AppFolio (APPF) Scheduled to Post Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPFGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Thursday, July 28th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. AppFolio has set its FY 2022 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPFGet Rating) last announced its earnings results on Monday, May 9th. The software maker reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.36). AppFolio had a negative net margin of 3.56% and a negative return on equity of 4.72%. The firm had revenue of $105.30 million during the quarter, compared to analyst estimates of $100.85 million. During the same period last year, the company earned $0.01 earnings per share. On average, analysts expect AppFolio to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

AppFolio Stock Performance

Shares of AppFolio stock opened at $98.84 on Thursday. The company has a market capitalization of $3.44 billion, a P/E ratio of -253.44 and a beta of 1.06. AppFolio has a 1 year low of $79.92 and a 1 year high of $145.24. The company’s fifty day moving average is $95.68 and its two-hundred day moving average is $106.87.

Analysts Set New Price Targets

Several research firms have issued reports on APPF. KeyCorp upgraded AppFolio from a “sector weight” rating to an “overweight” rating and set a $143.00 price objective for the company in a research report on Friday, April 8th. StockNews.com lowered AppFolio from a “hold” rating to a “sell” rating in a research note on Wednesday, May 18th.

Insider Activity

In related news, CTO Jonathan Walker sold 10,455 shares of AppFolio stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $98.91, for a total value of $1,034,104.05. Following the completion of the sale, the chief technology officer now owns 596,502 shares in the company, valued at $59,000,012.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other AppFolio news, Director Timothy K. Bliss sold 7,320 shares of the business’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $87.70, for a total transaction of $641,964.00. Following the completion of the sale, the director now owns 17,680 shares in the company, valued at $1,550,536. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Jonathan Walker sold 10,455 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $98.91, for a total transaction of $1,034,104.05. Following the completion of the transaction, the chief technology officer now owns 596,502 shares in the company, valued at $59,000,012.82. The disclosure for this sale can be found here. Insiders have sold 18,875 shares of company stock worth $1,780,282 over the last 90 days. Company insiders own 22.23% of the company’s stock.

Institutional Investors Weigh In On AppFolio

Institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new position in shares of AppFolio during the first quarter valued at $39,000. Quantbot Technologies LP acquired a new stake in shares of AppFolio in the first quarter valued at approximately $167,000. Ergoteles LLC bought a new stake in shares of AppFolio during the first quarter valued at approximately $228,000. Eaton Vance Management bought a new position in AppFolio in the 1st quarter worth approximately $334,000. Finally, Virtu Financial LLC acquired a new stake in AppFolio in the 1st quarter valued at approximately $353,000. Institutional investors and hedge funds own 66.03% of the company’s stock.

About AppFolio

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AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes.

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Earnings History for AppFolio (NASDAQ:APPF)

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