AppFolio Inc. (NASDAQ:APPF) has been assigned an average broker rating score of 2.33 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokerages have set a 1-year consensus price objective of $15.00 for the company and are predicting that the company will post ($0.11) EPS for the current quarter, according to Zacks. Zacks has also assigned AppFolio an industry rank of 67 out of 265 based on the ratings given to its competitors.

A number of research firms have issued reports on APPF. Credit Suisse Group AG began coverage on shares of AppFolio in a research report on Tuesday, August 9th. They set a “hold” rating and a $18.00 target price on the stock. Zacks Investment Research upgraded shares of AppFolio from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Friday, August 12th.

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In related news, insider Jonathan Walker sold 60,000 shares of the stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $18.00, for a total value of $1,080,000.00. Following the sale, the insider now directly owns 60,000 shares in the company, valued at approximately $1,080,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Keenan Capital, Llc sold 5,700 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $19.67, for a total value of $112,119.00. The disclosure for this sale can be found here.

A number of hedge funds have recently bought and sold shares of APPF. Vanguard Group Inc. boosted its stake in AppFolio by 66.3% in the second quarter. Vanguard Group Inc. now owns 244,405 shares of the company’s stock worth $3,534,000 after buying an additional 97,398 shares during the last quarter. BlackRock Fund Advisors boosted its stake in AppFolio by 35.6% in the second quarter. BlackRock Fund Advisors now owns 196,806 shares of the company’s stock worth $2,846,000 after buying an additional 51,631 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in AppFolio during the first quarter worth about $267,000. State Street Corp boosted its stake in AppFolio by 33.2% in the first quarter. State Street Corp now owns 70,851 shares of the company’s stock worth $867,000 after buying an additional 17,652 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in AppFolio by 16.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 86,517 shares of the company’s stock worth $1,251,000 after buying an additional 12,349 shares during the last quarter. 13.35% of the stock is owned by institutional investors and hedge funds.

AppFolio (NASDAQ:APPF) traded up 2.53% during mid-day trading on Tuesday, reaching $19.47. 5,953 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $18.21 and a 200 day moving average price of $14.64. The company’s market cap is $655.09 million. AppFolio has a 52-week low of $11.07 and a 52-week high of $19.98.

AppFolio (NASDAQ:APPF) last released its earnings results on Monday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. AppFolio had a negative net margin of 16.11% and a negative return on equity of 20.16%. Equities analysts predict that AppFolio will post ($0.30) earnings per share for the current fiscal year.

About AppFolio

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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