AppFolio (APPF) to Release Earnings on Thursday

AppFolio (NASDAQ:APPF) is expected to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.94 per share and revenue of $199,860.00 billion for the quarter. AppFolio has set its FY 2024 guidance at EPS.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The company had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. During the same period in the previous year, the business earned $0.26 earnings per share. The company’s quarterly revenue was up 24.5% on a year-over-year basis. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Trading Up 2.4 %

Shares of APPF opened at $252.49 on Thursday. The stock has a market cap of $9.17 billion, a PE ratio of 70.33 and a beta of 0.87. AppFolio has a 1 year low of $171.19 and a 1 year high of $274.56. The stock has a 50 day simple moving average of $248.41 and a 200-day simple moving average of $235.46.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Piper Sandler cut AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price objective for the company. in a report on Monday, January 6th. KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. Finally, Keefe, Bruyette & Woods lowered shares of AppFolio from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $255.00 to $193.00 in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $261.88.

Insider Activity at AppFolio

In related news, insider Matthew S. Mazza sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $255.50, for a total value of $178,850.00. Following the completion of the transaction, the insider now owns 27,566 shares in the company, valued at $7,043,113. The trade was a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William Shane Trigg sold 3,500 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $229.85, for a total value of $804,475.00. Following the transaction, the chief executive officer now directly owns 74,327 shares in the company, valued at approximately $17,084,060.95. This represents a 4.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,768 shares of company stock valued at $5,744,891 over the last ninety days. 5.24% of the stock is owned by insiders.

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.