Appian Corporation (NASDAQ:APPN) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Appian Corporation (NASDAQ:APPN) has received a consensus rating of "Reduce" from eight analysts, with two analysts recommending a sell, five a hold, and one a buy.
• The company's recent quarterly earnings revealed an EPS of ($0.14), which missed analysts' expectations by $0.01, although revenue increased 16.5% year-over-year.
• Institutional investors have increased their stakes significantly, with PNC Financial Services boosting its stake by 89% in the second quarter.

Appian Corporation (NASDAQ:APPN - Get Free Report) has been given an average rating of "Reduce" by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $33.40.

APPN has been the subject of a number of research analyst reports. Zacks Research cut Appian from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 9th. Weiss Ratings restated a "sell (d-)" rating on shares of Appian in a report on Saturday, September 27th. Finally, DA Davidson initiated coverage on Appian in a report on Friday, August 8th. They set a "neutral" rating and a $30.00 price objective for the company.

Appian Stock Up 0.3%

Shares of NASDAQ APPN opened at $30.10 on Tuesday. The business's 50 day moving average price is $30.19 and its two-hundred day moving average price is $30.02. The company has a market cap of $2.23 billion, a PE ratio of -130.86 and a beta of 1.76. Appian has a twelve month low of $24.00 and a twelve month high of $43.33.

Appian (NASDAQ:APPN - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $170.64 million during the quarter, compared to the consensus estimate of $160.01 million. During the same period in the previous year, the company posted ($0.26) EPS. The firm'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. As a group, research analysts anticipate that Appian will post -0.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Appian

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of Appian by 89.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,198 shares of the company's stock valued at $36,000 after buying an additional 564 shares during the period. Concord Wealth Partners boosted its stake in shares of Appian by 21.7% in the first quarter. Concord Wealth Partners now owns 2,581 shares of the company's stock valued at $74,000 after buying an additional 461 shares during the period. Globeflex Capital L P bought a new stake in shares of Appian in the second quarter valued at approximately $90,000. Headlands Technologies LLC boosted its stake in shares of Appian by 2,052.0% in the first quarter. Headlands Technologies LLC now owns 4,218 shares of the company's stock valued at $122,000 after buying an additional 4,022 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Appian by 456.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the company's stock valued at $128,000 after buying an additional 3,513 shares during the period. 52.70% of the stock is currently owned by institutional investors.

Appian Company Profile

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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