Shares of AppFolio (NASDAQ:APPF) have received a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $48.67.
APPF has been the topic of a number of recent analyst reports. BidaskClub raised AppFolio from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research raised AppFolio from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Monday, April 2nd. ValuEngine raised AppFolio from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. TheStreet raised AppFolio from a “d+” rating to a “c” rating in a research note on Tuesday, May 1st. Finally, Morgan Stanley raised their price objective on AppFolio from $50.00 to $52.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 1st.
Shares of AppFolio traded up $0.70, reaching $54.80, during trading on Wednesday, MarketBeat Ratings reports. The company had a trading volume of 61,625 shares, compared to its average volume of 122,933. AppFolio has a one year low of $27.65 and a one year high of $58.40. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 195.71 and a beta of 0.60.
AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Monday, April 30th. The software maker reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.11. AppFolio had a return on equity of 16.05% and a net margin of 8.68%. The business had revenue of $42.34 million for the quarter, compared to the consensus estimate of $41.01 million. During the same period last year, the business earned $0.02 EPS. The firm’s revenue was up 31.8% compared to the same quarter last year. sell-side analysts predict that AppFolio will post 0.52 earnings per share for the current fiscal year.
In other AppFolio news, CFO Ida Kathleen Kane sold 5,000 shares of AppFolio stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at approximately $250,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William R. Rauth III sold 20,000 shares of AppFolio stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $44.42, for a total value of $888,400.00. Following the completion of the transaction, the director now directly owns 457 shares in the company, valued at $20,299.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,000 shares of company stock worth $1,413,400. Company insiders own 41.96% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC bought a new position in AppFolio in the 4th quarter worth approximately $169,000. Victory Capital Management Inc. bought a new position in AppFolio in the 1st quarter worth approximately $228,000. United Capital Financial Advisers LLC bought a new position in AppFolio in the 1st quarter worth approximately $332,000. AXA bought a new position in AppFolio in the 4th quarter worth approximately $369,000. Finally, Stone Ridge Asset Management LLC bought a new position in AppFolio in the 4th quarter worth approximately $372,000. 26.57% of the stock is currently owned by institutional investors.
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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