AppFolio, Inc. (NASDAQ:APPF) Receives $276.29 Consensus Target Price from Analysts

AppFolio, Inc. (NASDAQ:APPF) has received a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $276.29.

A number of equities analysts have recently issued reports on APPF shares. Piper Sandler reissued a “neutral” rating and issued a $265.00 target price on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a research note on Friday, January 10th. William Blair restated an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Keefe, Bruyette & Woods lowered shares of AppFolio from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, Stephens reissued an “overweight” rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st.

Insider Buying and Selling at AppFolio

In related news, major shareholder Maurice J. Duca sold 2,510 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $229.21, for a total value of $575,317.10. Following the transaction, the insider now owns 2,459 shares in the company, valued at approximately $563,627.39. This trade represents a 50.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Shane Trigg sold 3,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $229.85, for a total transaction of $804,475.00. Following the completion of the transaction, the chief executive officer now directly owns 74,327 shares in the company, valued at approximately $17,084,060.95. This represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,590 shares of company stock worth $4,544,279 over the last ninety days. Insiders own 5.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC raised its stake in shares of AppFolio by 82.2% during the third quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock valued at $108,116,000 after acquiring an additional 207,204 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in AppFolio in the fourth quarter valued at $30,195,000. Vanguard Group Inc. increased its holdings in AppFolio by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock valued at $615,696,000 after purchasing an additional 91,174 shares during the period. Deepwater Asset Management LLC bought a new position in AppFolio during the 4th quarter worth $15,483,000. Finally, FMR LLC lifted its holdings in AppFolio by 998.0% during the 3rd quarter. FMR LLC now owns 60,894 shares of the software maker’s stock worth $14,334,000 after buying an additional 55,348 shares during the period. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Trading Down 2.1 %

Shares of AppFolio stock opened at $218.50 on Wednesday. AppFolio has a 1 year low of $189.01 and a 1 year high of $274.56. The company’s fifty day simple moving average is $249.91 and its 200-day simple moving average is $233.84. The company has a market cap of $7.94 billion, a price-to-earnings ratio of 39.37 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. As a group, research analysts forecast that AppFolio will post 3.96 earnings per share for the current fiscal year.

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.