AppFolio, Inc. (NASDAQ:APPF) Given Consensus Rating of “Moderate Buy” by Brokerages

AppFolio, Inc. (NASDAQ:APPF) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $318.20.

Several brokerages have issued reports on APPF. Piper Sandler raised shares of AppFolio from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $240.00 to $350.00 in a report on Friday, August 1st. Keefe, Bruyette & Woods boosted their price target on shares of AppFolio from $295.00 to $311.00 and gave the company a “market perform” rating in a report on Wednesday, September 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of AppFolio in a report on Wednesday, October 8th. KeyCorp raised shares of AppFolio from a “sector weight” rating to an “overweight” rating and set a $285.00 price target on the stock in a report on Friday. Finally, DA Davidson reissued a “buy” rating and issued a $350.00 price target on shares of AppFolio in a report on Friday, August 1st.

AppFolio Trading Up 5.5%

Shares of APPF stock opened at $235.51 on Monday. AppFolio has a 1 year low of $189.01 and a 1 year high of $326.04. The firm’s fifty day simple moving average is $266.00 and its 200 day simple moving average is $243.36. The firm has a market capitalization of $8.44 billion, a P/E ratio of 42.51 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.11. The firm had revenue of $235.58 million for the quarter, compared to analyst estimates of $230.10 million. AppFolio had a net margin of 23.54% and a return on equity of 26.32%. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. AppFolio has set its FY 2025 guidance at EPS. Equities research analysts anticipate that AppFolio will post 3.96 EPS for the current fiscal year.

Insider Transactions at AppFolio

In other news, CEO William Shane Trigg sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $276.95, for a total value of $1,107,800.00. Following the sale, the chief executive officer owned 59,556 shares of the company’s stock, valued at approximately $16,494,034.20. This represents a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Maurice J. Duca sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $275.57, for a total transaction of $688,925.00. Following the completion of the sale, the insider directly owned 55,795 shares in the company, valued at approximately $15,375,428.15. The trade was a 4.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,803 shares of company stock worth $16,938,949. 4.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AppFolio

Several large investors have recently made changes to their positions in the company. Burney Co. grew its holdings in shares of AppFolio by 3.7% in the 3rd quarter. Burney Co. now owns 7,997 shares of the software maker’s stock worth $2,204,000 after purchasing an additional 288 shares during the last quarter. Highland Capital Management LLC bought a new stake in shares of AppFolio in the 3rd quarter worth about $1,435,000. Blue Trust Inc. grew its holdings in shares of AppFolio by 88.3% in the 3rd quarter. Blue Trust Inc. now owns 482 shares of the software maker’s stock worth $133,000 after purchasing an additional 226 shares during the last quarter. CWM LLC grew its holdings in shares of AppFolio by 62.9% in the 3rd quarter. CWM LLC now owns 1,158 shares of the software maker’s stock worth $319,000 after purchasing an additional 447 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in AppFolio during the 3rd quarter worth about $835,000. Institutional investors 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.