AppFolio, Inc. (NASDAQ:APPF) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of AppFolio, Inc. (NASDAQ:APPFGet Free Report) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $241.00.

A number of equities analysts have recently issued reports on the company. KeyCorp raised their price objective on AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Stephens restated an “overweight” rating and issued a $241.00 target price on shares of AppFolio in a report on Friday, April 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th.

Check Out Our Latest Stock Report on APPF

Insider Buying and Selling at AppFolio

In other news, Director Alexander Wolf sold 10,000 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $250.26, for a total transaction of $2,502,600.00. Following the completion of the transaction, the director now owns 182,584 shares in the company, valued at approximately $45,693,471.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Alexander Wolf sold 10,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $250.26, for a total value of $2,502,600.00. Following the completion of the transaction, the director now directly owns 182,584 shares in the company, valued at $45,693,471.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew S. Mazza sold 2,131 shares of AppFolio stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $249.46, for a total transaction of $531,599.26. Following the transaction, the insider now directly owns 43,680 shares in the company, valued at $10,896,412.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,031 shares of company stock worth $7,883,943. 9.15% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AppFolio

Hedge funds have recently modified their holdings of the company. Norges Bank bought a new stake in AppFolio during the fourth quarter worth about $38,458,000. Zeno Equity Partners LLP bought a new stake in AppFolio in the 4th quarter worth approximately $33,434,000. Principal Financial Group Inc. increased its position in AppFolio by 2,359.8% during the first quarter. Principal Financial Group Inc. now owns 151,646 shares of the software maker’s stock valued at $37,417,000 after acquiring an additional 145,481 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of AppFolio by 344.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 155,127 shares of the software maker’s stock valued at $38,276,000 after purchasing an additional 120,246 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in AppFolio in the fourth quarter worth approximately $18,636,000. Hedge funds and other institutional investors own 62.34% of the company’s stock.

AppFolio Trading Down 0.4 %

Shares of APPF stock opened at $229.69 on Friday. The stock has a 50 day simple moving average of $233.63 and a 200 day simple moving average of $213.67. The stock has a market cap of $8.32 billion, a P/E ratio of 110.96 and a beta of 0.79. AppFolio has a 1 year low of $138.49 and a 1 year high of $256.73.

AppFolio (NASDAQ:APPFGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.09. The firm had revenue of $187.43 million during the quarter, compared to analysts’ expectations of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. Analysts forecast that AppFolio will post 2.87 EPS for the current year.

AppFolio Company Profile

(Get Free Report

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.

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Analyst Recommendations for AppFolio (NASDAQ:APPF)

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