Appian (NASDAQ:APPN) Upgraded at Zacks Research

Zacks Research upgraded shares of Appian (NASDAQ:APPN) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Appian in a research note on Wednesday. DA Davidson began coverage on shares of Appian in a research note on Friday, August 8th. They issued a “neutral” rating and a $30.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Appian currently has a consensus rating of “Hold” and a consensus price target of $33.40.

Appian Stock Performance

APPN stock opened at $28.51 on Wednesday. The company has a fifty day moving average price of $30.28 and a 200-day moving average price of $29.98. The company has a market capitalization of $2.11 billion, a P/E ratio of -123.95 and a beta of 1.76. Appian has a 52-week low of $24.00 and a 52-week high of $43.33.

Appian (NASDAQ:APPN) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $170.64 million for the quarter, compared to analysts’ expectations of $160.01 million. The business’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.26) earnings per share. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. As a group, sell-side analysts forecast that Appian will post -0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its position in shares of Appian by 89.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,198 shares of the company’s stock valued at $36,000 after acquiring an additional 564 shares during the period. Concord Wealth Partners lifted its position in shares of Appian by 21.7% during the 1st quarter. Concord Wealth Partners now owns 2,581 shares of the company’s stock valued at $74,000 after acquiring an additional 461 shares during the period. Globeflex Capital L P acquired a new position in shares of Appian during the 2nd quarter valued at $90,000. Headlands Technologies LLC lifted its position in shares of Appian by 2,052.0% during the 1st quarter. Headlands Technologies LLC now owns 4,218 shares of the company’s stock valued at $122,000 after acquiring an additional 4,022 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Appian by 456.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company’s stock valued at $128,000 after acquiring an additional 3,513 shares during the period. Institutional investors and hedge funds own 52.70% of the company’s stock.

About Appian

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.