AppFolio, Inc. (NASDAQ:APPF) Receives $239.40 Average PT from Brokerages

Shares of AppFolio, Inc. (NASDAQ:APPF) have received an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $239.40.

APPF has been the topic of several analyst reports. Stephens reissued an “overweight” rating and issued a $241.00 price objective on shares of AppFolio in a research note on Friday, January 26th. BTIG Research initiated coverage on shares of AppFolio in a research note on Friday, January 19th. They issued a “buy” rating and a $215.00 price objective on the stock. KeyCorp boosted their price objective on shares of AppFolio from $254.00 to $264.00 and gave the stock an “overweight” rating in a research note on Monday, March 18th. StockNews.com cut shares of AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a research report on Friday, January 26th.

Insider Buying and Selling at AppFolio

In other AppFolio news, Director Blottnitz Andreas Von sold 4,500 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the sale, the director now owns 5,449 shares of the company’s stock, valued at $1,234,525.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Blottnitz Andreas Von sold 4,500 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $226.56, for a total transaction of $1,019,520.00. Following the transaction, the director now owns 5,449 shares of the company’s stock, valued at approximately $1,234,525.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Olivia Nottebohm sold 989 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $241.75, for a total transaction of $239,090.75. Following the transaction, the director now directly owns 1,909 shares in the company, valued at approximately $461,500.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,489 shares of company stock valued at $3,531,011. 9.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AppFolio

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Verdence Capital Advisors LLC boosted its position in shares of AppFolio by 2.7% during the 4th quarter. Verdence Capital Advisors LLC now owns 2,114 shares of the software maker’s stock worth $366,000 after purchasing an additional 55 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in AppFolio by 70.4% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 138 shares of the software maker’s stock valued at $25,000 after acquiring an additional 57 shares in the last quarter. FMR LLC lifted its position in AppFolio by 10.3% in the 3rd quarter. FMR LLC now owns 709 shares of the software maker’s stock valued at $130,000 after acquiring an additional 66 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in AppFolio by 0.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 10,531 shares of the software maker’s stock valued at $1,824,000 after acquiring an additional 75 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in AppFolio by 8.0% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,177 shares of the software maker’s stock valued at $124,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 62.34% of the company’s stock.

AppFolio Stock Performance

Shares of NASDAQ:APPF opened at $216.72 on Thursday. The company has a fifty day moving average of $231.83 and a 200-day moving average of $203.65. The company has a market capitalization of $7.77 billion, a PE ratio of 7,226.41 and a beta of 0.80. AppFolio has a 52-week low of $123.36 and a 52-week high of $253.42.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 25th. The software maker reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.29. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. The company had revenue of $171.83 million for the quarter, compared to analysts’ expectations of $162.80 million. On average, equities analysts forecast that AppFolio will post 2.66 EPS 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.