AppFolio (APPF) Set to Announce Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF) will be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect AppFolio to post earnings of $1.02 per share for the quarter. AppFolio has set its FY 2024 guidance at EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, July 25th. The software maker reported $1.12 EPS for the quarter, topping the consensus estimate of $0.96 by $0.16. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The business had revenue of $197.38 million during the quarter, compared to analyst estimates of $190.57 million. During the same period last year, the business posted ($0.53) earnings per share. The company’s quarterly revenue was up 34.2% on a year-over-year basis. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Trading Up 0.7 %

Shares of NASDAQ APPF opened at $203.34 on Thursday. The stock has a market capitalization of $7.36 billion, a PE ratio of 98.23 and a beta of 0.81. AppFolio has a twelve month low of $164.29 and a twelve month high of $274.56. The stock has a fifty day simple moving average of $225.87 and a 200-day simple moving average of $232.62.

Insider Buying and Selling at AppFolio

In other news, major shareholder Maurice J. Duca sold 200 shares of AppFolio stock in a transaction on Monday, July 29th. The shares were sold at an average price of $232.52, for a total transaction of $46,504.00. Following the completion of the sale, the insider now directly owns 27,568 shares of the company’s stock, valued at approximately $6,410,111.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Maurice J. Duca sold 200 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $232.52, for a total value of $46,504.00. Following the transaction, the insider now owns 27,568 shares in the company, valued at approximately $6,410,111.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Maurice J. Duca sold 1,296 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $236.77, for a total value of $306,853.92. Following the sale, the insider now directly owns 9,383 shares in the company, valued at $2,221,612.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,941 shares of company stock valued at $8,327,162. Insiders own 9.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Piper Sandler Companies reaffirmed an “overweight” rating and issued a $300.00 target price on shares of AppFolio in a research report on Friday, July 26th. KeyCorp upped their target price on shares of AppFolio from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Piper Sandler increased their target price on shares of AppFolio from $295.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods downgraded shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $255.00 to $193.00 in a research note on Tuesday. Finally, StockNews.com cut AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $272.13.

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.