AppFolio, Inc. (NASDAQ:APPF) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analyst sentiment is moderately bullish: Twelve analysts give AppFolio a consensus “Moderate Buy” rating, with nine buys, two holds and one strong buy. The average 12-month price target is $246.62 versus a share price of $204.22.
• AppFolio exceeded quarterly expectations: The company reported adjusted EPS of $1.71 versus the $1.69 consensus estimate and revenue of $281.12 million, up 19.3% year over year and ahead of expectations.
• Insiders have been selling shares: Insiders sold 176,217 shares worth approximately $34.2 million over the past 90 days, including sales by a major shareholder and the CFO under pre-arranged Rule 10b5-1 plans.

Shares of AppFolio, Inc. (NASDAQ:APPF - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $246.62.

APPF has been the topic of several analyst reports. Weiss Ratings upgraded AppFolio from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. DA Davidson set a $225.00 price target on AppFolio in a research note on Friday, July 24th. Zacks Research lowered AppFolio from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 23rd. KeyCorp lifted their price objective on shares of AppFolio from $255.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, September 17th. Finally, Guggenheim assumed coverage on shares of AppFolio in a report on Wednesday, July 22nd. They issued a "buy" rating and a $232.00 price objective for the company.

AppFolio Price Performance

Shares of APPF stock opened at $204.22 on Monday. The company has a market cap of $7.23 billion, a P/E ratio of 46.63 and a beta of 0.85. The business has a 50 day moving average of $204.18 and a two-hundred day moving average of $177.34. AppFolio has a 52 week low of $142.56 and a 52 week high of $283.14.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.02. AppFolio had a return on equity of 32.42% and a net margin of 15.13%.The firm had revenue of $281.12 million during the quarter, compared to the consensus estimate of $277.35 million. During the same period in the prior year, the business earned $1.38 EPS. The firm's revenue was up 19.3% on a year-over-year basis. Analysts expect that AppFolio will post 5.17 EPS for the current fiscal year.

Insider Transactions at AppFolio

In other news, major shareholder Maurice Duca sold 2,656 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $221.85, for a total value of $589,233.60. Following the completion of the transaction, the insider directly owned 8,000 shares in the company, valued at $1,774,800. This trade represents a 24.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Timothy Eaton sold 373 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $202.61, for a total transaction of $75,573.53. Following the transaction, the chief financial officer owned 16,714 shares in the company, valued at $3,386,423.54. This represents a 2.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 176,217 shares of company stock worth $34,157,323 over the last 90 days. 1.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of AppFolio by 101.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 111 shares of the software maker's stock worth $26,000 after purchasing an additional 56 shares during the last quarter. Optiver Holding B.V. lifted its stake in AppFolio by 827.8% during the first quarter. Optiver Holding B.V. now owns 167 shares of the software maker's stock valued at $26,000 after purchasing an additional 149 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in AppFolio during the second quarter valued at approximately $36,000. Versant Capital Management Inc boosted its holdings in AppFolio by 169.0% during the second quarter. Versant Capital Management Inc now owns 452 shares of the software maker's stock worth $72,000 after buying an additional 284 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in AppFolio by 19.5% during the fourth quarter. Huntington National Bank now owns 404 shares of the software maker's stock worth $94,000 after buying an additional 66 shares in the last quarter. Institutional investors own 85.19% of the company's stock.

AppFolio Company Profile

AppFolio, Inc provides cloud-based software and technology solutions for the real estate industry. Its platform is designed to help property managers and real estate businesses manage core operations, including accounting, leasing, maintenance, communications, payments, reporting and resident services.

The company's AppFolio Property Manager platform serves a range of property types, including residential, commercial, student housing and community associations. AppFolio also offers solutions for real estate investment management, along with workflow automation, data and reporting tools, online payment processing and other services intended to help customers operate more efficiently and improve the experience for owners, residents and tenants.

AppFolio was founded in 2006 and is headquartered in Santa Barbara, California.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.