Equities analysts expect that AppFolio, Inc. (NASDAQ:APPF) will report earnings of $0.07 per share for the current quarter, according to Zacks. Two analysts have issued estimates for AppFolio’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.11. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, November 6th.

On average, analysts expect that AppFolio will report full-year earnings of $0.32 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.40. For the next financial year, analysts expect that the company will report earnings of $0.45 per share, with EPS estimates ranging from $0.32 to $0.69. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for AppFolio.

Several research firms recently weighed in on APPF. KeyCorp restated a “buy” rating on shares of AppFolio in a report on Friday, August 11th. Zacks Investment Research upgraded shares of AppFolio from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research note on Thursday, August 10th. BidaskClub cut shares of AppFolio from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 target price (up from $27.00) on shares of AppFolio in a research note on Tuesday, August 8th. Finally, Morgan Stanley boosted their target price on shares of AppFolio from $33.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. AppFolio currently has a consensus rating of “Buy” and an average price target of $42.67.

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In related news, major shareholder Marc Stad sold 2,227 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $36.75, for a total transaction of $81,842.25. Following the sale, the insider now directly owns 73,153 shares in the company, valued at approximately $2,688,372.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Global Fund Ii L.P. Dragoneer sold 503,300 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $35.79, for a total transaction of $18,013,107.00. Following the sale, the insider now owns 52,263 shares in the company, valued at $1,870,492.77. The disclosure for this sale can be found here. Over the last quarter, insiders sold 703,727 shares of company stock worth $25,265,825. Corporate insiders own 44.77% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in shares of AppFolio by 50,928.6% during the 2nd quarter. Sei Investments Co. now owns 3,572 shares of the software maker’s stock valued at $117,000 after buying an additional 3,565 shares in the last quarter. American International Group Inc. lifted its stake in shares of AppFolio by 7.2% during the 1st quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock valued at $127,000 after buying an additional 314 shares in the last quarter. UBS Group AG lifted its stake in shares of AppFolio by 232.9% during the 1st quarter. UBS Group AG now owns 5,187 shares of the software maker’s stock valued at $142,000 after buying an additional 3,629 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of AppFolio during the 2nd quarter valued at approximately $178,000. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of AppFolio during the 2nd quarter valued at approximately $214,000. Institutional investors own 21.27% of the company’s stock.

AppFolio (NASDAQ APPF) opened at $45.80 on Friday. The firm has a market capitalization of $1,553.12, a price-to-earnings ratio of 1,526.67 and a beta of 0.70.

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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