AppFolio (APPF) to Release Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPFGet Free Report) is expected to be announcing its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.94 per share and revenue of $199,860.00 billion for the quarter. AppFolio has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPFGet Free Report) last released its earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.26. The company had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. AppFolio’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Trading Down 0.1 %

Shares of APPF opened at $251.92 on Tuesday. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of 70.17 and a beta of 0.87. AppFolio has a 52 week low of $172.98 and a 52 week high of $274.56. The stock has a 50 day moving average of $250.22 and a 200-day moving average of $235.59.

Wall Street Analyst Weigh In

Several research firms have recently commented on APPF. Piper Sandler lowered shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price target for the company. in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target on the stock. in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, AppFolio presently has an average rating of “Hold” and an average target price of $268.57.

Get Our Latest Report on APPF

Insider Transactions at AppFolio

In other news, major shareholder Maurice J. Duca sold 2,510 shares of AppFolio stock in a transaction on Monday, November 18th. The stock was sold at an average price of $229.21, for a total transaction of $575,317.10. Following the transaction, the insider now directly owns 2,459 shares in the company, valued at approximately $563,627.39. This trade represents a 50.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Matthew S. Mazza sold 700 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $255.50, for a total value of $178,850.00. Following the completion of the sale, the insider now owns 27,566 shares of the company’s stock, valued at approximately $7,043,113. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,768 shares of company stock valued at $5,744,891. 5.24% of the stock is currently owned by corporate insiders.

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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Earnings History for AppFolio (NASDAQ:APPF)

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