Shares of AppFolio, Inc. (NASDAQ:APPF) have earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $43.00.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price target on shares of AppFolio from $38.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of AppFolio from a “hold” rating to a “strong-buy” rating and set a $48.00 price target for the company in a research report on Thursday, November 9th. KeyCorp reiterated a “hold” rating on shares of AppFolio in a research report on Monday, November 6th. Finally, BidaskClub upgraded shares of AppFolio from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th.

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In other AppFolio news, insider Jonathan Walker sold 30,000 shares of AppFolio stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $44.58, for a total value of $1,337,400.00. Following the completion of the sale, the insider now directly owns 1,554,025 shares of the company’s stock, valued at approximately $69,278,434.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet Kerr sold 1,576 shares of AppFolio stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $43.08, for a total transaction of $67,894.08. Following the completion of the sale, the director now directly owns 17,189 shares of the company’s stock, valued at $740,502.12. The disclosure for this sale can be found here. Company insiders own 44.77% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in AppFolio by 18.0% in the 2nd quarter. Vanguard Group Inc. now owns 455,942 shares of the software maker’s stock worth $14,864,000 after acquiring an additional 69,664 shares during the period. Glynn Capital Management LLC grew its stake in AppFolio by 39.5% in the 3rd quarter. Glynn Capital Management LLC now owns 348,804 shares of the software maker’s stock worth $16,725,000 after acquiring an additional 98,804 shares during the period. Hood River Capital Management LLC purchased a new stake in AppFolio in the 3rd quarter worth approximately $11,494,000. Laurion Capital Management LP purchased a new stake in AppFolio in the 2nd quarter worth approximately $7,075,000. Finally, Wells Fargo & Company MN grew its stake in AppFolio by 813.6% in the 3rd quarter. Wells Fargo & Company MN now owns 171,069 shares of the software maker’s stock worth $8,201,000 after acquiring an additional 152,345 shares during the period. 24.18% of the stock is owned by hedge funds and other institutional investors.

Shares of AppFolio (NASDAQ APPF) opened at $44.70 on Wednesday. AppFolio has a 12-month low of $20.46 and a 12-month high of $52.25. The stock has a market cap of $1,520.00 and a P/E ratio of 272.81.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Monday, November 6th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. AppFolio had a net margin of 4.37% and a return on equity of 7.91%. The company had revenue of $37.90 million during the quarter, compared to the consensus estimate of $36.16 million. AppFolio’s revenue was up 34.6% on a year-over-year basis. research analysts expect that AppFolio will post 0.25 EPS for the current year.

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)

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