AppFolio (NASDAQ:APPF) Releases Quarterly Earnings Results

AppFolio (NASDAQ:APPF - Get Free Report) announced its earnings results on Thursday. The software maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.34), Zacks reports. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. AppFolio updated its FY 2025 guidance to EPS.

AppFolio Stock Performance

APPF stock traded up $4.59 during mid-day trading on Monday, hitting $238.50. 546,817 shares of the company were exchanged, compared to its average volume of 295,382. AppFolio has a 1-year low of $189.01 and a 1-year high of $274.56. The firm's 50 day simple moving average is $253.57 and its 200 day simple moving average is $235.22. The firm has a market cap of $8.66 billion, a P/E ratio of 42.97 and a beta of 0.88.

Insider Activity

In other news, Director Scanlan Agnes Bundy sold 500 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $255.42, for a total transaction of $127,710.00. Following the completion of the transaction, the director now directly owns 5,416 shares of the company's stock, valued at $1,383,354.72. This represents a 8.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Matthew S. Mazza sold 838 shares of the business's stock in a transaction 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 sale, the insider now directly owns 22,701 shares in the company, valued at approximately $5,795,565.30. This represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,606 shares of company stock worth $5,958,832 over the last quarter. 5.24% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on APPF. William Blair reissued an "outperform" rating on shares of AppFolio in a report on Friday. Stephens reaffirmed an "overweight" rating and issued a $295.00 price objective on shares of AppFolio in a research note on Friday. Piper Sandler reissued a "neutral" rating and issued a $265.00 price target on shares of AppFolio in a research note on Friday. Keefe, Bruyette & Woods cut AppFolio from a "market perform" rating to an "underperform" rating and decreased their price objective for the stock from $255.00 to $193.00 in a research note on Tuesday, October 15th. Finally, KeyCorp lowered AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price on the stock. in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $276.29.

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.