AppFolio, Inc. (NASDAQ:APPF) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of AppFolio, Inc. (NASDAQ:APPF - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $274.43.

APPF has been the topic of several recent analyst reports. Stephens reissued an "overweight" rating and set a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. Keefe, Bruyette & Woods dropped their price target on AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a report on Friday, April 25th. William Blair reissued an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler restated a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a research note on Wednesday, April 23rd. Finally, DA Davidson raised AppFolio to a "strong-buy" rating in a research report on Tuesday.

AppFolio Stock Up 0.1%

Shares of AppFolio stock opened at $212.43 on Friday. AppFolio has a 52 week low of $189.01 and a 52 week high of $274.56. The business has a 50 day moving average price of $216.93 and a 200-day moving average price of $231.20. The company has a market cap of $7.65 billion, a PE ratio of 38.28 and a beta of 0.99.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). The company had revenue of $217.70 million during the quarter, compared to analysts' expectations of $220.95 million. AppFolio had a net margin of 25.69% and a return on equity of 26.21%. The company's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share. As a group, research analysts anticipate that AppFolio will post 3.96 EPS for the current year.

Insider Activity

In related news, CEO William Shane Trigg sold 3,501 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now directly owns 83,824 shares in the company, valued at approximately $18,212,440.48. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.24% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of APPF. Exchange Traded Concepts LLC increased its position in AppFolio by 6.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker's stock valued at $158,000 after buying an additional 40 shares in the last quarter. Independent Advisor Alliance grew its stake in shares of AppFolio by 2.1% in the fourth quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker's stock worth $643,000 after acquiring an additional 53 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of AppFolio by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker's stock valued at $2,457,000 after acquiring an additional 60 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of AppFolio by 53.0% during the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock valued at $39,000 after acquiring an additional 62 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of AppFolio by 11.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker's stock worth $152,000 after purchasing an additional 65 shares during the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

About AppFolio

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.

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