Appian Corporation (NASDAQ:APPN) Given Average Rating of "Hold" by Analysts

Key Points

• Appian Corporation has received a consensus rating of "Hold" from analysts, with one sell recommendation, five holds, and one buy recommendation, reflecting differing views on the stock's potential.
• The average one-year price target for Appian stock, according to brokers, is $33.40, indicating some optimism for future growth despite recent downgrades.
• Appian reported a 16.5% increase in revenue year-over-year for the last quarter, but missed earnings expectations, posting a loss of ($0.14) per share versus an expected loss of ($0.13).

Appian Corporation (NASDAQ:APPN - Get Free Report) has received a consensus rating of "Hold" from the seven ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $33.40.

A number of analysts recently issued reports on the company. Zacks Research cut Appian from a "strong-buy" rating to a "hold" rating in a report on Tuesday. DA Davidson initiated coverage on Appian in a research report on Friday, August 8th. They set a "neutral" rating and a $30.00 price target on the stock.

Institutional Trading of Appian

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Appian by 347,121.5% in the 1st quarter. Jones Financial Companies Lllp now owns 1,579,858 shares of the company's stock valued at $45,516,000 after purchasing an additional 1,579,403 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Appian by 211.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 690,788 shares of the company's stock worth $20,627,000 after purchasing an additional 469,259 shares during the period. Marshall Wace LLP raised its position in shares of Appian by 150.8% in the second quarter. Marshall Wace LLP now owns 609,354 shares of the company's stock worth $18,195,000 after buying an additional 366,349 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in Appian by 70.2% during the second quarter. Qube Research & Technologies Ltd now owns 496,741 shares of the company's stock valued at $14,833,000 after buying an additional 204,925 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Appian by 2.2% during the first quarter. Goldman Sachs Group Inc. now owns 385,731 shares of the company's stock valued at $11,113,000 after buying an additional 8,319 shares during the period. Institutional investors own 52.70% of the company's stock.

Appian Trading Up 1.5%

APPN opened at $31.50 on Friday. The company has a 50 day moving average of $29.61 and a 200 day moving average of $29.99. The company has a market cap of $2.33 billion, a PE ratio of -136.95 and a beta of 1.71. Appian has a 12 month low of $24.00 and a 12 month high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The business had revenue of $170.64 million for the quarter, compared to analyst estimates of $160.01 million. During the same quarter last year, the firm earned ($0.26) earnings per share. Appian's revenue for the quarter was up 16.5% on a year-over-year basis. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. Research analysts forecast that Appian will post -0.28 earnings per share for the current fiscal year.

About Appian

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.

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