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

Shares of AppFolio, Inc. (NASDAQ:APPF) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $276.29.

A number of equities analysts recently commented on APPF shares. Piper Sandler reissued a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research note on Friday, January 31st. Stephens reaffirmed an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a report on Friday, January 10th. Finally, William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st.

AppFolio Stock Performance

APPF stock opened at $225.50 on Thursday. The company’s fifty day moving average price is $226.53 and its 200-day moving average price is $232.46. AppFolio has a one year low of $189.01 and a one year high of $274.56. The company has a market capitalization of $8.21 billion, a PE ratio of 40.63 and a beta of 0.89.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, research analysts predict that AppFolio will post 3.96 EPS for the current fiscal year.

Insider Activity at AppFolio

In related news, CEO William Shane Trigg sold 3,501 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the transaction, the chief executive officer now directly owns 83,824 shares in the company, valued at approximately $18,212,440.48. This represents a 4.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alexander Wolf acquired 9,678 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the purchase, the director now owns 3,226 shares of the company’s stock, valued at $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.24% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AppFolio

Large investors have recently bought and sold shares of the business. Colonial Trust Co SC bought a new stake in shares of AppFolio during the fourth quarter worth $28,000. UMB Bank n.a. increased its stake in AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after buying an additional 110 shares during the period. Arcadia Investment Management Corp MI bought a new stake in AppFolio during the 4th quarter valued at about $50,000. Aster Capital Management DIFC Ltd boosted its position in AppFolio by 10,300.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock valued at $51,000 after buying an additional 206 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in AppFolio by 1,485.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock worth $55,000 after acquiring an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 85.19% 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.