AppFolio (NASDAQ:APPF) Given Buy Rating at DA Davidson

Key Points

• DA Davidson has restated its "buy" rating for AppFolio (NASDAQ:APPF) with a target price of $350.00, indicating a potential upside of 9.67% from the current price.
• AppFolio shares experienced a 19.4% increase on Friday, reaching $319.15, while its market capitalization stands at $11.50 billion.
• Analysts have rated AppFolio with a consensus of "Moderate Buy" and a target price average of $303.00, with multiple upgrades from various firms recently.

AppFolio (NASDAQ:APPF - Get Free Report)'s stock had its "buy" rating restated by stock analysts at DA Davidson in a report released on Friday,Benzinga reports. They currently have a $350.00 target price on the software maker's stock. DA Davidson's price objective points to a potential upside of 11.62% from the stock's previous close. DA Davidson also issued estimates for AppFolio's Q3 2025 earnings at $1.07 EPS, FY2025 earnings at $3.92 EPS and FY2026 earnings at $4.66 EPS.

A number of other equities research analysts have also weighed in on the company. Keefe, Bruyette & Woods raised AppFolio from an "underperform" rating to a "market perform" rating and lifted their price objective for the company from $205.00 to $267.00 in a report on Thursday, July 31st. Piper Sandler raised shares of AppFolio from a "neutral" rating to an "overweight" rating and increased their target price for the company from $240.00 to $350.00 in a report on Friday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AppFolio has an average rating of "Moderate Buy" and a consensus price target of $303.00.

AppFolio Stock Down 2.4%

NASDAQ:APPF traded down $7.69 during mid-day trading on Friday, reaching $313.57. 194,041 shares of the stock were exchanged, compared to its average volume of 310,584. The company has a 50 day simple moving average of $238.11 and a 200-day simple moving average of $226.95. The stock has a market capitalization of $11.30 billion, a P/E ratio of 56.65 and a beta of 0.95. AppFolio has a 1 year low of $189.01 and a 1 year high of $326.04.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $1.38 EPS for the quarter, beating the consensus estimate of $1.27 by $0.11. The firm had revenue of $235.58 million during the quarter, compared to the consensus estimate of $230.10 million. AppFolio had a return on equity of 26.32% and a net margin of 23.54%. The firm's revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.12 EPS. As a group, research analysts predict that AppFolio will post 3.96 EPS for the current year.

Insider Buying and Selling at AppFolio

In other news, Director Robert Donald Casey III purchased 4,000 shares of the stock in a transaction dated Friday, June 6th. The stock was acquired at an average cost of $217.73 per share, for a total transaction of $870,920.00. Following the completion of the acquisition, the director directly owned 27,856 shares in the company, valued at $6,065,086.88. This represents a 16.77% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Klaus Schauser sold 3,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $295.14, for a total transaction of $885,420.00. Following the transaction, the insider owned 300,000 shares in the company, valued at approximately $88,542,000. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 18,500 shares of company stock valued at $4,024,220 and sold 14,639 shares valued at $3,433,222. 4.68% of the stock is owned by corporate insiders.

Institutional Trading of AppFolio

A number of institutional investors and hedge funds have recently bought and sold shares of APPF. American Century Companies Inc. increased its position in AppFolio by 16.4% during the 4th quarter. American Century Companies Inc. now owns 4,693 shares of the software maker's stock worth $1,158,000 after purchasing an additional 661 shares in the last quarter. Norges Bank purchased a new stake in shares of AppFolio during the 4th quarter valued at about $68,037,000. Pictet Asset Management Holding SA raised its holdings in shares of AppFolio by 15.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,133 shares of the software maker's stock valued at $773,000 after buying an additional 417 shares during the period. Alliancebernstein L.P. raised its holdings in shares of AppFolio by 11.4% during the 4th quarter. Alliancebernstein L.P. now owns 30,749 shares of the software maker's stock valued at $7,586,000 after buying an additional 3,142 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of AppFolio by 8.8% during the 4th quarter. Franklin Resources Inc. now owns 248,850 shares of the software maker's stock valued at $61,396,000 after buying an additional 20,195 shares during the period. Institutional investors and hedge funds own 85.19% of the company's stock.

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.