AppFolio (APPF) to Release Earnings on Thursday

AppFolio (NASDAQ:APPF) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect AppFolio to post earnings of $0.84 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, January 25th. The software maker reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.29. The company had revenue of $171.83 million for the quarter, compared to analyst estimates of $162.80 million. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Stock Performance

APPF stock opened at $216.72 on Thursday. The company has a market capitalization of $7.77 billion, a P/E ratio of 7,226.41 and a beta of 0.80. AppFolio has a 52-week low of $123.36 and a 52-week high of $253.42. The business has a 50-day simple moving average of $231.83 and a two-hundred day simple moving average of $203.65.

Analyst Ratings Changes

Several brokerages recently issued reports on APPF. Stephens reiterated an “overweight” rating and set a $241.00 price target on shares of AppFolio in a report on Friday, January 26th. StockNews.com lowered shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. KeyCorp raised their price target on shares of AppFolio from $254.00 to $264.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. upped their price objective on shares of AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Finally, BTIG Research began coverage on AppFolio in a research note on Friday, January 19th. They issued a “buy” rating and a $215.00 target price on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, AppFolio currently has a consensus rating of “Moderate Buy” and an average price target of $239.40.

Insiders Place Their Bets

In related news, Director Olivia Nottebohm sold 989 shares of AppFolio stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the sale, the director now owns 1,909 shares of the company’s stock, valued at approximately $461,500.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Olivia Nottebohm sold 989 shares of AppFolio stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $241.75, for a total value of $239,090.75. Following the completion of the sale, the director now owns 1,909 shares of the company’s stock, valued at approximately $461,500.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Blottnitz Andreas Von sold 4,500 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $226.56, for a total value of $1,019,520.00. Following the completion of the sale, the director now owns 5,449 shares in the company, valued at $1,234,525.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,489 shares of company stock valued at $3,531,011. Company insiders own 9.15% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of APPF. Quantbot Technologies LP purchased a new position in AppFolio during the 1st quarter valued at about $167,000. State of Wyoming increased its holdings in AppFolio by 22.2% during the 4th quarter. State of Wyoming now owns 1,288 shares of the software maker’s stock worth $136,000 after acquiring an additional 234 shares during the period. FMR LLC lifted its stake in AppFolio by 10.3% in the 3rd quarter. FMR LLC now owns 709 shares of the software maker’s stock worth $130,000 after purchasing an additional 66 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its holdings in AppFolio by 8.0% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,177 shares of the software maker’s stock valued at $124,000 after purchasing an additional 87 shares during the period. Finally, UBS Group AG boosted its holdings in AppFolio by 311.8% in the 4th quarter. UBS Group AG now owns 1,149 shares of the software maker’s stock valued at $121,000 after purchasing an additional 870 shares during the period. 62.34% 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.