AppFolio, Inc. (NASDAQ:APPF) Receives $272.71 Average Price Target from Brokerages

AppFolio, Inc. (NASDAQ:APPF) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $272.71.

A number of equities research analysts recently commented on APPF shares. Piper Sandler reissued a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a research note on Wednesday. William Blair restated an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target on the stock. in a research note on Friday, January 10th. DA Davidson lowered their price objective on shares of AppFolio from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Stephens reaffirmed an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st.

AppFolio Trading Up 2.4 %

Shares of APPF stock opened at $225.66 on Monday. The stock has a 50 day simple moving average of $218.12 and a 200-day simple moving average of $231.02. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 40.66 and a beta of 0.86. AppFolio has a 12-month low of $189.01 and a 12-month high of $274.56.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, equities analysts forecast that AppFolio will post 3.96 earnings per share for the current fiscal year.

Insider Activity at AppFolio

In other news, Director Alexander Wolf acquired 9,678 shares of the stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the transaction, the director now directly owns 3,226 shares of the company’s stock, valued at $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the transaction, the chief executive officer now directly owns 83,824 shares in the company, valued at approximately $18,212,440.48. The trade was a 4.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.24% of the company’s stock.

Institutional Investors Weigh In On AppFolio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new stake in shares of AppFolio during the fourth quarter valued at about $28,000. Fifth Third Bancorp increased its holdings in AppFolio by 53.0% during the 1st quarter. Fifth Third Bancorp now owns 179 shares of the software maker’s stock worth $39,000 after purchasing an additional 62 shares during the last quarter. UMB Bank n.a. raised its position in shares of AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of AppFolio by 4,975.0% during the 1st quarter. Versant Capital Management Inc now owns 203 shares of the software maker’s stock valued at $45,000 after buying an additional 199 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of AppFolio during the fourth quarter worth approximately $50,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

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.