AppFolio, Inc. (NASDAQ:APPF) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Ten brokerages rate AppFolio a "Moderate Buy" (nine buys, one hold) with an average 1‑year price target of $252.29.
• Earnings beat and growth: AppFolio reported Q EPS of $1.61 vs. $1.47 expected and revenue of $262.2M vs. $258.1M, with revenue up 20.7% year‑over‑year and a 15.27% net margin.
• Valuation and price context: Shares trade around $167.09 (market cap $6.01B, P/E ~39.8), well below a 52‑week high of $326.04 and with the 50‑day SMA (~$165.6) under the 200‑day SMA (~$204.1), indicating recent downward momentum.

Shares of AppFolio, Inc. (NASDAQ:APPF - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $252.2857.

A number of equities research analysts have recently commented on the stock. UBS Group set a $210.00 price target on shares of AppFolio in a report on Friday, April 24th. Weiss Ratings cut shares of AppFolio from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday. DA Davidson cut their price target on shares of AppFolio from $325.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, January 30th. Piper Sandler cut their price target on shares of AppFolio from $245.00 to $210.00 and set an "overweight" rating on the stock in a report on Friday, April 24th. Finally, Benchmark increased their price target on shares of AppFolio from $222.00 to $226.00 and gave the company a "buy" rating in a report on Friday, April 24th.

AppFolio Stock Performance

Shares of APPF opened at $167.09 on Friday. The stock has a market cap of $6.01 billion, a PE ratio of 39.78 and a beta of 0.84. AppFolio has a fifty-two week low of $142.73 and a fifty-two week high of $326.04. The firm's 50-day simple moving average is $165.61 and its two-hundred day simple moving average is $204.10.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The software maker reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.47 by $0.14. The business had revenue of $262.21 million for the quarter, compared to analysts' expectations of $258.13 million. AppFolio had a net margin of 15.27% and a return on equity of 32.35%. The business's revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.21 earnings per share. Equities research analysts predict that AppFolio will post 5.04 EPS for the current year.

Insider Activity at AppFolio

In other news, CEO William Shane Trigg sold 6,963 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $169.73, for a total transaction of $1,181,829.99. Following the sale, the chief executive officer owned 52,920 shares in the company, valued at $8,982,111.60. This represents a 11.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Azzad Asset Management Inc. ADV lifted its position in AppFolio by 20.5% during the first quarter. Azzad Asset Management Inc. ADV now owns 4,471 shares of the software maker's stock valued at $706,000 after purchasing an additional 760 shares during the period. Granite Investment Partners LLC bought a new position in AppFolio during the first quarter valued at approximately $7,698,000. Oregon Public Employees Retirement Fund lifted its position in AppFolio by 7.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 4,926 shares of the software maker's stock valued at $777,000 after purchasing an additional 330 shares during the period. Quantum Portfolio Management LLC lifted its position in AppFolio by 5.7% during the first quarter. Quantum Portfolio Management LLC now owns 7,018 shares of the software maker's stock valued at $1,108,000 after purchasing an additional 378 shares during the period. Finally, Resonant Capital Advisors LLC bought a new position in AppFolio during the first quarter valued at approximately $333,000. Institutional investors own 85.19% of the company's stock.

AppFolio Company Profile

AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers.

In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms.

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