AppFolio (APPF) Scheduled to Post Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. AppFolio has set its FY 2022 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPF – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The software maker reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.38. The business had revenue of $125.08 million during the quarter, compared to analysts’ expectations of $118.90 million. AppFolio had a negative net margin of 11.22% and a negative return on equity of 17.72%. On average, analysts expect AppFolio to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AppFolio Price Performance

NASDAQ:APPF opened at $119.07 on Wednesday. The firm has a market capitalization of $4.19 billion, a P/E ratio of -83.27 and a beta of 1.01. The company’s fifty day moving average price is $112.35 and its 200-day moving average price is $107.82. AppFolio has a 1-year low of $79.92 and a 1-year high of $127.74.

Hedge Funds Weigh In On AppFolio

A number of hedge funds have recently bought and sold shares of APPF. California State Teachers Retirement System increased its position in shares of AppFolio by 0.9% in the third quarter. California State Teachers Retirement System now owns 23,925 shares of the software maker’s stock valued at $2,505,000 after buying an additional 208 shares in the last quarter. BNP Paribas Arbitrage SNC grew its stake in AppFolio by 64.5% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 7,001 shares of the software maker’s stock valued at $733,000 after acquiring an additional 2,746 shares during the period. State Street Corp increased its holdings in AppFolio by 1.0% in the 3rd quarter. State Street Corp now owns 412,571 shares of the software maker’s stock worth $43,204,000 after acquiring an additional 4,145 shares in the last quarter. Vanguard Group Inc. raised its position in AppFolio by 1.0% during the third quarter. Vanguard Group Inc. now owns 1,787,418 shares of the software maker’s stock worth $187,178,000 after acquiring an additional 16,886 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in AppFolio by 29.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 11,700 shares of the software maker’s stock valued at $1,226,000 after purchasing an additional 2,646 shares in the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on APPF shares. StockNews.com lowered AppFolio from a “hold” rating to a “sell” rating in a research note on Saturday, November 19th. KeyCorp reduced their price target on AppFolio from $143.00 to $131.00 and set an “overweight” rating for the company in a research report on Friday, October 14th. Finally, DA Davidson boosted their price target on AppFolio from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $117.00.

About AppFolio

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AppFolio, Inc, provides industry-specific cloud-based business software solutions, services, and data analytics for the real estate industry. The firm offers AppFolio Property Manager, a property management solution designed to address the operational and business requirements of property management companies and their business ecosystems and AppFolio Investment Management, a cloud-based software solution for real estate investment managers of various sizes that provides tools and services designed to streamline their real estate investment management businesses.