AppFolio, Inc. (NASDAQ:APPF) Receives $261.88 Consensus Target Price from Analysts

Shares of AppFolio, Inc. (NASDAQ:APPF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $261.88.

APPF has been the topic of several recent research reports. Piper Sandler cut shares of AppFolio from an "overweight" rating to a "neutral" rating and set a $265.00 price objective on the stock. in a research note on Monday, January 6th. KeyCorp lowered shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price target on the stock. in a research report on Friday. Finally, Keefe, Bruyette & Woods cut AppFolio from a "market perform" rating to an "underperform" rating and dropped their price target for the company from $255.00 to $193.00 in a report on Tuesday, October 15th.

AppFolio Stock Performance

Shares of NASDAQ APPF traded down $9.82 during trading on Friday, reaching $243.77. The stock had a trading volume of 257,862 shares, compared to its average volume of 195,544. The stock has a market cap of $8.86 billion, a PE ratio of 67.90 and a beta of 0.87. AppFolio has a one year low of $171.19 and a one year high of $274.56. The firm's 50 day moving average price is $247.19 and its two-hundred day moving average price is $235.52.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The firm had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. During the same period last year, the firm posted $0.26 EPS. AppFolio's quarterly revenue was up 24.5% compared to the same quarter last year. On average, research analysts expect that AppFolio will post 3.23 earnings per share for the current year.

Insider Activity at AppFolio

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

Institutional Investors Weigh In On AppFolio

A number of large investors have recently added to or reduced their stakes in APPF. Commonwealth Equity Services LLC lifted its position in AppFolio by 22.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,454 shares of the software maker's stock worth $845,000 after acquiring an additional 636 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of AppFolio by 48.1% in the 2nd quarter. TD Asset Management Inc now owns 8,000 shares of the software maker's stock worth $1,957,000 after buying an additional 2,600 shares in the last quarter. Arizona State Retirement System lifted its position in shares of AppFolio by 8.0% during the 2nd quarter. Arizona State Retirement System now owns 5,784 shares of the software maker's stock worth $1,415,000 after buying an additional 430 shares during the period. American Century Companies Inc. grew its position in AppFolio by 7.6% in the second quarter. American Century Companies Inc. now owns 3,631 shares of the software maker's stock valued at $888,000 after acquiring an additional 257 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in AppFolio by 68.9% during the second quarter. Jupiter Asset Management Ltd. now owns 39,620 shares of the software maker's stock worth $9,690,000 after acquiring an additional 16,169 shares in the last quarter. Institutional investors own 85.19% of the company's stock.

AppFolio Company Profile

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.