AppFolio Inc (NASDAQ:APPF) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $94.05.
Several brokerages have recently commented on APPF. DA Davidson lowered AppFolio from a “neutral” rating to an “underperform” rating in a report on Tuesday, July 30th. BidaskClub lowered AppFolio from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded AppFolio from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. Zacks Investment Research downgraded AppFolio from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, KeyCorp started coverage on AppFolio in a research report on Tuesday, July 16th. They issued a “sector weight” rating and a $106.10 target price for the company.
In related news, Director Janet Kerr sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $96.31, for a total value of $48,155.00. Following the completion of the sale, the director now owns 19,324 shares in the company, valued at approximately $1,861,094.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William R. Rauth III sold 9,701 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $105.10, for a total value of $1,019,575.10. Following the completion of the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $2,102,000. The disclosure for this sale can be found here. Insiders own 42.46% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC bought a new stake in AppFolio in the second quarter valued at approximately $69,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in AppFolio in the second quarter valued at approximately $72,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in AppFolio in the first quarter valued at approximately $93,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in AppFolio in the second quarter valued at approximately $125,000. Finally, Atria Investments LLC bought a new stake in AppFolio in the second quarter valued at approximately $126,000. Institutional investors own 33.06% of the company’s stock.
APPF stock opened at $99.69 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $3.39 billion, a PE ratio of 178.02 and a beta of 1.19. AppFolio has a twelve month low of $51.15 and a twelve month high of $109.89. The stock has a 50-day simple moving average of $98.22 and a two-hundred day simple moving average of $92.65.
AppFolio (NASDAQ:APPF) last posted its earnings results on Monday, July 29th. The software maker reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.54. The business had revenue of $63.60 million during the quarter, compared to analyst estimates of $63.71 million. AppFolio had a return on equity of 33.91% and a net margin of 15.85%. The company’s quarterly revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. On average, equities research analysts anticipate that AppFolio will post 0.88 EPS for the current fiscal year.
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.
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