KeyCorp Comments on AppFolio's Q3 Earnings (NASDAQ:APPF)

Key Points

• KeyCorp raised its AppFolio Q3 2026 EPS forecast to $1.35 from $1.34 and maintained an “Overweight” rating. It estimates FY2026 and FY2027 EPS of $5.21 and $6.48, respectively.
• AppFolio’s latest reported quarter exceeded expectations, with EPS of $1.71 versus the $1.69 consensus and revenue of $281.12 million. Revenue increased 19.3% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus rating and an average price target of $249.75, although several firms recently downgraded the stock to “Hold” or “Neutral.”

AppFolio, Inc. (NASDAQ:APPF - Free Report) - Equities researchers at KeyCorp raised their Q3 2026 earnings estimates for AppFolio in a report released on Tuesday, October 13th. KeyCorp analyst J. Celino now expects that the software maker will post earnings per share of $1.35 for the quarter, up from their previous forecast of $1.34. KeyCorp has an "Overweight" rating on the stock. The consensus estimate for AppFolio's current full-year earnings is $5.18 per share. KeyCorp also issued estimates for AppFolio's FY2026 earnings at $5.21 EPS, Q3 2027 earnings at $1.70 EPS and FY2027 earnings at $6.48 EPS.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.02. AppFolio had a net margin of 15.13% and a return on equity of 32.42%. The company had revenue of $281.12 million for the quarter, compared to analyst estimates of $277.35 million. During the same quarter last year, the firm posted $1.38 earnings per share. The business's quarterly revenue was up 19.3% on a year-over-year basis.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of AppFolio from a "buy" rating to a "hold" rating in a research report on Sunday, July 26th. Guggenheim began coverage on AppFolio in a research note on Wednesday, July 22nd. They set a "buy" rating and a $232.00 target price for the company. Zacks Research lowered AppFolio from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 23rd. UBS Group cut AppFolio from a "buy" rating to a "neutral" rating and set a $220.00 price target on the stock. in a research note on Wednesday, October 7th. Finally, DA Davidson set a $240.00 price target on AppFolio in a report on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $249.75.

AppFolio Stock Performance

APPF opened at $212.13 on Monday. The company has a fifty day simple moving average of $210.83 and a 200 day simple moving average of $181.07. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 48.43 and a beta of 0.89. AppFolio has a twelve month low of $142.56 and a twelve month high of $265.02.

Institutional Investors Weigh In On AppFolio

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in AppFolio by 18.6% in the 3rd quarter. Versant Capital Management Inc now owns 536 shares of the software maker's stock worth $107,000 after buying an additional 84 shares in the last quarter. Parallel Advisors LLC increased its position in AppFolio by 25.1% in the 1st quarter. Parallel Advisors LLC now owns 703 shares of the software maker's stock valued at $111,000 after acquiring an additional 141 shares during the period. Optiver Holding B.V. increased its position in AppFolio by 827.8% in the 1st quarter. Optiver Holding B.V. now owns 167 shares of the software maker's stock valued at $26,000 after acquiring an additional 149 shares during the period. DGS Capital Management LLC increased its position in AppFolio by 5.8% in the 1st quarter. DGS Capital Management LLC now owns 2,883 shares of the software maker's stock valued at $455,000 after acquiring an additional 158 shares during the period. Finally, Chemistry Wealth Management LLC raised its stake in AppFolio by 10.4% during the 3rd quarter. Chemistry Wealth Management LLC now owns 2,074 shares of the software maker's stock valued at $416,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 85.19% of the company's stock.

Insider Buying and Selling

In other AppFolio news, CFO Timothy Eaton sold 373 shares of the stock in a transaction 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 directly owned 16,714 shares in the company, valued at $3,386,423.54. This represents a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Maurice J. Duca sold 2,656 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $221.85, for a total transaction of $589,233.60. Following the transaction, the insider 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. 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 141,817 shares of company stock valued at $27,942,484 in the last three months. Corporate insiders own 1.57% of the company's stock.

About AppFolio

AppFolio, Inc NASDAQ: APPF develops cloud-based software and technology solutions for the real estate industry. Its platform is designed primarily for property managers and real estate businesses, helping them manage operations, accounting, leasing, maintenance, communication, payments and other property-related workflows from a centralized system.

The company's offerings include AppFolio Property Manager and related services for residential, commercial and community association properties.

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