AppFolio (NASDAQ:APPF) Releases Quarterly Earnings Results, Misses Estimates By $0.34 EPS

AppFolio (NASDAQ:APPF) released its quarterly earnings data on Thursday. The software maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34), Zacks reports. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. AppFolio updated its FY 2025 guidance to EPS.

AppFolio Trading Up 1.4 %

NASDAQ APPF traded up $3.61 on Thursday, hitting $253.58. 389,315 shares of the company were exchanged, compared to its average volume of 245,209. The company has a market cap of $9.21 billion, a P/E ratio of 70.64 and a beta of 0.87. AppFolio has a 1-year low of $189.01 and a 1-year high of $274.56. The firm has a 50 day moving average of $253.64 and a two-hundred day moving average of $235.86.

Insider Transactions at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $229.85, for a total value of $804,475.00. Following the sale, the chief executive officer now owns 74,327 shares in the company, valued at approximately $17,084,060.95. The trade was a 4.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew S. Mazza sold 926 shares of AppFolio stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $229.04, for a total transaction of $212,091.04. Following the completion of the sale, the insider now owns 33,819 shares in the company, valued at $7,745,903.76. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,606 shares of company stock worth $5,958,832. Corporate insiders own 5.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler downgraded AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 target price for the company. in a research report on Monday, January 6th. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $268.57.

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.