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

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $274.43.

A number of equities research analysts have recently weighed in on APPF shares. Piper Sandler restated a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a report on Wednesday, April 23rd. Keefe, Bruyette & Woods reduced their target price on AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Finally, DA Davidson raised AppFolio to a "strong-buy" rating in a research note on Tuesday, May 13th.

AppFolio Stock Up 1.3%

Shares of NASDAQ APPF opened at $235.58 on Friday. The company has a market cap of $8.49 billion, a P/E ratio of 43.95 and a beta of 0.88. The business has a 50-day simple moving average of $218.44 and a two-hundred day simple moving average of $226.03. AppFolio has a 52 week low of $189.01 and a 52 week high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). AppFolio had a net margin of 23.87% and a return on equity of 25.83%. The business had revenue of $217.70 million for the quarter, compared to the consensus estimate of $220.95 million. During the same quarter last year, the business posted $1.05 EPS. The business's revenue was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that AppFolio will post 3.96 EPS for the current year.

Insider Transactions at AppFolio

In related news, insider Elizabeth Erin Barat sold 4,682 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $227.79, for a total transaction of $1,066,512.78. Following the sale, the insider directly owned 17,926 shares of the company's stock, valued at $4,083,363.54. This trade represents a 20.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Timothy Mathias Eaton sold 1,057 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $221.13, for a total value of $233,734.41. Following the sale, the chief financial officer directly owned 7,176 shares in the company, valued at $1,586,828.88. This trade represents a 12.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders bought 18,500 shares of company stock valued at $4,024,220 and sold 11,639 shares valued at $2,547,802. Insiders own 4.68% of the company's stock.

Institutional Investors Weigh In On AppFolio

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in AppFolio by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker's stock valued at $615,696,000 after acquiring an additional 91,174 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in AppFolio by 84.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 773,579 shares of the software maker's stock valued at $170,110,000 after purchasing an additional 354,061 shares during the period. AQR Capital Management LLC increased its stake in AppFolio by 43.2% in the 4th quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker's stock worth $161,756,000 after acquiring an additional 197,700 shares during the last quarter. FMR LLC increased its stake in AppFolio by 881.2% in the 4th quarter. FMR LLC now owns 597,485 shares of the software maker's stock worth $147,411,000 after acquiring an additional 536,591 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in AppFolio by 4.7% in the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker's stock worth $141,350,000 after acquiring an additional 25,566 shares during the last quarter. 85.19% of the stock is 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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