AppFolio (NASDAQ:APPF) Given New $100.00 Price Target at DA Davidson

AppFolio (NASDAQ:APPF – Get Rating) had its price target upped by DA Davidson from $95.00 to $100.00 in a research note issued to investors on Tuesday, The Fly reports. DA Davidson currently has a neutral rating on the software maker’s stock.

Several other brokerages also recently commented on APPF. KeyCorp cut their price objective on shares of AppFolio from $143.00 to $131.00 and set an overweight rating on the stock in a research report on Friday, October 14th. StockNews.com downgraded shares of AppFolio from a hold rating to a sell rating in a research report on Saturday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $117.00.

AppFolio Stock Up 1.9 %

APPF opened at $119.07 on Tuesday. The stock has a market cap of $4.19 billion, a PE ratio of -83.27 and a beta of 1.01. The business has a 50 day moving average of $112.35 and a 200-day moving average of $107.82. AppFolio has a 52 week low of $79.92 and a 52 week high of $127.74.

AppFolio (NASDAQ:APPF – Get Rating) last released its earnings results on Thursday, October 27th. The software maker reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.38. AppFolio had a negative return on equity of 17.72% and a negative net margin of 11.22%. The business had revenue of $125.08 million for the quarter, compared to the consensus estimate of $118.90 million. Equities analysts anticipate that AppFolio will post -1.7 EPS for the current year.

Institutional Trading of AppFolio

A number of institutional investors have recently made changes to their positions in APPF. US Bancorp DE boosted its holdings in shares of AppFolio by 206.7% during the 2nd quarter. US Bancorp DE now owns 322 shares of the software maker’s stock valued at $29,000 after acquiring an additional 217 shares during the last quarter. Federated Hermes Inc. purchased a new stake in shares of AppFolio during the 1st quarter valued at about $39,000. Harbor Investment Advisory LLC purchased a new stake in shares of AppFolio during the 4th quarter valued at about $43,000. Castle Wealth Management LLC purchased a new stake in shares of AppFolio during the 2nd quarter valued at about $56,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of AppFolio by 43.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 710 shares of the software maker’s stock worth $74,000 after purchasing an additional 214 shares during the period. Hedge funds and other institutional investors own 64.79% of the company’s stock.

About AppFolio

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AppFolio, Inc, provides industry-specific cloud-based business software solutions, services, and data analytics for the real estate industry. The firm offers AppFolio Property Manager, a property management solution designed to address the operational and business requirements of property management companies and their business ecosystems and AppFolio Investment Management, a cloud-based software solution for real estate investment managers of various sizes that provides tools and services designed to streamline their real estate investment management businesses.