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

AppFolio, Inc. (NASDAQ:APPF) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $241.00.

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price objective on AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, April 26th. BTIG Research began coverage on AppFolio in a research note on Friday, January 19th. They issued a “buy” rating and a $215.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Stephens reiterated an “overweight” rating and set a $241.00 target price on shares of AppFolio in a research report on Friday, April 26th. Finally, KeyCorp lifted their target price on AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, April 26th.

AppFolio Price Performance

Shares of APPF stock opened at $239.11 on Monday. The stock has a market capitalization of $8.58 billion, a PE ratio of 115.51 and a beta of 0.79. AppFolio has a 1-year low of $133.83 and a 1-year high of $256.73. The business has a 50-day moving average of $229.78 and a 200 day moving average of $207.01.

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 transaction, the director now owns 5,449 shares of the company’s stock, valued at $1,234,525.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other AppFolio news, Director Olivia Nottebohm sold 989 shares of AppFolio stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $241.75, for a total transaction of $239,090.75. Following the completion of the transaction, the director now owns 1,909 shares in the company, valued at approximately $461,500.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Blottnitz Andreas Von sold 4,500 shares of AppFolio stock in a transaction dated 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 owns 5,449 shares of the company’s stock, valued at approximately $1,234,525.44. The disclosure for this sale can be found here. Insiders have sold a total of 15,489 shares of company stock valued at $3,531,011 over the last quarter. 9.15% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AppFolio

Several institutional investors have recently bought and sold shares of APPF. Zeno Equity Partners LLP acquired a new position in shares of AppFolio during the 4th quarter worth approximately $30,000. USA Financial Formulas acquired a new position in shares of AppFolio during the fourth quarter worth $59,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of AppFolio during the fourth quarter worth $64,000. Meeder Asset Management Inc. acquired a new position in shares of AppFolio during the fourth quarter worth $85,000. Finally, Headlands Technologies LLC purchased a new stake in shares of AppFolio in the fourth quarter valued at about $85,000. 62.34% of the stock is currently owned by institutional investors and hedge funds.

About AppFolio

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.