AppFolio, Inc. (APPF) – What Are Analysts Saying About This Stock?

AppFolio, Inc. (NASDAQ:APPF) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $250.00.

A number of brokerages have commented on APPF. Wall Street Zen cut shares of AppFolio from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. Weiss Ratings upgraded AppFolio from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. UBS Group upped their price objective on AppFolio from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. KeyCorp reaffirmed an “overweight” rating on shares of AppFolio in a report on Wednesday, October 14th. Finally, Guggenheim lifted their target price on AppFolio from $232.00 to $239.00 and gave the company a “buy” rating in a research report on Friday, October 23rd.

AppFolio Price Performance

Shares of APPF opened at $207.05 on Friday. The firm has a market capitalization of $7.33 billion, a P/E ratio of 43.68 and a beta of 0.89. AppFolio has a one year low of $142.56 and a one year high of $265.02. The business has a fifty day moving average of $212.26 and a 200 day moving average of $183.92.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, October 22nd. The software maker reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.03. AppFolio had a return on equity of 33.56% and a net margin of 15.62%. The business had revenue of $295.69 million for the quarter, compared to analysts’ expectations of $294.46 million. During the same period last year, the firm posted $1.31 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts expect that AppFolio will post 5.18 EPS for the current fiscal year.

Insider Transactions at AppFolio

In other news, CFO Timothy Eaton sold 373 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $202.61, for a total value of $75,573.53. Following the transaction, the chief financial officer owned 16,714 shares of the company’s stock, valued at $3,386,423.54. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Maurice Duca sold 2,656 shares of AppFolio stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $221.85, for a total value of $589,233.60. Following the transaction, the insider directly owned 8,000 shares in the company, valued at approximately $1,774,800. The trade was a 24.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 117,917 shares of company stock valued at $23,618,146. Company insiders own 1.57% of the company’s stock.

Hedge Funds Weigh In On AppFolio

Several large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in AppFolio in the 2nd quarter worth $1,043,000. SG Americas Securities LLC boosted its stake in shares of AppFolio by 666.2% in the first quarter. SG Americas Securities LLC now owns 25,185 shares of the software maker’s stock worth $3,975,000 after acquiring an additional 21,898 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of AppFolio in the second quarter worth about $3,004,000. Royal Bank of Canada grew its position in shares of AppFolio by 19.6% during the first quarter. Royal Bank of Canada now owns 52,466 shares of the software maker’s stock worth $8,280,000 after purchasing an additional 8,582 shares in the last quarter. Finally, Wellington Management Group LLP bought a new stake in AppFolio during the 2nd quarter valued at approximately $36,063,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

About AppFolio

AppFolio, Inc is a cloud-based software company that provides technology solutions for the real estate industry. Its platform is designed primarily for property management businesses, helping them manage accounting, leasing, maintenance, communications, payments, reporting and other operational activities through a centralized system.

The company’s products serve a range of property managers, including those overseeing residential, commercial, community association, student housing and senior living properties.