AppFolio (NASDAQ:APPF) is scheduled to release its earnings data after the market closes on Monday, August 3rd. Analysts expect AppFolio to post earnings of $0.14 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Monday, May 4th. The software maker reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). AppFolio had a return on equity of 27.61% and a net margin of 12.73%. The company had revenue of $72.50 million during the quarter, compared to the consensus estimate of $72.50 million. On average, analysts expect AppFolio to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of APPF stock opened at $139.22 on Friday. The company has a 50 day moving average price of $154.57 and a 200-day moving average price of $129.80. AppFolio has a 52 week low of $81.01 and a 52 week high of $180.56. The firm has a market capitalization of $4.77 billion, a PE ratio of 143.53 and a beta of 1.05. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 1.04.
In other AppFolio news, CFO Ida Kathleen Kane sold 5,000 shares of AppFolio stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $108.25, for a total transaction of $541,250.00. Following the transaction, the chief financial officer now owns 5,000 shares of the company’s stock, valued at $541,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Rauth III sold 19,647 shares of AppFolio stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $112.16, for a total transaction of $2,203,607.52. Following the transaction, the director now directly owns 40,000 shares in the company, valued at approximately $4,486,400. The disclosure for this sale can be found here. Insiders have sold 139,398 shares of company stock worth $20,141,487 in the last ninety days. Insiders own 41.99% of the company’s stock.
APPF has been the topic of a number of research reports. DA Davidson downgraded shares of AppFolio from a “neutral” rating to an “underperform” rating and set a $88.00 price objective on the stock. in a report on Monday, May 4th. Zacks Investment Research raised shares of AppFolio from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a report on Thursday, June 4th. William Blair downgraded shares of AppFolio from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 27th. They noted that the move was a valuation call. BidaskClub downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a report on Friday, July 24th. Finally, TheStreet raised shares of AppFolio from a “c+” rating to a “b-” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $140.50.
AppFolio Company Profile
AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.
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