AppFolio, Inc. (NASDAQ:APPF) Receives $248.71 Consensus PT from Brokerages

Shares of AppFolio, Inc. (NASDAQ:APPF) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $248.71.

Several equities analysts have recently issued reports on APPF shares. Piper Sandler started coverage on AppFolio in a research note on Monday, June 10th. They set an “overweight” rating and a $295.00 target price on the stock. Stephens restated an “overweight” rating and set a $241.00 price target on shares of AppFolio in a research report on Friday, April 26th. KeyCorp lifted their price target on AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Finally, Keefe, Bruyette & Woods lifted their price target on AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, April 26th.

AppFolio Stock Performance

APPF opened at $243.36 on Tuesday. AppFolio has a 52-week low of $164.29 and a 52-week high of $256.73. The stock has a market capitalization of $8.81 billion, a PE ratio of 117.57 and a beta of 0.80. The stock’s 50 day moving average price is $235.83 and its 200-day moving average price is $220.48.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.09. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. The firm had revenue of $187.43 million for the quarter, compared to analysts’ expectations of $173.66 million. Research analysts forecast that AppFolio will post 2.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other AppFolio news, Director Blottnitz Andreas Von sold 5,111 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $240.24, for a total value of $1,227,866.64. Following the sale, the director now directly owns 8,838 shares of the company’s stock, valued at $2,123,241.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Maurice J. Duca sold 2,600 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $229.65, for a total transaction of $597,090.00. Following the transaction, the insider now directly owns 52,400 shares of the company’s stock, valued at $12,033,660. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Blottnitz Andreas Von sold 5,111 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $240.24, for a total value of $1,227,866.64. Following the transaction, the director now directly owns 8,838 shares in the company, valued at $2,123,241.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,891 shares of company stock valued at $25,950,607. 9.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Zeno Equity Partners LLP bought a new position in shares of AppFolio during the fourth quarter valued at $30,000. Advisors Asset Management Inc. lifted its holdings in shares of AppFolio by 291.3% during the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock valued at $44,000 after purchasing an additional 134 shares in the last quarter. USA Financial Formulas bought a new position in shares of AppFolio during the fourth quarter valued at $59,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of AppFolio during the fourth quarter valued at $64,000. Finally, Headlands Technologies LLC bought a new position in shares of AppFolio during the fourth quarter valued at $85,000. 62.34% of the stock is owned by 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.