AppFolio, Inc. (NASDAQ:APPF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of AppFolio, Inc. (NASDAQ:APPF) have earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $248.71.

APPF has been the topic of several research analyst reports. Stephens reissued an “overweight” rating and issued a $241.00 price objective on shares of AppFolio in a research note on Friday, April 26th. Piper Sandler initiated coverage on AppFolio in a research report on Monday, June 10th. They set an “overweight” rating and a $295.00 price target on the stock. Keefe, Bruyette & Woods upped their price objective on shares of AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Finally, KeyCorp increased their target price on shares of AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, April 26th.

AppFolio Trading Up 0.1 %

NASDAQ APPF opened at $232.13 on Tuesday. The stock has a market cap of $8.41 billion, a PE ratio of 112.14 and a beta of 0.80. AppFolio has a 12 month low of $162.32 and a 12 month high of $256.73. The company’s 50-day moving average price is $232.86 and its 200-day moving average price is $218.33.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, April 25th. The software maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. The business had revenue of $187.43 million for the quarter, compared to the consensus estimate of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. As a group, sell-side analysts forecast that AppFolio will post 2.85 earnings per share for the current year.

Insider Buying and Selling at AppFolio

In other AppFolio news, Director Alexander Wolf sold 10,000 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the completion of the sale, the director now directly owns 182,584 shares of the company’s stock, valued at $45,693,471.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other AppFolio news, Director Alexander Wolf sold 10,000 shares of AppFolio stock in a transaction on Monday, May 13th. The shares were sold at an average price of $250.26, for a total value of $2,502,600.00. Following the transaction, the director now directly owns 182,584 shares of the company’s stock, valued at $45,693,471.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew S. Mazza sold 2,131 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $249.46, for a total value of $531,599.26. Following the transaction, the insider now directly owns 43,680 shares in the company, valued at $10,896,412.80. The disclosure for this sale can be found here. Insiders have sold 101,575 shares of company stock worth $23,956,040 over the last quarter. Insiders own 9.15% of the company’s stock.

Institutional Investors Weigh In On AppFolio

A number of large investors have recently modified their holdings of the business. Zeno Equity Partners LLP purchased a new stake in shares of AppFolio during the fourth quarter valued at $30,000. Advisors Asset Management Inc. increased its holdings in shares of AppFolio by 291.3% in the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock valued at $44,000 after purchasing an additional 134 shares during the period. USA Financial Formulas acquired a new position in shares of AppFolio in the fourth quarter valued at about $59,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of AppFolio in the fourth quarter worth about $64,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of AppFolio during the fourth quarter worth about $85,000. Hedge funds and other institutional investors 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.