AppFolio (NASDAQ:APPF) Announces Earnings Results, Misses Expectations By $0.34 EPS

AppFolio (NASDAQ:APPF) issued its quarterly earnings results on Thursday. The software maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34), Zacks reports. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. AppFolio updated its FY 2025 guidance to EPS.

AppFolio Stock Performance

Shares of AppFolio stock traded up $3.61 during trading hours on Thursday, hitting $253.58. The company’s stock had a trading volume of 389,315 shares, compared to its average volume of 245,209. AppFolio has a 12-month low of $189.01 and a 12-month high of $274.56. The business has a 50 day moving average price of $253.64 and a two-hundred day moving average price of $235.86. The company has a market cap of $9.21 billion, a PE ratio of 70.64 and a beta of 0.87.

Insider Buying and Selling

In related news, insider Matthew S. Mazza sold 838 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the transaction, the insider now directly owns 22,701 shares of the company’s stock, valued at approximately $5,795,565.30. This trade represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William Shane Trigg sold 4,145 shares of AppFolio stock in a transaction on Friday, December 6th. The stock was sold at an average price of $263.32, for a total transaction of $1,091,461.40. Following the completion of the transaction, the chief executive officer now directly owns 73,682 shares of the company’s stock, valued at $19,401,944.24. The trade was a 5.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,606 shares of company stock valued at $5,958,832. Corporate insiders own 5.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on APPF shares. Piper Sandler downgraded 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. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $268.57.

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.