AppFolio, Inc. (NASDAQ:APPF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of AppFolio, Inc. (NASDAQ:APPF) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $276.29.

A number of brokerages recently issued reports on APPF. Stephens reissued an “overweight” rating and issued a $295.00 price objective on shares of AppFolio in a report on Friday, January 31st. Piper Sandler reissued a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a report on Friday, January 10th. Finally, William Blair reissued an “outperform” rating on shares of AppFolio in a report on Friday, January 31st.

AppFolio Trading Up 1.4 %

Shares of AppFolio stock opened at $214.50 on Friday. The business’s 50 day simple moving average is $238.08 and its 200-day simple moving average is $233.64. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 38.65 and a beta of 0.88. AppFolio has a twelve month low of $189.01 and a twelve month high of $274.56.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. Sell-side analysts predict that AppFolio will post 3.96 earnings per share for the current year.

Insider Buying and Selling at AppFolio

In other news, Director Scanlan Agnes Bundy sold 500 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $255.42, for a total transaction of $127,710.00. Following the completion of the sale, the director now directly owns 5,416 shares of the company’s stock, valued at $1,383,354.72. This trade represents a 8.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Shane Trigg sold 3,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the sale, the chief executive officer now directly owns 83,824 shares of the company’s stock, valued at approximately $18,212,440.48. This represents a 4.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,684 shares of company stock valued at $2,372,625. 5.24% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AppFolio

Several large investors have recently modified their holdings of the stock. Azzad Asset Management Inc. ADV boosted its stake in shares of AppFolio by 30.9% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 8,656 shares of the software maker’s stock worth $2,136,000 after acquiring an additional 2,044 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of AppFolio in the fourth quarter valued at $103,503,000. Cache Advisors LLC purchased a new stake in shares of AppFolio in the fourth quarter valued at $218,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of AppFolio in the fourth quarter valued at $227,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AppFolio by 0.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 118,219 shares of the software maker’s stock valued at $29,167,000 after purchasing an additional 502 shares in the last quarter. 85.19% of the stock is owned by institutional investors.

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.