Capital Impact Advisors LLC Raises Holdings in AppFolio, Inc. (NASDAQ:APPF)

Capital Impact Advisors LLC lifted its stake in AppFolio, Inc. (NASDAQ:APPF – Get Rating) by 9.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,363 shares of the software maker’s stock after buying an additional 666 shares during the quarter. AppFolio makes up 0.9% of Capital Impact Advisors LLC’s holdings, making the stock its 19th largest position. Capital Impact Advisors LLC’s holdings in AppFolio were worth $869,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. purchased a new position in AppFolio during the first quarter worth approximately $39,000. Tower Research Capital LLC TRC lifted its position in shares of AppFolio by 43.1% in the third quarter. Tower Research Capital LLC TRC now owns 710 shares of the software maker’s stock valued at $74,000 after acquiring an additional 214 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of AppFolio in the first quarter valued at approximately $167,000. Victory Capital Management Inc. purchased a new position in shares of AppFolio in the third quarter valued at approximately $213,000. Finally, Quantamental Technologies LLC purchased a new position in shares of AppFolio in the third quarter valued at approximately $221,000. Hedge funds and other institutional investors own 64.79% of the company’s stock.

AppFolio Stock Performance

NASDAQ:APPF opened at $121.13 on Friday. AppFolio, Inc. has a one year low of $79.92 and a one year high of $135.81. The stock has a market cap of $4.29 billion, a PE ratio of -62.12 and a beta of 0.98. The stock has a 50 day moving average price of $121.45 and a 200 day moving average price of $112.89.

AppFolio (NASDAQ:APPF – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The software maker reported ($0.56) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.23). AppFolio had a negative net margin of 14.44% and a negative return on equity of 24.97%. The company had revenue of $124.06 million during the quarter, compared to analyst estimates of $117.00 million. As a group, analysts predict that AppFolio, Inc. will post -1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on APPF. KeyCorp raised their target price on AppFolio from $131.00 to $141.00 and gave the company an “overweight” rating in a research report on Friday, January 27th. DA Davidson raised their target price on AppFolio from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, January 24th. Finally, StockNews.com assumed coverage on AppFolio in a research report on Thursday. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $123.67.

About AppFolio

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AppFolio, Inc, provides industry-specific cloud-based business software solutions, services, and data analytics for the real estate industry. The firm offers AppFolio Property Manager, a property management solution designed to address the operational and business requirements of property management companies and their business ecosystems and AppFolio Investment Management, a cloud-based software solution for real estate investment managers of various sizes that provides tools and services designed to streamline their real estate investment management businesses.