Equity Partners LLP acquired a new stake in shares of AppFolio during the fourth quarter worth $30,000. Institutional investors and hedge funds own 62.34% of the company’s stock.

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.