AppFolio, Inc. (NASDAQ:APPF) has earned a consensus rating of “Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $38.33.

Several equities research analysts recently commented on APPF shares. KeyCorp reaffirmed a “buy” rating on shares of AppFolio in a report on Friday, August 11th. Zacks Investment Research raised AppFolio from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a report on Thursday, August 10th. BidaskClub cut AppFolio from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 price target (up previously from $27.00) on shares of AppFolio in a report on Tuesday, August 8th. Finally, Morgan Stanley increased their price target on AppFolio from $33.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th.

In other AppFolio news, major shareholder Marc Stad sold 400,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $30.00, for a total transaction of $12,000,000.00. Following the completion of the sale, the insider now owns 25,780 shares of the company’s stock, valued at $773,400. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William E. Oberndorf sold 220,000 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $31.25, for a total value of $6,875,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,792,438 shares of company stock valued at $59,759,525. Insiders own 44.77% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Blair William & Co. IL increased its stake in AppFolio by 3.6% during the first quarter. Blair William & Co. IL now owns 109,040 shares of the software maker’s stock worth $2,710,000 after acquiring an additional 3,775 shares during the last quarter. Geode Capital Management LLC increased its stake in AppFolio by 12.0% during the first quarter. Geode Capital Management LLC now owns 88,033 shares of the software maker’s stock worth $2,394,000 after acquiring an additional 9,458 shares during the last quarter. Vanguard Group Inc. increased its stake in AppFolio by 25.3% during the first quarter. Vanguard Group Inc. now owns 386,278 shares of the software maker’s stock worth $10,507,000 after acquiring an additional 78,048 shares during the last quarter. First Quadrant L P CA acquired a new stake in AppFolio during the second quarter worth $225,000. Finally, Spark Investment Management LLC acquired a new stake in AppFolio during the first quarter worth $388,000. 20.88% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/08/appfolio-inc-appf-given-consensus-recommendation-of-buy-by-brokerages.html.

Shares of AppFolio (APPF) opened at 44.70 on Friday. The firm has a 50-day moving average price of $38.57 and a 200-day moving average price of $30.76. The company has a market cap of $1.52 billion, a P/E ratio of 1441.94 and a beta of 0.73. AppFolio has a 1-year low of $17.91 and a 1-year high of $44.75.

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.

Analyst Recommendations for AppFolio (NASDAQ:APPF)

Receive News & Ratings for AppFolio Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio Inc. and related companies with MarketBeat.com's FREE daily email newsletter.