Somewhat Positive Press Coverage Somewhat Unlikely to Impact AppFolio (APPF) Stock Price
Headlines about AppFolio (NASDAQ:APPF) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AppFolio earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.108541239097 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of brokerages have commented on APPF. Zacks Investment Research downgraded shares of AppFolio from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub raised shares of AppFolio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 17th. KeyCorp reaffirmed a “buy” rating on shares of AppFolio in a research note on Friday, August 11th. Credit Suisse Group reaffirmed a “neutral” rating and set a $35.00 target price (up from $27.00) on shares of AppFolio in a research note on Tuesday, August 8th. Finally, Morgan Stanley lifted their target price on shares of AppFolio from $33.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $38.33.
Shares of AppFolio (APPF) traded down 0.558% during trading on Tuesday, reaching $50.616. 67,045 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 1632.774 and a beta of 0.76. The stock has a 50 day moving average price of $47.61 and a 200-day moving average price of $47.61. AppFolio has a 52 week low of $18.40 and a 52 week high of $52.25.
In other AppFolio news, major shareholder Global Fund Ii L.P. Dragoneer sold 75,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $35.01, for a total transaction of $2,625,750.00. Following the sale, the insider now directly owns 69,723 shares of the company’s stock, valued at approximately $2,441,002.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Marc Stad sold 198,200 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $36.18, for a total transaction of $7,170,876.00. Following the sale, the insider now directly owns 73,153 shares in the company, valued at $2,646,675.54. The disclosure for this sale can be found here. Insiders have sold a total of 951,527 shares of company stock worth $33,891,917 over the last ninety days. 44.77% of the stock is owned by corporate insiders.
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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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