AppFolio (NASDAQ:APPF) Price Target Raised to $275.00

AppFolio (NASDAQ:APPF) had its target price increased by KeyCorp from $264.00 to $275.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has an overweight rating on the software maker’s stock.

A number of other brokerages also recently weighed in on APPF. JPMorgan Chase & Co. increased their price objective on shares of AppFolio from $228.00 to $237.00 and gave the company an overweight rating in a research report on Friday, January 26th. BTIG Research assumed coverage on shares of AppFolio in a research note on Friday, January 19th. They set a buy rating and a $215.00 price target on the stock. Finally, Stephens restated an overweight rating and set a $241.00 price objective on shares of AppFolio in a research report on Friday, January 26th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $241.00.

AppFolio Stock Performance

Shares of NASDAQ APPF opened at $242.75 on Friday. The firm’s 50 day moving average price is $229.59 and its 200-day moving average price is $205.22. The company has a market cap of $8.71 billion, a PE ratio of 117.27 and a beta of 0.80. AppFolio has a 52-week low of $123.36 and a 52-week high of $256.73.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, January 25th. The software maker reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.29. The firm had revenue of $171.83 million for the quarter, compared to the consensus estimate of $162.80 million. AppFolio had a net margin of 11.38% and a return on equity of 14.51%. On average, analysts forecast that AppFolio will post 2.72 earnings per share for the current fiscal year.

Insider Activity

In other AppFolio news, Director Olivia Nottebohm sold 989 shares of AppFolio stock in a transaction on Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the sale, the director now directly owns 1,909 shares in the company, valued at approximately $461,500.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other AppFolio news, Director Olivia Nottebohm sold 989 shares of AppFolio stock in a transaction on Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the sale, the director now directly owns 1,909 shares in the company, valued at approximately $461,500.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Blottnitz Andreas Von sold 4,500 shares of AppFolio 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 sale, the director now owns 5,449 shares in the company, valued at $1,234,525.44. The disclosure for this sale can be found here. Insiders have sold 15,489 shares of company stock worth $3,531,011 in the last three months. Company insiders own 9.15% of the company’s stock.

Institutional Trading of AppFolio

A number of institutional investors and hedge funds have recently bought and sold shares of APPF. Arcadia Investment Management Corp MI increased its holdings in shares of AppFolio by 70.4% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock worth $25,000 after buying an additional 57 shares during the last quarter. Zeno Equity Partners LLP bought a new stake in shares of AppFolio in the 4th quarter worth about $30,000. USA Financial Formulas bought a new stake in shares of AppFolio in the 4th quarter worth about $59,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of AppFolio in the 4th quarter worth about $64,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of AppFolio in the 4th quarter worth about $85,000. 62.34% of the stock is currently 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.