AppFolio, Inc. (NASDAQ:APPF) Given Average Rating of "Moderate Buy" by Brokerages

Shares of AppFolio, Inc. (NASDAQ:APPF - Get Free Report) have been given an average rating of "Moderate Buy" by the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $261.75.

Several equities analysts recently commented on the stock. DA Davidson upped their price target on shares of AppFolio from $285.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. KeyCorp dropped their price target on shares of AppFolio from $300.00 to $252.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Keefe, Bruyette & Woods lowered shares of AppFolio from a "market perform" rating to an "underperform" rating and dropped their price target for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. StockNews.com lowered shares of AppFolio from a "buy" rating to a "hold" rating in a research report on Thursday, August 22nd. Finally, Piper Sandler Companies reaffirmed an "overweight" rating and set a $300.00 price target on shares of AppFolio in a research report on Friday, July 26th.

AppFolio Stock Up 2.4 %

Shares of NASDAQ:APPF traded up $5.66 during trading on Friday, reaching $242.39. The stock had a trading volume of 195,551 shares, compared to its average volume of 274,801. The business has a fifty day moving average price of $222.54 and a 200-day moving average price of $231.07. The stock has a market cap of $8.81 billion, a P/E ratio of 67.52 and a beta of 0.83. AppFolio has a fifty-two week low of $164.29 and a fifty-two week high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.26. The business had revenue of $206.00 million during 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 was up 24.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 earnings per share. As a group, equities analysts forecast that AppFolio will post 3.23 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Maurice J. Duca sold 2,968 shares of the company's stock in a transaction on Monday, August 26th. The shares were sold at an average price of $234.87, for a total value of $697,094.16. Following the completion of the transaction, the insider now directly owns 24,500 shares in the company, valued at approximately $5,754,315. This represents a 10.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew S. Mazza sold 5,090 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $236.24, for a total transaction of $1,202,461.60. Following the completion of the transaction, the insider now owns 28,266 shares of the company's stock, valued at $6,677,559.84. This trade represents a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,865 shares of company stock worth $5,799,618 over the last ninety days. 5.24% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock valued at $29,000 after acquiring an additional 54 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of AppFolio by 589.5% during the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker's stock worth $32,000 after purchasing an additional 112 shares during the period. CWM LLC raised its holdings in shares of AppFolio by 238.6% during the second quarter. CWM LLC now owns 149 shares of the software maker's stock worth $36,000 after purchasing an additional 105 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of AppFolio by 291.3% during the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker's stock worth $44,000 after purchasing an additional 134 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock worth $52,000 after purchasing an additional 186 shares during the period. 62.34% of the stock is currently owned by institutional investors.

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.