Shares of AppFolio Inc (NASDAQ:APPF) reached a new 52-week high on Wednesday . The company traded as high as $116.73 and last traded at $116.16, with a volume of 928 shares. The stock had previously closed at $114.42.
Several brokerages recently issued reports on APPF. BidaskClub upgraded AppFolio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. Zacks Investment Research raised AppFolio from a “hold” rating to a “strong-buy” rating and set a $109.00 price target for the company in a report on Wednesday, October 30th. Finally, ValuEngine upgraded AppFolio from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. AppFolio has an average rating of “Hold” and a consensus target price of $92.53.
The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s 50 day simple moving average is $100.60 and its two-hundred day simple moving average is $99.41. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 202.20 and a beta of 1.20.
AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Monday, October 28th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.05. AppFolio had a net margin of 14.44% and a return on equity of 32.06%. The firm had revenue of $67.90 million for the quarter, compared to analyst estimates of $67.08 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up 35.5% on a year-over-year basis. As a group, analysts predict that AppFolio Inc will post 0.92 earnings per share for the current year.
In other news, CEO Jason Robert Randall sold 4,310 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $95.46, for a total value of $411,432.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Rauth III sold 3,517 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $104.00, for a total value of $365,768.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $2,080,000. The disclosure for this sale can be found here. Insiders have sold a total of 28,517 shares of company stock valued at $2,752,311 over the last ninety days. 42.46% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Aperio Group LLC bought a new stake in AppFolio in the second quarter valued at $69,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of AppFolio in the 2nd quarter worth about $72,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of AppFolio in the 2nd quarter worth about $125,000. Atria Investments LLC bought a new stake in shares of AppFolio in the 2nd quarter worth about $126,000. Finally, Bank of Montreal Can increased its position in shares of AppFolio by 289.9% during the 2nd quarter. Bank of Montreal Can now owns 1,731 shares of the software maker’s stock worth $177,000 after purchasing an additional 1,287 shares in the last quarter. 37.17% of the stock is currently owned by institutional investors and hedge funds.
About AppFolio (NASDAQ:APPF)
AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.
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