AppFolio (APPF) Scheduled to Post Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect AppFolio to post earnings of $0.84 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, January 25th. The software maker reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.29. The company had revenue of $171.83 million for the quarter, compared to analysts’ expectations of $162.80 million. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Price Performance

APPF opened at $216.72 on Thursday. The company has a 50 day simple moving average of $231.83 and a two-hundred day simple moving average of $203.65. The firm has a market cap of $7.77 billion, a P/E ratio of 7,226.41 and a beta of 0.80. AppFolio has a 1-year low of $123.36 and a 1-year high of $253.42.

Insider Activity

In other news, Director Olivia Nottebohm sold 989 shares of the stock in a transaction 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 sale, the director now owns 1,909 shares of the company’s stock, valued at $461,500.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total value of $1,019,520.00. Following the sale, the director now owns 5,449 shares in the company, valued at $1,234,525.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Olivia Nottebohm sold 989 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $241.75, for a total transaction of $239,090.75. Following the completion of the transaction, the director now owns 1,909 shares in the company, valued at $461,500.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,489 shares of company stock valued at $3,531,011. 9.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AppFolio

A number of hedge funds have recently added to or reduced their stakes in the stock. Fred Alger Management LLC increased its holdings in AppFolio by 623.8% during the 4th quarter. Fred Alger Management LLC now owns 497,164 shares of the software maker’s stock worth $52,391,000 after purchasing an additional 428,479 shares during the period. Norges Bank bought a new stake in shares of AppFolio in the fourth quarter valued at about $17,253,000. Nellore Capital Management LLC bought a new position in AppFolio during the 1st quarter worth about $16,069,000. Morgan Stanley increased its position in AppFolio by 97.4% during the 3rd quarter. Morgan Stanley now owns 206,803 shares of the software maker’s stock valued at $37,768,000 after purchasing an additional 102,025 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of AppFolio by 495.1% in the 2nd quarter. Renaissance Technologies LLC now owns 108,900 shares of the software maker’s stock valued at $9,871,000 after purchasing an additional 90,600 shares in the last quarter. 62.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com cut AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. JPMorgan Chase & Co. raised their target price on shares of AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Stephens reissued an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a report on Friday, January 26th. BTIG Research assumed coverage on AppFolio in a report on Friday, January 19th. They issued a “buy” rating and a $215.00 target price on the stock. Finally, KeyCorp raised their price target on AppFolio from $254.00 to $264.00 and gave the company an “overweight” rating in a report on Monday, March 18th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, AppFolio has an average rating of “Moderate Buy” and an average price target of $239.40.

AppFolio Company Profile

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.