DA Davidson Has Negative Outlook for AppFolio Q1 Earnings

AppFolio, Inc. (NASDAQ:APPF - Free Report) - Research analysts at DA Davidson decreased their Q1 2025 earnings per share (EPS) estimates for shares of AppFolio in a note issued to investors on Tuesday, April 15th. DA Davidson analyst G. Luria now anticipates that the software maker will earn $0.89 per share for the quarter, down from their previous forecast of $0.91. DA Davidson has a "Buy" rating and a $275.00 price objective on the stock. The consensus estimate for AppFolio's current full-year earnings is $3.96 per share. DA Davidson also issued estimates for AppFolio's FY2025 earnings at $3.71 EPS and FY2026 earnings at $4.37 EPS.

AppFolio (NASDAQ:APPF - Get Free Report) last announced 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%.

APPF has been the topic of a number of other reports. KeyCorp downgraded shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price on the stock. in a research report on Friday, January 10th. Stephens reissued an "overweight" rating and issued a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler reaffirmed a "neutral" rating and set a $265.00 price target on shares of AppFolio in a research report on Friday, January 31st. Finally, William Blair restated an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. One investment 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $272.71.

AppFolio Price Performance

Shares of NASDAQ APPF traded up $0.86 during midday trading on Wednesday, hitting $218.78. 163,421 shares of the company's stock were exchanged, compared to its average volume of 264,747. The firm's fifty day simple moving average is $217.92 and its 200-day simple moving average is $231.20. The company has a market cap of $7.96 billion, a PE ratio of 39.42 and a beta of 0.86. AppFolio has a twelve month low of $189.01 and a twelve month high of $274.56.

Insider Transactions at AppFolio

In other AppFolio news, insider Matthew S. Mazza sold 838 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the sale, the insider now owns 22,701 shares of the company's stock, valued at approximately $5,795,565.30. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the completion of the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Company insiders own 5.24% of the company's stock.

Institutional Trading of AppFolio

Institutional investors have recently bought and sold shares of the company. Tidal Investments LLC boosted its position in shares of AppFolio by 2.9% in the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker's stock worth $335,000 after buying an additional 40 shares in the last quarter. Exchange Traded Concepts LLC increased its position in AppFolio by 6.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker's stock worth $158,000 after buying an additional 40 shares in the last quarter. Independent Advisor Alliance boosted its stake in shares of AppFolio by 2.1% during the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker's stock worth $643,000 after purchasing an additional 53 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of AppFolio by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker's stock worth $2,457,000 after buying an additional 60 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of AppFolio by 53.0% during the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock worth $39,000 after buying an additional 62 shares in the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

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.