AppFolio Inc (NASDAQ:APPF) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $43.00.
Several research firms have recently commented on APPF. BidaskClub downgraded shares of AppFolio from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. Morgan Stanley increased their price target on shares of AppFolio from $38.00 to $46.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 14th. Zacks Investment Research raised shares of AppFolio from a “hold” rating to a “strong-buy” rating and set a $48.00 price target on the stock in a report on Thursday, November 9th. Finally, KeyCorp reissued a “hold” rating on shares of AppFolio in a report on Monday, November 6th.
Shares of AppFolio (APPF) opened at $40.65 on Thursday. The company has a market cap of $1,380.00 and a price-to-earnings ratio of 239.12. AppFolio has a twelve month low of $21.63 and a twelve month high of $52.25.
AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Monday, November 6th. The software maker reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $37.90 million for the quarter, compared to the consensus estimate of $36.16 million. AppFolio had a net margin of 4.37% and a return on equity of 7.91%. The firm’s revenue for the quarter was up 34.6% compared to the same quarter last year. analysts predict that AppFolio will post 0.25 EPS for the current year.
In related news, insider Jonathan Walker sold 30,000 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $44.58, for a total transaction of $1,337,400.00. Following the sale, the insider now directly owns 1,554,025 shares of the company’s stock, valued at $69,278,434.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet Kerr sold 1,576 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $43.08, for a total transaction of $67,894.08. Following the sale, the director now directly owns 17,189 shares in the company, valued at $740,502.12. The disclosure for this sale can be found here. Corporate insiders own 44.77% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its holdings in AppFolio by 50,928.6% during the second quarter. Sei Investments Co. now owns 3,572 shares of the software maker’s stock worth $117,000 after buying an additional 3,565 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in AppFolio during the second quarter valued at $178,000. Parametric Portfolio Associates LLC purchased a new position in AppFolio during the second quarter valued at $214,000. Cubist Systematic Strategies LLC purchased a new position in AppFolio during the third quarter valued at $236,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in AppFolio by 11.0% during the second quarter. The Manufacturers Life Insurance Company now owns 7,782 shares of the software maker’s stock valued at $254,000 after purchasing an additional 774 shares in the last quarter. 24.85% of the stock is currently owned by hedge funds and other institutional investors.
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AppFolio Company Profile
AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.
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