AppFolio, Inc. (NASDAQ:APPF) Receives Average Rating of “Buy” from Analysts

Shares of AppFolio, Inc. (NASDAQ:APPF) have been assigned an average recommendation of “Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $218.75.

Several equities research analysts have recently weighed in on the company. KeyCorp upped their target price on AppFolio from $210.00 to $223.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. JPMorgan Chase & Co. assumed coverage on AppFolio in a report on Thursday, August 17th. They issued an “overweight” rating and a $200.00 price target for the company. Stephens raised AppFolio from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $184.00 to $212.00 in a report on Monday, August 21st. William Blair raised AppFolio from a “market perform” rating to an “outperform” rating in a report on Monday, August 28th. Finally, StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a report on Thursday.

Insider Buying and Selling at AppFolio

In other news, Director Janet Kerr sold 250 shares of AppFolio stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $172.46, for a total value of $43,115.00. Following the completion of the transaction, the director now owns 16,876 shares in the company, valued at $2,910,434.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.15% of the company’s stock.

Institutional Investors Weigh In On AppFolio

Hedge funds have recently bought and sold shares of the company. Arcadia Investment Management Corp MI increased its holdings in shares of AppFolio by 70.4% during the third quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock worth $25,000 after purchasing an additional 57 shares during the period. Metropolitan Life Insurance Co NY boosted its position in AppFolio by 8.0% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,177 shares of the software maker’s stock valued at $124,000 after buying an additional 87 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of AppFolio by 14.1% during the first quarter. Federated Hermes Inc. now owns 729 shares of the software maker’s stock worth $91,000 after purchasing an additional 90 shares during the period. Arizona State Retirement System lifted its holdings in AppFolio by 1.9% in the third quarter. Arizona State Retirement System now owns 5,321 shares of the software maker’s stock valued at $972,000 after buying an additional 101 shares during the period. Finally, Jane Street Group LLC lifted its holdings in AppFolio by 1.5% in the fourth quarter. Jane Street Group LLC now owns 7,048 shares of the software maker’s stock valued at $743,000 after buying an additional 106 shares during the period. 48.96% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Stock Up 0.0 %

NASDAQ APPF opened at $198.85 on Monday. AppFolio has a fifty-two week low of $100.20 and a fifty-two week high of $207.40. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of -146.21 and a beta of 0.85. The business has a fifty day moving average of $186.36 and a 200-day moving average of $173.16.

AppFolio Company Profile

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.