AppFolio (APPF) Set to Announce Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF - Get Free Report) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The software maker reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.29. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. The company had revenue of $171.83 million during the quarter, compared to the consensus estimate of $162.80 million. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Stock Down 2.0 %

NASDAQ:APPF traded down $4.23 during midday trading on Thursday, hitting $212.49. The company had a trading volume of 244,115 shares, compared to its average volume of 308,472. The company has a market capitalization of $7.62 billion, a PE ratio of 7,085.36 and a beta of 0.80. AppFolio has a 52-week low of $123.36 and a 52-week high of $253.42. The stock's fifty day moving average price is $231.35 and its 200-day moving average price is $203.72.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Fred Alger Management LLC lifted its stake in shares of AppFolio by 623.8% in the 4th quarter. Fred Alger Management LLC now owns 497,164 shares of the software maker's stock valued at $52,391,000 after purchasing an additional 428,479 shares during the period. Norges Bank bought a new stake in shares of AppFolio during the 4th quarter valued at $17,253,000. Nellore Capital Management LLC purchased a new stake in shares of AppFolio in the 1st quarter worth about $16,069,000. Morgan Stanley increased its stake in shares of AppFolio by 97.4% in the 3rd quarter. Morgan Stanley now owns 206,803 shares of the software maker's stock worth $37,768,000 after acquiring an additional 102,025 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of AppFolio by 495.1% in the 2nd quarter. Renaissance Technologies LLC now owns 108,900 shares of the software maker's stock worth $9,871,000 after acquiring an additional 90,600 shares in the last quarter. 62.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APPF has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on AppFolio from $228.00 to $237.00 and gave the company an "overweight" rating in a report on Friday, January 26th. KeyCorp lifted their price target on shares of AppFolio from $254.00 to $264.00 and gave the stock an "overweight" rating in a research note on Monday, March 18th. BTIG Research began coverage on shares of AppFolio in a research note on Friday, January 19th. They issued a "buy" rating and a $215.00 price objective for the company. 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, StockNews.com downgraded shares of AppFolio from a "buy" rating to a "hold" rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $239.40.

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.