Q2 2024 Earnings Forecast for AppFolio, Inc. Issued By DA Davidson (NASDAQ:APPF)

AppFolio, Inc. (NASDAQ:APPF) – Research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for AppFolio in a report issued on Friday, April 26th. DA Davidson analyst G. Luria anticipates that the software maker will post earnings of $0.64 per share for the quarter. The consensus estimate for AppFolio’s current full-year earnings is $2.72 per share. DA Davidson also issued estimates for AppFolio’s FY2024 earnings at $2.83 EPS and FY2025 earnings at $4.03 EPS.

A number of other analysts have also commented on the company. BTIG Research began coverage on AppFolio in a report on Friday, January 19th. They issued a “buy” rating and a $215.00 price target on the stock. Stephens restated an “overweight” rating and issued a $241.00 price target on shares of AppFolio in a report on Friday, April 26th. KeyCorp boosted their price target on AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Finally, Keefe, Bruyette & Woods boosted their price target on AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $241.00.

AppFolio Trading Down 4.7 %

APPF stock opened at $226.78 on Monday. The business’s 50 day moving average is $229.69 and its 200-day moving average is $205.61. The firm has a market cap of $8.13 billion, a P/E ratio of 109.56 and a beta of 0.80. AppFolio has a 1-year low of $133.83 and a 1-year high of $256.73.

Insider Activity at AppFolio

In other news, Director Blottnitz Andreas Von sold 4,500 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the completion of the transaction, the director now directly owns 5,449 shares in the company, valued at approximately $1,234,525.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Blottnitz Andreas Von sold 4,500 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $226.56, for a total value of $1,019,520.00. Following the completion of the transaction, the director now directly owns 5,449 shares in the company, valued at $1,234,525.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy K. Bliss sold 10,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $227.24, for a total transaction of $2,272,400.00. Following the completion of the transaction, the director now owns 51,070 shares of the company’s stock, valued at $11,605,146.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,489 shares of company stock worth $3,531,011. Corporate insiders own 9.15% of the company’s stock.

Hedge Funds Weigh In On AppFolio

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arcadia Investment Management Corp MI increased its position in shares of AppFolio by 70.4% during the third quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock valued at $25,000 after buying an additional 57 shares during the period. Zeno Equity Partners LLP purchased a new position in shares of AppFolio during the fourth quarter valued at about $30,000. USA Financial Formulas purchased a new position in shares of AppFolio during the fourth quarter valued at about $59,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of AppFolio during the fourth quarter valued at about $64,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of AppFolio during the fourth quarter valued at about $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.