AppFolio, Inc. (NASDAQ:APPF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of AppFolio, Inc. (NASDAQ:APPF) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $311.80.

A number of research firms recently weighed in on APPF. Keefe, Bruyette & Woods lifted their target price on AppFolio from $295.00 to $311.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 3rd. DA Davidson reissued a “buy” rating and set a $350.00 target price on shares of AppFolio in a research report on Friday, August 1st. Finally, Piper Sandler raised AppFolio from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $240.00 to $350.00 in a research report on Friday, August 1st.

AppFolio Stock Performance

Shares of NASDAQ:APPF opened at $285.18 on Thursday. AppFolio has a 52-week low of $189.01 and a 52-week high of $326.04. The company has a market cap of $10.22 billion, a P/E ratio of 51.48 and a beta of 0.89. The stock’s 50-day moving average is $274.78 and its 200-day moving average is $239.25.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, July 31st. The software maker reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.11. AppFolio had a return on equity of 26.32% and a net margin of 23.54%.The business had revenue of $235.58 million for the quarter, compared to the consensus estimate of $230.10 million. During the same period last year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was up 19.4% compared to the same quarter last year. AppFolio has set its FY 2025 guidance at EPS. As a group, equities analysts predict that AppFolio will post 3.96 EPS for the current year.

Insider Buying and Selling at AppFolio

In other AppFolio news, major shareholder Maurice J. Duca sold 2,500 shares of AppFolio stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $275.57, for a total transaction of $688,925.00. Following the sale, the insider directly owned 55,795 shares of the company’s stock, valued at approximately $15,375,428.15. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew S. Mazza sold 1,636 shares of AppFolio stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $276.98, for a total value of $453,139.28. Following the sale, the insider directly owned 25,015 shares in the company, valued at $6,928,654.70. The trade was a 6.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,803 shares of company stock valued at $16,938,949 over the last quarter. Company insiders own 4.68% of the company’s stock.

Institutional Investors Weigh In On AppFolio

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its holdings in AppFolio by 53.0% during the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker’s stock valued at $39,000 after purchasing an additional 62 shares in the last quarter. Versant Capital Management Inc boosted its holdings in AppFolio by 4,975.0% during the first quarter. Versant Capital Management Inc now owns 203 shares of the software maker’s stock valued at $45,000 after purchasing an additional 199 shares in the last quarter. Huntington National Bank boosted its holdings in AppFolio by 58.7% during the second quarter. Huntington National Bank now owns 200 shares of the software maker’s stock valued at $46,000 after purchasing an additional 74 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in AppFolio during the second quarter valued at approximately $52,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in AppFolio during the first quarter valued at approximately $55,000. 85.19% of the stock is owned by institutional investors and hedge funds.

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.