AppFolio (NASDAQ:APPF) was upgraded by equities researchers at TheStreet from a “d+” rating to a “c-” rating in a research note issued on Monday.
A number of other equities analysts also recently commented on the stock. BidaskClub downgraded shares of AppFolio from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. KeyCorp reaffirmed a “hold” rating on shares of AppFolio in a research note on Monday, November 6th. Zacks Investment Research raised shares of AppFolio from a “hold” rating to a “strong-buy” rating and set a $48.00 target price on the stock in a research note on Thursday, November 9th. Finally, Morgan Stanley lifted their target price on shares of AppFolio from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.33.
AppFolio (APPF) opened at $39.90 on Monday. AppFolio has a 52 week low of $22.84 and a 52 week high of $52.25. The company has a market cap of $1,536.06, a PE ratio of 147.78 and a beta of 0.52.
In other AppFolio news, CEO Jason Robert Randall sold 25,000 shares of AppFolio stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $43.00, for a total transaction of $1,075,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William R. Rauth III sold 20,000 shares of AppFolio stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $42.53, for a total transaction of $850,600.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at $850,600. The disclosure for this sale can be found here. 44.77% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC acquired a new stake in shares of AppFolio during the fourth quarter valued at about $169,000. Parametric Portfolio Associates LLC acquired a new stake in shares of AppFolio during the second quarter valued at about $214,000. Cubist Systematic Strategies LLC acquired a new stake in shares of AppFolio during the third quarter valued at about $236,000. The Manufacturers Life Insurance Company increased its position in shares of AppFolio by 11.0% during the second quarter. The Manufacturers Life Insurance Company now owns 7,782 shares of the software maker’s stock valued at $254,000 after acquiring an additional 774 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of AppFolio by 60.0% during the third quarter. Sei Investments Co. now owns 5,715 shares of the software maker’s stock valued at $274,000 after acquiring an additional 2,143 shares during the last quarter. Institutional investors and hedge funds own 25.59% of the company’s stock.
AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.
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