DA Davidson Has Lowered Expectations for AppFolio (NASDAQ:APPF) Stock Price

AppFolio (NASDAQ:APPF - Get Free Report) had its price target reduced by stock analysts at DA Davidson from $300.00 to $275.00 in a research note issued on Monday, Marketbeat.com reports. The firm presently has a "buy" rating on the software maker's stock. DA Davidson's price target would suggest a potential upside of 25.70% from the company's previous close. DA Davidson also issued estimates for AppFolio's Q1 2025 earnings at $0.89 EPS, FY2025 earnings at $3.71 EPS and FY2026 earnings at $4.37 EPS.

A number of other equities research analysts have also commented on APPF. Stephens reissued an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a report on Friday, January 31st. Piper Sandler reissued a "neutral" rating and set a $265.00 price target on shares of AppFolio in a research note on Friday, January 31st. KeyCorp cut 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. Finally, William Blair reiterated an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $272.71.

AppFolio Stock Performance

Shares of NASDAQ APPF traded up $0.86 during mid-day trading on Monday, hitting $218.78. 163,421 shares of the stock were exchanged, compared to its average volume of 264,664. AppFolio has a twelve month low of $189.01 and a twelve month high of $274.56. The stock's fifty day simple moving average is $217.92 and its two-hundred day simple moving average is $231.29. The company has a market cap of $7.96 billion, a P/E ratio of 39.42 and a beta of 0.86.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. As a group, equities research analysts predict that AppFolio will post 3.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO William Shane Trigg sold 3,501 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the completion of the sale, the chief executive officer now directly owns 83,824 shares of the company's stock, valued at $18,212,440.48. This represents a 4.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Matthew S. Mazza sold 838 shares of AppFolio 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 transaction, the insider now directly owns 22,701 shares in the company, valued at $5,795,565.30. The trade was 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.

Institutional Trading of AppFolio

Several hedge funds have recently added to or reduced their stakes in APPF. Colonial Trust Co SC acquired a new stake in shares of AppFolio during the fourth quarter worth about $28,000. Fifth Third Bancorp raised its holdings in AppFolio by 53.0% during the 1st quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock worth $39,000 after buying an additional 62 shares during the period. UMB Bank n.a. boosted its holdings in shares of 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. Versant Capital Management Inc increased its position in shares of AppFolio by 4,975.0% during the first quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock worth $45,000 after acquiring an additional 199 shares in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of AppFolio during the fourth quarter worth $50,000. Institutional investors and hedge funds 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.