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

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $276.29.

A number of research analysts have recently commented on the stock. KeyCorp lowered shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price objective for the company. in a research report on Friday, January 10th. William Blair restated an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler restated a "neutral" rating and issued a $265.00 target price on shares of AppFolio in a research note on Friday, January 31st. Finally, Stephens reiterated an "overweight" rating and set a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st.

AppFolio Price Performance

Shares of NASDAQ APPF traded down $3.89 during trading hours on Thursday, hitting $221.30. 227,289 shares of the company's stock were exchanged, compared to its average volume of 258,820. The company's 50-day moving average price is $225.38 and its 200-day moving average price is $232.54. AppFolio has a 1-year low of $189.01 and a 1-year high of $274.56. The stock has a market capitalization of $8.06 billion, a price-to-earnings ratio of 39.87 and a beta of 0.89.

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AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, research analysts expect that AppFolio will post 3.96 earnings per share for the current year.

Insider Transactions at AppFolio

In related news, Director Alexander Wolf purchased 9,678 shares of the firm's stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the completion of the purchase, the director now directly owns 3,226 shares of the company's stock, valued at $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew S. Mazza sold 838 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the completion of the transaction, the insider now owns 22,701 shares of the company's stock, valued at $5,795,565.30. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.24% of the company's stock.

Hedge Funds Weigh In On AppFolio

Several hedge funds have recently added to or reduced their stakes in APPF. Colonial Trust Co SC acquired a new position in AppFolio during the 4th quarter valued at about $28,000. UMB Bank n.a. lifted its holdings in AppFolio by 193.0% in the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock valued at $41,000 after buying an additional 110 shares during the period. Arcadia Investment Management Corp MI bought a new position in AppFolio in the fourth quarter valued at approximately $50,000. Aster Capital Management DIFC Ltd boosted its stake in AppFolio by 10,300.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock valued at $51,000 after acquiring an additional 206 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in AppFolio by 1,485.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker's stock worth $55,000 after acquiring an additional 208 shares during the period. Institutional investors own 85.19% 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.