AppFolio (APPF) Set to Announce Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, January 25th. The software maker reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.29. The business had revenue of $171.83 million for the quarter, compared to the consensus estimate of $162.80 million. AppFolio had a negative return on equity of 8.58% and a net margin of 0.44%. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Stock Performance

NASDAQ:APPF opened at $219.33 on Wednesday. The stock’s 50-day simple moving average is $230.24 and its 200 day simple moving average is $204.53. The company has a market cap of $7.87 billion, a P/E ratio of 7,313.44 and a beta of 0.80. AppFolio has a 52-week low of $123.36 and a 52-week high of $253.42.

Wall Street Analysts Forecast Growth

APPF has been the topic of a number of recent research reports. Stephens reaffirmed an “overweight” rating and issued a $241.00 target price on shares of AppFolio in a research report on Friday, January 26th. KeyCorp boosted their price target on AppFolio from $254.00 to $264.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. BTIG Research began coverage on AppFolio in a research report on Friday, January 19th. They set a “buy” rating and a $215.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on AppFolio from $228.00 to $237.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $239.40.

Insider Transactions at AppFolio

In other news, Director Olivia Nottebohm sold 989 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $241.75, for a total transaction of $239,090.75. Following the completion of the sale, the director now owns 1,909 shares in the company, valued at $461,500.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Olivia Nottebohm sold 989 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $241.75, for a total transaction of $239,090.75. Following the completion of the sale, the director now owns 1,909 shares in the company, valued at $461,500.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Timothy K. Bliss sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $227.24, for a total value of $2,272,400.00. Following the sale, the director now owns 51,070 shares of the company’s stock, valued at approximately $11,605,146.80. The disclosure for this sale can be found here. Insiders sold a total of 15,489 shares of company stock worth $3,531,011 over the last quarter. Company insiders own 9.15% of the company’s stock.

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.