AppFolio (APPF) Projected to Post Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF - Get Free Report) is anticipated to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.94 per share and revenue of $199,860.00 billion for the quarter. AppFolio has set its FY 2024 guidance at EPS.Parties interested in participating in the company's conference call can do so using this link.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.26. The firm had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The company's revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Stock Performance

AppFolio stock traded down $0.21 during trading hours on Thursday, hitting $252.28. 309,244 shares of the stock were exchanged, compared to its average volume of 225,614. AppFolio has a 12 month low of $171.19 and a 12 month high of $274.56. The business's 50-day moving average is $248.90 and its two-hundred day moving average is $235.58. The stock has a market capitalization of $9.17 billion, a P/E ratio of 70.27 and a beta of 0.87.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APPF. KeyCorp cut AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price target for the company. in a report on Friday, January 10th. Piper Sandler lowered AppFolio from an "overweight" rating to a "neutral" rating and set a $265.00 target price for the company. in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut AppFolio from a "market perform" rating to an "underperform" rating and cut their price target for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $261.88.

Insider Activity at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 700 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $255.50, for a total transaction of $178,850.00. Following the transaction, the insider now directly owns 27,566 shares in the company, valued at approximately $7,043,113. This represents a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William Shane Trigg sold 3,500 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $229.85, for a total transaction of $804,475.00. Following the completion of the transaction, the chief executive officer now directly owns 74,327 shares in the company, valued at $17,084,060.95. This trade represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,768 shares of company stock worth $5,744,891 over the last 90 days. Insiders own 5.24% of the company's stock.

About AppFolio

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.