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

Shares of AppFolio, Inc. (NASDAQ:APPF) have received an average recommendation of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is $310.20.

APPF has been the topic of a number of research analyst reports. Piper Sandler upgraded AppFolio from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $240.00 to $350.00 in a research report on Friday, August 1st. Keefe, Bruyette & Woods raised shares of AppFolio from a “market perform” rating to an “outperform” rating and set a $311.00 price objective for the company in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AppFolio in a research report on Wednesday, October 8th. DA Davidson decreased their price target on shares of AppFolio from $375.00 to $325.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, KeyCorp reduced their price objective on AppFolio from $285.00 to $270.00 and set an “overweight” rating for the company in a research report on Friday, October 31st.

AppFolio Trading Down 2.8%

AppFolio stock opened at $250.27 on Friday. The company has a fifty day simple moving average of $258.89 and a 200-day simple moving average of $245.79. The stock has a market cap of $8.97 billion, a P/E ratio of 44.93 and a beta of 0.83. AppFolio has a 12-month low of $190.24 and a 12-month high of $326.04.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.14). The company had revenue of $249.35 million during the quarter, compared to analysts’ expectations of $245.39 million. AppFolio had a net margin of 22.48% and a return on equity of 25.97%. AppFolio’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. AppFolio has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that AppFolio will post 3.96 earnings per share for the current fiscal year.

Insider Activity

In other AppFolio news, major shareholder Maurice J. Duca sold 3,100 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $282.43, for a total value of $875,533.00. Following the completion of the sale, the insider owned 35,900 shares in the company, valued at approximately $10,139,237. This trade represents a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 4,000 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $276.95, for a total transaction of $1,107,800.00. Following the completion of the transaction, the chief executive officer owned 59,556 shares of the company’s stock, valued at approximately $16,494,034.20. This represents a 6.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,403 shares of company stock valued at $9,253,671 over the last 90 days. 4.68% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new stake in shares of AppFolio during the third quarter worth $31,000. TD Private Client Wealth LLC boosted its stake in AppFolio by 2,116.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 133 shares of the software maker’s stock worth $37,000 after acquiring an additional 127 shares during the last quarter. First Horizon Corp bought a new stake in shares of AppFolio in the 3rd quarter valued at $39,000. Hantz Financial Services Inc. grew its position in shares of AppFolio by 373.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 142 shares of the software maker’s stock valued at $39,000 after purchasing an additional 112 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of AppFolio by 58.7% in the second quarter. Huntington National Bank now owns 200 shares of the software maker’s stock valued at $46,000 after purchasing an additional 74 shares in the last quarter. 85.19% of the stock is owned by 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.