AppFolio, Inc. (NASDAQ:APPF) Given Consensus Recommendation of “Moderate Buy” by Analysts

AppFolio, Inc. (NASDAQ:APPF) has earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $274.43.

A number of research analysts have recently weighed in on the company. DA Davidson raised AppFolio to a “strong-buy” rating in a report on Tuesday, May 13th. Keefe, Bruyette & Woods lowered their price target on AppFolio from $210.00 to $205.00 and set an “underweight” rating on the stock in a research report on Friday, April 25th. Finally, Piper Sandler reiterated a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research report on Wednesday, April 23rd.

Insider Activity

In other AppFolio news, CFO Timothy Mathias Eaton sold 1,057 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $221.13, for a total transaction of $233,734.41. Following the completion of the sale, the chief financial officer owned 7,176 shares of the company’s stock, valued at $1,586,828.88. This trade represents a 12.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy K. Bliss bought 7,500 shares of the business’s stock in a transaction on Thursday, June 5th. The shares were acquired at an average cost of $217.02 per share, with a total value of $1,627,650.00. Following the purchase, the director owned 7,500 shares of the company’s stock, valued at $1,627,650. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 18,500 shares of company stock valued at $4,024,220 and have sold 11,639 shares valued at $2,547,802. 4.68% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AppFolio

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Colonial Trust Co SC acquired a new stake in shares of AppFolio in the fourth quarter valued at $28,000. Fifth Third Bancorp boosted its position in shares of 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 acquiring an additional 62 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of AppFolio by 4,975.0% in the 1st quarter. Versant Capital Management Inc now owns 203 shares of the software maker’s stock valued at $45,000 after purchasing an additional 199 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in shares of AppFolio by 10,300.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock valued at $51,000 after purchasing an additional 206 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of AppFolio by 1,485.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock valued at $55,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

AppFolio Stock Performance

AppFolio stock opened at $235.58 on Friday. The stock has a 50-day moving average of $218.44 and a two-hundred day moving average of $226.03. AppFolio has a one year low of $189.01 and a one year high of $274.56. The stock has a market cap of $8.49 billion, a PE ratio of 43.95 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The business had revenue of $217.70 million during the quarter, compared to analysts’ expectations of $220.95 million. AppFolio had a net margin of 23.87% and a return on equity of 25.83%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 earnings per share. As a group, sell-side analysts predict that AppFolio will post 3.96 EPS for the current fiscal year.

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.