AppFolio, Inc. (NASDAQ:APPF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

AppFolio, Inc. (NASDAQ:APPF) has been assigned an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $276.29.

APPF has been the topic of several recent research reports. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target on the stock. in a research report on Friday, January 10th. William Blair restated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Keefe, Bruyette & Woods lowered shares of AppFolio from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. Piper Sandler reiterated a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. Finally, Stephens restated an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research note on Friday, January 31st.

Insider Transactions at AppFolio

In other news, CEO William Shane Trigg sold 4,145 shares of AppFolio stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $263.32, for a total value of $1,091,461.40. Following the transaction, the chief executive officer now directly owns 73,682 shares of the company’s stock, valued at $19,401,944.24. This trade represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Matthew S. Mazza sold 700 shares of AppFolio stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $255.50, for a total transaction of $178,850.00. Following the transaction, the insider now owns 27,566 shares in the company, valued at approximately $7,043,113. The trade was a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,590 shares of company stock valued at $4,544,279. Company insiders own 5.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APPF. Tidal Investments LLC boosted its stake in shares of AppFolio by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after acquiring an additional 40 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in AppFolio by 6.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock worth $158,000 after purchasing an additional 40 shares during the last quarter. Independent Advisor Alliance boosted its position in AppFolio by 2.1% during the fourth quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock worth $643,000 after purchasing an additional 53 shares during the period. Blue Trust Inc. grew its holdings in AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in AppFolio by 11.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock valued at $152,000 after purchasing an additional 65 shares during the last quarter. 85.19% of the stock is owned by hedge funds and other institutional investors.

AppFolio Price Performance

NASDAQ APPF opened at $218.50 on Wednesday. AppFolio has a 1-year low of $189.01 and a 1-year high of $274.56. The firm has a market capitalization of $7.94 billion, a P/E ratio of 39.37 and a beta of 0.88. The business’s 50-day simple moving average is $249.91 and its 200-day simple moving average is $233.84.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, equities research analysts expect that AppFolio will post 3.96 EPS for the current fiscal 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.