AppFolio (APPF) Earning Favorable Press Coverage, Study Finds
Headlines about AppFolio (NASDAQ:APPF) have trended positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AppFolio earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 46.6205881612021 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- ETFs with exposure to AppFolio, Inc. : August 11, 2017 (finance.yahoo.com)
- AppFolio, Inc. (APPF) Major Shareholder Sells $81,842.25 in Stock (americanbankingnews.com)
- AppFolio, Inc. (APPF) Major Shareholder Sells $7,170,876.00 in Stock (americanbankingnews.com)
- Applebee’s Will Close at Least 105 Restaurants This Year (wobko.net)
- Looking for a Top Momentum Stock? 3 Reasons Why AppFolio (APPF) is a Great Choice (finance.yahoo.com)
Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on AppFolio from $33.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Zacks Investment Research cut AppFolio from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 price target (up previously from $27.00) on shares of AppFolio in a report on Tuesday, August 8th. BidaskClub upgraded AppFolio from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Finally, KeyCorp reiterated a “buy” rating on shares of AppFolio in a report on Friday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $38.33.
AppFolio (APPF) opened at 36.00 on Friday. AppFolio has a 12-month low of $17.51 and a 12-month high of $38.85. The company has a 50-day moving average price of $34.26 and a 200 day moving average price of $28.39. The company has a market cap of $1.22 billion, a PE ratio of 1161.29 and a beta of 0.78.
In other AppFolio news, major shareholder Global Fund Ii L.P. Dragoneer sold 503,300 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $35.79, for a total value of $18,013,107.00. Following the completion of the transaction, the insider now owns 52,263 shares of the company’s stock, valued at approximately $1,870,492.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Marc Stad sold 400,000 shares of the company’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $30.00, for a total value of $12,000,000.00. Following the completion of the transaction, the insider now directly owns 25,780 shares of the company’s stock, valued at approximately $773,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,792,438 shares of company stock valued at $59,759,525. Insiders own 44.77% of the company’s stock.
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AppFolio Company Profile
AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.
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