DA Davidson Has Negative Outlook for AppFolio Q1 Earnings

AppFolio, Inc. (NASDAQ:APPF) – DA Davidson cut their Q1 2025 earnings per share estimates for shares of AppFolio in a research note issued to investors on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the software maker will post earnings of $0.89 per share for the quarter, down from their previous forecast of $0.91. DA Davidson currently has a “Buy” rating and a $275.00 price objective on the stock. The consensus estimate for AppFolio’s current full-year earnings is $3.96 per share. DA Davidson also issued estimates for AppFolio’s FY2025 earnings at $3.71 EPS and FY2026 earnings at $4.37 EPS.

A number of other research firms also recently commented on APPF. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a research note on Friday, January 10th. Piper Sandler reaffirmed a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a research note on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Finally, Stephens reaffirmed an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $272.71.

AppFolio Stock Performance

APPF opened at $218.78 on Wednesday. AppFolio has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The company has a market capitalization of $7.96 billion, a P/E ratio of 39.42 and a beta of 0.86. The stock has a fifty day moving average of $217.92 and a 200-day moving average of $231.29.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data 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 net margin of 25.69% and a return on equity of 26.21%.

Insider Buying and Selling at AppFolio

In other news, Director Alexander Wolf acquired 9,678 shares of AppFolio stock in a transaction that occurred 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 purchase, the director now owns 3,226 shares in the company, valued at approximately $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the completion of the sale, the chief executive officer now owns 83,824 shares in the company, valued at $18,212,440.48. This trade represents a 4.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in AppFolio by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock worth $615,696,000 after buying an additional 91,174 shares during the period. AQR Capital Management LLC increased its position in AppFolio by 43.2% during the 4th quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker’s stock valued at $161,756,000 after buying an additional 197,700 shares in the last quarter. FMR LLC raised its position in shares of AppFolio by 881.2% in the 4th quarter. FMR LLC now owns 597,485 shares of the software maker’s stock worth $147,411,000 after purchasing an additional 536,591 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in AppFolio by 4.7% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker’s stock valued at $141,350,000 after purchasing an additional 25,566 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in AppFolio by 82.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock worth $108,116,000 after acquiring an additional 207,204 shares during the last quarter. Institutional investors own 85.19% of the company’s stock.

About AppFolio

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.