Shares of AppFolio, Inc. (NASDAQ:APPF – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $248.71.
Several equities analysts recently weighed in on APPF shares. Keefe, Bruyette & Woods raised their price target on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. KeyCorp boosted their price target on shares of AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Stephens restated an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a report on Friday, April 26th. Finally, Piper Sandler initiated coverage on shares of AppFolio in a research note on Monday, June 10th. They issued an “overweight” rating and a $295.00 target price on the stock.
Check Out Our Latest Report on AppFolio
Insider Transactions at AppFolio
Institutional Investors Weigh In On AppFolio
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in AppFolio by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker’s stock valued at $531,139,000 after purchasing an additional 73,965 shares in the last quarter. Fred Alger Management LLC lifted its holdings in shares of AppFolio by 12.2% during the 3rd quarter. Fred Alger Management LLC now owns 572,007 shares of the software maker’s stock worth $104,466,000 after acquiring an additional 62,347 shares during the last quarter. Gilder Gagnon Howe & Co. LLC lifted its holdings in shares of AppFolio by 3.8% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 421,309 shares of the software maker’s stock worth $72,988,000 after acquiring an additional 15,283 shares during the last quarter. Norges Bank purchased a new position in AppFolio in the fourth quarter worth $38,458,000. Finally, Zeno Equity Partners LLP increased its stake in AppFolio by 6.6% in the first quarter. Zeno Equity Partners LLP now owns 205,781 shares of the software maker’s stock valued at $50,774,000 after acquiring an additional 12,786 shares during the last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.
AppFolio Stock Up 0.1 %
NASDAQ APPF opened at $232.13 on Tuesday. AppFolio has a 52 week low of $162.32 and a 52 week high of $256.73. The business has a 50 day moving average price of $232.86 and a 200-day moving average price of $218.33. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 112.14 and a beta of 0.80.
AppFolio (NASDAQ:APPF – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.09. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. The firm had revenue of $187.43 million for the quarter, compared to the consensus estimate of $173.66 million. On average, equities research analysts anticipate that AppFolio will post 2.85 earnings per share for the current 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.
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