Shares of AppFolio Inc (NASDAQ:APPF) have received a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $56.00.
APPF has been the topic of several recent analyst reports. BidaskClub lowered AppFolio from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 18th. TheStreet upgraded AppFolio from a “c” rating to a “b-” rating in a research note on Monday, June 25th. Zacks Investment Research lowered AppFolio from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, Morgan Stanley lifted their price target on AppFolio from $52.00 to $56.00 and gave the company a “sell” rating in a research note on Tuesday, July 31st.
In other news, insider Jonathan Walker sold 30,000 shares of AppFolio stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $73.03, for a total value of $2,190,900.00. Following the transaction, the insider now owns 30,000 shares in the company, valued at approximately $2,190,900. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 41.96% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of APPF. Creative Planning acquired a new stake in shares of AppFolio during the 2nd quarter valued at $255,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of AppFolio during the 2nd quarter valued at $294,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of AppFolio by 60.5% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 4,857 shares of the software maker’s stock valued at $297,000 after acquiring an additional 1,831 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of AppFolio during the 2nd quarter valued at $315,000. Finally, United Capital Financial Advisers LLC acquired a new stake in shares of AppFolio during the 1st quarter valued at $332,000. Institutional investors own 29.94% of the company’s stock.
Shares of APPF opened at $64.93 on Friday. AppFolio has a 52-week low of $37.56 and a 52-week high of $91.49. The firm has a market capitalization of $2.68 billion, a PE ratio of 231.89 and a beta of 0.90.
AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Monday, July 30th. The software maker reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. AppFolio had a return on equity of 20.10% and a net margin of 10.92%. The company had revenue of $47.24 million for the quarter, compared to analyst estimates of $45.55 million. The company’s revenue was up 31.7% on a year-over-year basis. On average, sell-side analysts expect that AppFolio will post 0.69 earnings per share for the current year.
AppFolio Company Profile
AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.
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