AppFolio (NASDAQ:APPF) Rating Reiterated by Stephens

AppFolio (NASDAQ:APPF)‘s stock had its “overweight” rating reissued by stock analysts at Stephens in a research report issued on Friday, Benzinga reports. They currently have a $241.00 price objective on the software maker’s stock. Stephens’ price target suggests a potential downside of 0.72% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. upped their price objective on AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. BTIG Research started coverage on AppFolio in a research report on Friday, January 19th. They set a “buy” rating and a $215.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, KeyCorp increased their price target on AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, AppFolio presently has an average rating of “Moderate Buy” and a consensus price target of $241.00.

AppFolio Stock Up 12.0 %

Shares of NASDAQ APPF opened at $242.75 on Friday. The stock’s 50 day moving average price is $229.59 and its two-hundred day moving average price is $205.11. AppFolio has a 52-week low of $123.36 and a 52-week high of $256.73. The stock has a market capitalization of $8.71 billion, a P/E ratio of 117.27 and a beta of 0.80.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, January 25th. The software maker reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.29. AppFolio had a return on equity of 14.51% and a net margin of 11.38%. The firm had revenue of $171.83 million for the quarter, compared to analysts’ expectations of $162.80 million. On average, analysts anticipate that AppFolio will post 2.66 EPS for the current year.

Insider Buying and Selling

In related news, Director Blottnitz Andreas Von sold 4,500 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was 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 of the company’s stock, valued at approximately $1,234,525.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other AppFolio news, Director Timothy K. Bliss sold 10,000 shares of the 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 directly owns 51,070 shares of the company’s stock, valued at approximately $11,605,146.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Blottnitz Andreas Von sold 4,500 shares of the 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 transaction, the director now directly owns 5,449 shares of the company’s stock, valued at $1,234,525.44. The disclosure for this sale can be found here. Insiders sold 15,489 shares of company stock valued at $3,531,011 in the last three months. 9.15% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AppFolio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its stake in AppFolio by 2.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 2,114 shares of the software maker’s stock valued at $366,000 after purchasing an additional 55 shares in the last quarter. Arcadia Investment Management Corp MI boosted its stake in shares of AppFolio by 70.4% during the 3rd quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock worth $25,000 after acquiring an additional 57 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of AppFolio by 1.9% during the 3rd quarter. Arizona State Retirement System now owns 5,321 shares of the software maker’s stock worth $972,000 after acquiring an additional 101 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of AppFolio by 3.2% during the 4th quarter. Harbor Capital Advisors Inc. now owns 3,691 shares of the software maker’s stock worth $639,000 after acquiring an additional 116 shares in the last quarter. Finally, Zeno Equity Partners LLP bought a new stake in shares of AppFolio during the 4th quarter worth $30,000. 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.