AppFolio Inc. (APPF) Given $15.00 Average Target Price by Brokerages
Shares of AppFolio Inc. (NASDAQ:APPF) have been assigned a consensus broker rating score of 2.33 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a 12-month consensus price target of $15.00 for the company and are anticipating that the company will post ($0.11) EPS for the current quarter, according to Zacks. Zacks has also assigned AppFolio an industry rank of 91 out of 265 based on the ratings given to its competitors.
Several research firms have issued reports on APPF. Credit Suisse Group AG began coverage on shares of AppFolio in a research note on Tuesday, August 9th. They issued 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 note on Friday, August 12th.
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Shares of AppFolio (NASDAQ:APPF) traded up 0.42% during mid-day trading on Wednesday, hitting $19.09. 634 shares of the company traded hands. The firm’s 50 day moving average price is $19.03 and its 200-day moving average price is $15.71. The stock’s market capitalization is $642.30 million. AppFolio has a 1-year low of $11.07 and a 1-year high of $19.98.
AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. AppFolio had a negative net margin of 16.11% and a negative return on equity of 20.16%. On average, equities research analysts forecast that AppFolio will post ($0.30) EPS for the current year.
In other news, major shareholder Keenan Capital, Llc sold 5,700 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $19.67, for a total transaction of $112,119.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan Walker sold 60,000 shares of the firm’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $18.00, for a total transaction of $1,080,000.00. Following the sale, the insider now owns 60,000 shares in the company, valued at approximately $1,080,000. The disclosure for this sale can be found here.
Several hedge funds have recently bought and sold shares of APPF. Geode Capital Management LLC boosted its stake in AppFolio by 7.1% in the first quarter. Geode Capital Management LLC now owns 41,614 shares of the company’s stock valued at $509,000 after buying an additional 2,758 shares during the period. State Street Corp boosted its stake in AppFolio by 4.7% in the second quarter. State Street Corp now owns 74,197 shares of the company’s stock valued at $1,074,000 after buying an additional 3,346 shares during the period. California State Teachers Retirement System boosted its stake in AppFolio by 32.5% in the second quarter. California State Teachers Retirement System now owns 15,938 shares of the company’s stock valued at $230,000 after buying an additional 3,912 shares during the period. Bank of New York Mellon Corp boosted its stake in AppFolio by 23.0% in the second quarter. Bank of New York Mellon Corp now owns 24,981 shares of the company’s stock valued at $361,000 after buying an additional 4,664 shares during the period. Finally, Teachers Advisors Inc. boosted its stake in AppFolio by 105.1% in the second quarter. Teachers Advisors Inc. now owns 12,077 shares of the company’s stock valued at $175,000 after buying an additional 6,190 shares during the period. Hedge funds and other institutional investors own 13.35% of the company’s stock.
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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