DA Davidson Issues Negative Forecast for AppFolio Earnings

AppFolio, Inc. (NASDAQ:APPF - Free Report) - Equities researchers at DA Davidson dropped their Q1 2025 earnings estimates for shares of AppFolio in a note issued to investors on Tuesday, April 15th. DA Davidson analyst G. Luria now expects that the software maker will post earnings per share of $0.89 for the quarter, down from their previous forecast of $0.91. DA Davidson has a "Buy" rating and a $275.00 price target on the stock. The consensus estimate for AppFolio's current full-year earnings is $3.96 per share. DA Davidson also issued estimates for AppFolio's FY2025 earnings at $3.71 EPS and FY2026 earnings at $4.37 EPS.

Other equities research analysts also recently issued research reports about the company. William Blair reaffirmed an "outperform" rating on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price on the stock. in a research report on Friday, January 10th. Stephens reissued an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a report on Friday, January 31st. Finally, Piper Sandler reiterated a "neutral" rating and issued a $265.00 target price on shares of AppFolio in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $272.71.

AppFolio Trading Down 4.4 %

Shares of NASDAQ:APPF traded down $9.55 on Wednesday, reaching $209.23. 69,625 shares of the company's stock were exchanged, compared to its average volume of 263,946. AppFolio has a twelve month low of $189.01 and a twelve month high of $274.56. The company has a fifty day moving average of $217.92 and a 200-day moving average of $231.26. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 37.70 and a beta of 0.86.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%.

Insider Activity at AppFolio

In other AppFolio news, Director Alexander Wolf purchased 9,678 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the acquisition, the director now owns 3,226 shares in the company, valued at approximately $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew S. Mazza sold 838 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the transaction, the insider now owns 22,701 shares of the company's stock, valued at $5,795,565.30. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AppFolio

Several hedge funds have recently bought and sold shares of APPF. Colonial Trust Co SC purchased a new position in AppFolio during the 4th quarter valued at about $28,000. UMB Bank n.a. increased its holdings in shares of AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock valued at $41,000 after acquiring an additional 110 shares during the period. Fifth Third Bancorp raised its position in shares of AppFolio by 53.0% in the 1st quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock worth $39,000 after acquiring an additional 62 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in AppFolio during the fourth quarter valued at about $50,000. Finally, Versant Capital Management Inc boosted its position in AppFolio by 4,975.0% during the first quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock valued at $45,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 85.19% of the company's stock.

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.