Wall Street brokerages predict that AppFolio Inc (NASDAQ:APPF) will report earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for AppFolio’s earnings. AppFolio reported earnings per share of $0.12 during the same quarter last year, which indicates a positive year over year growth rate of 91.7%. The business is expected to issue its next earnings results on Monday, February 25th.

According to Zacks, analysts expect that AppFolio will report full year earnings of $0.88 per share for the current financial year. For the next financial year, analysts expect that the company will report earnings of $1.40 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for AppFolio.

AppFolio (NASDAQ:APPF) last issued its earnings results on Monday, October 29th. The software maker reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.05). The company had revenue of $50.13 million for the quarter, compared to analysts’ expectations of $47.72 million. AppFolio had a net margin of 11.20% and a return on equity of 20.57%. AppFolio’s quarterly revenue was up 32.2% compared to the same quarter last year.

A number of analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of AppFolio in a research note on Wednesday. They set a “neutral” rating and a $66.00 target price for the company. BidaskClub raised shares of AppFolio from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Zacks Investment Research lowered shares of AppFolio from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, TheStreet lowered shares of AppFolio from a “b-” rating to a “c+” rating in a research note on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $69.00.

Shares of APPF traded down $0.71 during trading hours on Friday, reaching $60.07. 161,888 shares of the company traded hands, compared to its average volume of 141,776. The firm has a market capitalization of $2.06 billion, a P/E ratio of 214.54 and a beta of 1.41. AppFolio has a 12-month low of $37.56 and a 12-month high of $91.49.

In related news, Director William R. Rauth III sold 20,000 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $63.40, for a total value of $1,268,000.00. Following the completion of the sale, the director now directly owns 20,000 shares of the company’s stock, valued at $1,268,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Walker sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $73.03, for a total transaction of $2,190,900.00. Following the completion of the sale, the insider now directly owns 30,000 shares of the company’s stock, valued at $2,190,900. The disclosure for this sale can be found here. 41.96% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Ibex Investors LLC purchased a new stake in AppFolio in the third quarter worth about $203,000. Virtu Financial LLC purchased a new stake in AppFolio in the third quarter worth about $227,000. Creative Planning purchased a new stake in AppFolio in the second quarter worth about $255,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in AppFolio in the third quarter worth about $258,000. Finally, Ingalls & Snyder LLC bought a new position in AppFolio in the third quarter worth about $262,000. 30.62% of the stock is owned by institutional investors.

About AppFolio

AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.

See Also: Return on Investment (ROI) Defined, Explained

Get a free copy of the Zacks research report on AppFolio (APPF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AppFolio (NASDAQ:APPF)

Receive News & Ratings for AppFolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio and related companies with MarketBeat.com's FREE daily email newsletter.