AppFolio, Inc. (NASDAQ:APPF) Receives $239.40 Average Price Target from Analysts

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) has been given an average recommendation of "Buy" by the six research firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is $239.40.

APPF has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of AppFolio from $228.00 to $237.00 and gave the company an "overweight" rating in a research report on Friday, January 26th. KeyCorp increased their target price on shares of AppFolio from $254.00 to $264.00 and gave the stock an "overweight" rating in a research report on Monday, March 18th. StockNews.com downgraded shares of AppFolio from a "buy" rating to a "hold" rating in a research report on Thursday, December 21st. Stephens reiterated an "overweight" rating and issued a $241.00 target price on shares of AppFolio in a research report on Friday, January 26th. Finally, BTIG Research initiated coverage on shares of AppFolio in a research report on Friday, January 19th. They issued a "buy" rating and a $215.00 target price for the company.

Insider Transactions at AppFolio

In other news, Director Olivia Nottebohm sold 989 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $241.75, for a total transaction of $239,090.75. Following the transaction, the director now owns 1,909 shares in the company, valued at approximately $461,500.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Olivia Nottebohm sold 989 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the transaction, the director now directly owns 1,909 shares in the company, valued at approximately $461,500.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Blottnitz Andreas Von sold 4,500 shares of the firm's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the completion of the transaction, the director now owns 5,449 shares in the company, valued at $1,234,525.44. The disclosure for this sale can be found here. Insiders have sold a total of 15,489 shares of company stock worth $3,531,011 in the last 90 days. 9.15% of the stock is owned by insiders.

Institutional Trading of AppFolio

Several hedge funds and other institutional investors have recently bought and sold shares of APPF. MetLife Investment Management LLC grew its position in AppFolio by 56.4% in the 1st quarter. MetLife Investment Management LLC now owns 9,835 shares of the software maker's stock worth $1,113,000 after purchasing an additional 3,545 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of AppFolio by 2.8% during the 1st quarter. Rhumbline Advisers now owns 19,928 shares of the software maker's stock worth $2,256,000 after acquiring an additional 535 shares during the period. Blair William & Co. IL lifted its holdings in shares of AppFolio by 2.3% during the 1st quarter. Blair William & Co. IL now owns 72,954 shares of the software maker's stock worth $8,259,000 after acquiring an additional 1,664 shares during the period. Ergoteles LLC bought a new position in shares of AppFolio during the 1st quarter worth about $228,000. Finally, Federated Hermes Inc. bought a new position in shares of AppFolio during the 1st quarter worth about $39,000. 62.34% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Trading Down 0.6 %

Shares of NASDAQ APPF traded down $1.31 during midday trading on Thursday, reaching $224.09. The company's stock had a trading volume of 131,707 shares, compared to its average volume of 316,003. The company has a 50 day moving average price of $232.70 and a 200 day moving average price of $202.43. AppFolio has a one year low of $123.36 and a one year high of $253.42. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 7,469.67 and a beta of 0.80.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The software maker reported $0.61 EPS for the quarter, beating the consensus estimate of $0.32 by $0.29. The business had revenue of $171.83 million during the quarter, compared to the consensus estimate of $162.80 million. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. Research analysts anticipate that AppFolio will post 2.66 earnings per share for the current fiscal year.

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.