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

AppFolio, Inc. (NASDAQ:APPF) has earned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $261.75.

APPF has been the subject of several research analyst reports. Piper Sandler decreased their price target on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. KeyCorp decreased their price target on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Piper Sandler Companies restated an “overweight” rating and set a $300.00 price target on shares of AppFolio in a research note on Friday, July 26th. DA Davidson raised their price objective on shares of AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, StockNews.com downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd.

Insider Buying and Selling at AppFolio

In other AppFolio news, major shareholder Maurice J. Duca sold 2,968 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $234.87, for a total value of $697,094.16. Following the completion of the transaction, the insider now directly owns 24,500 shares of the company’s stock, valued at $5,754,315. This trade represents a 10.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew S. Mazza sold 926 shares of AppFolio stock in a transaction on Monday, November 11th. The stock was sold at an average price of $229.04, for a total transaction of $212,091.04. Following the sale, the insider now directly owns 33,819 shares of the company’s stock, valued at $7,745,903.76. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,865 shares of company stock valued at $5,799,618 in the last three months. Company insiders own 5.24% of the company’s stock.

Institutional Trading of AppFolio

A number of hedge funds have recently made changes to their positions in APPF. US Bancorp DE lifted its holdings in shares of AppFolio by 200.8% during the 1st quarter. US Bancorp DE now owns 1,444 shares of the software maker’s stock worth $356,000 after acquiring an additional 964 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in AppFolio by 17.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 6,456 shares of the software maker’s stock valued at $1,593,000 after buying an additional 970 shares during the period. Vanguard Group Inc. boosted its position in AppFolio by 3.6% during the first quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker’s stock valued at $531,139,000 after buying an additional 73,965 shares during the period. American International Group Inc. boosted its position in AppFolio by 280.7% during the first quarter. American International Group Inc. now owns 36,367 shares of the software maker’s stock valued at $8,973,000 after buying an additional 26,815 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its position in AppFolio by 11.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 41,488 shares of the software maker’s stock valued at $10,243,000 after buying an additional 4,131 shares during the period. 62.34% of the stock is owned by institutional investors.

AppFolio Stock Performance

NASDAQ:APPF opened at $236.47 on Friday. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 65.87 and a beta of 0.83. AppFolio has a 52 week low of $164.29 and a 52 week high of $274.56. The firm has a 50-day moving average price of $222.54 and a two-hundred day moving average price of $231.07.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The company had revenue of $206.00 million during the quarter, compared to analyst estimates of $199.11 million. During the same quarter last year, the business posted $0.26 EPS. AppFolio’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, sell-side analysts forecast that AppFolio will post 3.23 earnings per share for the current year.

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.