AppFolio (NASDAQ:APPF) Rating Reiterated by Stephens

AppFolio (NASDAQ:APPF - Get Free Report)'s stock had its "overweight" rating restated by equities research analysts at Stephens in a report released on Friday, Benzinga reports. They presently have a $241.00 price target on the software maker's stock. Stephens' price target points to a potential downside of 0.72% from the stock's current price.

Several other research analysts have also recently weighed in on APPF. BTIG Research assumed coverage on AppFolio in a research report on Friday, January 19th. They set a "buy" rating and a $215.00 price target for the company. KeyCorp raised their price objective on AppFolio from $264.00 to $275.00 and gave the company an "overweight" rating in a report on Friday. Keefe, Bruyette & Woods raised their price objective on AppFolio from $215.00 to $238.00 and gave the company a "market perform" rating in a report on Friday. Finally, 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, AppFolio currently has a consensus rating of "Moderate Buy" and an average target price of $241.00.

AppFolio Stock Up 12.0 %

Shares of NASDAQ:APPF traded up $26.10 during trading on Friday, hitting $242.75. The stock had a trading volume of 714,917 shares, compared to its average volume of 313,877. The stock has a 50-day simple moving average of $229.89 and a two-hundred day simple moving average of $204.61. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 8,062.02 and a beta of 0.80. AppFolio has a 12-month low of $123.36 and a 12-month high of $256.73.

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

Insider Transactions at AppFolio

In other news, Director Blottnitz Andreas Von sold 4,500 shares of AppFolio stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $226.56, for a total value of $1,019,520.00. Following the sale, the director now directly owns 5,449 shares of the company's stock, valued at $1,234,525.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the business's stock in a transaction on 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 of the company's stock, valued at $1,234,525.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy K. Bliss sold 10,000 shares of the business's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $227.24, for a total value of $2,272,400.00. Following the transaction, the director now directly owns 51,070 shares in the company, valued at approximately $11,605,146.80. The disclosure for this sale can be found here. Insiders have sold 15,489 shares of company stock valued at $3,531,011 over the last ninety days. Insiders own 9.15% of the company's stock.

Hedge Funds Weigh In On AppFolio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in AppFolio by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,078,661 shares of the software maker's stock worth $360,107,000 after buying an additional 76,934 shares during the last quarter. Fred Alger Management LLC raised its position in AppFolio by 12.2% in the third quarter. Fred Alger Management LLC now owns 572,007 shares of the software maker's stock valued at $104,466,000 after purchasing an additional 62,347 shares during the period. Gilder Gagnon Howe & Co. LLC raised its position in AppFolio by 3.8% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 421,309 shares of the software maker's stock valued at $72,988,000 after purchasing an additional 15,283 shares during the period. Norges Bank purchased a new stake in AppFolio in the fourth quarter valued at $38,458,000. Finally, Zeno Equity Partners LLP raised its position in AppFolio by 6.6% in the first quarter. Zeno Equity Partners LLP now owns 205,781 shares of the software maker's stock valued at $50,774,000 after purchasing an additional 12,786 shares during the period. Institutional investors and hedge funds own 62.34% 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.