DA Davidson Reiterates Buy Rating for AppFolio (NASDAQ:APPF)

AppFolio (NASDAQ:APPF)‘s stock had its “buy” rating reissued by research analysts at DA Davidson in a research note issued on Friday,Benzinga reports. They presently have a $350.00 price objective on the software maker’s stock. DA Davidson’s price target points to a potential upside of 9.67% from the company’s current price. DA Davidson also issued estimates for AppFolio’s Q3 2025 earnings at $1.07 EPS, FY2025 earnings at $3.92 EPS and FY2026 earnings at $4.66 EPS.

A number of other analysts have also issued reports on APPF. Keefe, Bruyette & Woods upgraded AppFolio from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $205.00 to $267.00 in a report on Thursday. Piper Sandler raised AppFolio from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $240.00 to $350.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $303.00.

AppFolio Trading Up 19.4%

NASDAQ APPF opened at $319.15 on Friday. The stock has a market cap of $11.50 billion, a PE ratio of 57.61 and a beta of 0.95. AppFolio has a 12 month low of $189.01 and a 12 month high of $320.36. The company’s 50-day moving average price is $235.88 and its 200-day moving average price is $226.65.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, July 31st. The software maker reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.11. The company had revenue of $235.58 million during the quarter, compared to analysts’ expectations of $230.10 million. AppFolio had a net margin of 23.54% and a return on equity of 26.19%. The firm’s quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 EPS. As a group, sell-side analysts forecast that AppFolio will post 3.96 earnings per share for the current year.

Insider Transactions at AppFolio

In other AppFolio news, Director Timothy K. Bliss acquired 7,000 shares of the business’s stock in a transaction that occurred on Monday, June 9th. The shares were bought at an average cost of $217.95 per share, with a total value of $1,525,650.00. Following the completion of the acquisition, the director directly owned 22,000 shares in the company, valued at $4,794,900. This represents a 46.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Timothy Mathias Eaton sold 1,057 shares of the business’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $221.13, for a total transaction of $233,734.41. Following the completion of the transaction, the chief financial officer directly owned 7,176 shares of the company’s stock, valued at $1,586,828.88. This trade represents a 12.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 18,500 shares of company stock worth $4,024,220 and have sold 14,639 shares worth $3,433,222. 4.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AppFolio

A number of hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System grew its stake in AppFolio by 80.8% in the first quarter. New York State Teachers Retirement System now owns 8,773 shares of the software maker’s stock valued at $1,929,000 after purchasing an additional 3,922 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of AppFolio in the 1st quarter valued at about $420,000. Janney Montgomery Scott LLC purchased a new position in shares of AppFolio in the 1st quarter worth approximately $305,000. Oppenheimer Asset Management Inc. raised its stake in shares of AppFolio by 34.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,049 shares of the software maker’s stock worth $1,110,000 after acquiring an additional 1,304 shares in the last quarter. Finally, Portside Wealth Group LLC bought a new position in shares of AppFolio during the 1st quarter worth approximately $774,000. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

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.