Keefe, Bruyette & Woods Has Lowered Expectations for AppFolio (NASDAQ:APPF) Stock Price

AppFolio (NASDAQ:APPF - Get Free Report) had its price objective cut by analysts at Keefe, Bruyette & Woods from $210.00 to $205.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the software maker's stock. Keefe, Bruyette & Woods' target price points to a potential upside of 1.74% from the company's current price.

A number of other research firms also recently weighed in on APPF. William Blair restated an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. Stephens restated an "overweight" rating and issued a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. KeyCorp downgraded AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. Piper Sandler reiterated a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a research report on Wednesday, April 23rd. Finally, DA Davidson lowered their price objective on AppFolio from $300.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $274.43.

AppFolio Trading Up 4.9 %

Shares of APPF traded up $9.47 during trading hours on Friday, reaching $201.49. 940,841 shares of the company's stock traded hands, compared to its average volume of 270,041. The stock has a market cap of $7.34 billion, a PE ratio of 36.30 and a beta of 0.86. The firm's 50 day simple moving average is $217.79 and its 200-day simple moving average is $230.80. AppFolio has a 12 month low of $189.01 and a 12 month high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). The business had revenue of $217.70 million for the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a net margin of 25.69% and a return on equity of 26.21%. The business's revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. As a group, analysts expect that AppFolio will post 3.96 earnings per share for the current fiscal year.

Insider Activity

In other AppFolio news, Director Alexander Wolf purchased 9,678 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average cost of $214.81 per share, with a total value of $2,078,931.18. Following the transaction, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. The trade was a -150.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of AppFolio 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 transaction, the chief executive officer now directly owns 83,824 shares of the company's stock, valued at approximately $18,212,440.48. This trade represents a 4.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.24% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Colonial Trust Co SC purchased a new position in AppFolio in the fourth quarter worth about $28,000. Fifth Third Bancorp raised its holdings in AppFolio by 53.0% in 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 during the last quarter. UMB Bank n.a. raised 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 worth $41,000 after buying an additional 110 shares during the last quarter. Versant Capital Management Inc raised its holdings in AppFolio by 4,975.0% in the first quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock worth $45,000 after buying an additional 199 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in AppFolio in the fourth quarter worth about $50,000. 85.19% of the stock is owned by hedge funds and other 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.