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

AppFolio, Inc. (NASDAQ:APPF) has earned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $272.71.

APPF has been the subject of a number of recent research reports. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a report on Friday, January 10th. DA Davidson decreased their price objective on AppFolio from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, April 14th. William Blair reissued an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler reaffirmed a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a report on Friday, January 31st. Finally, Stephens reiterated an “overweight” rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st.

AppFolio Trading Up 0.4 %

APPF opened at $218.78 on Monday. The stock’s 50-day moving average price is $217.92 and its 200 day moving average price is $231.26. AppFolio has a 12-month low of $189.01 and a 12-month high of $274.56. The firm has a market cap of $7.96 billion, a price-to-earnings ratio of 39.42 and a beta of 0.86.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, research analysts forecast that AppFolio will post 3.96 earnings per share for the current year.

Insider Activity

In related news, insider Matthew S. Mazza sold 838 shares of the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the sale, the insider now directly owns 22,701 shares of the company’s stock, valued at $5,795,565.30. This represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander Wolf purchased 9,678 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the transaction, the director now owns 3,226 shares of the company’s stock, valued at $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.24% of the company’s stock.

Institutional Investors Weigh In On AppFolio

Large investors have recently modified their holdings of the company. Tidal Investments LLC boosted its stake in AppFolio by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after purchasing an additional 40 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of AppFolio by 6.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock valued at $158,000 after buying an additional 40 shares during the last quarter. Independent Advisor Alliance boosted its stake in shares of AppFolio by 2.1% during the fourth quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock worth $643,000 after buying an additional 53 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of AppFolio by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker’s stock worth $2,457,000 after buying an additional 60 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in AppFolio by 53.0% in the 1st quarter. Fifth Third Bancorp now owns 179 shares of the software maker’s stock valued at $39,000 after acquiring an additional 62 shares during the period. 85.19% of the stock is owned by institutional investors and hedge funds.

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.