AppFolio (APPF) Earning Somewhat Positive Media Coverage, Study Finds
News headlines about AppFolio (NASDAQ:APPF) have trended somewhat positive this week, according to Alpha One Sentiment. The research group, a subsidiary of Accern, identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AppFolio earned a news sentiment score of 0.19 on Alpha One’s scale. Alpha One also assigned news headlines about the software maker an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the next few days.
Shares of AppFolio (NASDAQ:APPF) traded up 0.18% during trading on Friday, hitting $28.00. 10,519 shares of the stock traded hands. AppFolio has a 1-year low of $12.92 and a 1-year high of $29.15. The firm’s market capitalization is $947.91 million. The firm has a 50-day moving average of $26.67 and a 200-day moving average of $23.84.
AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Friday, May 5th. The software maker reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.09. AppFolio had a negative net margin of 11.11% and a negative return on equity of 15.48%. The business had revenue of $32.13 million during the quarter, compared to analysts’ expectations of $30.20 million. On average, equities analysts forecast that AppFolio will post $0.14 earnings per share for the current year.
A number of analysts recently weighed in on APPF shares. Pacific Crest reissued a “hold” rating on shares of AppFolio in a report on Monday, May 8th. Credit Suisse Group AG raised their price target on shares of AppFolio from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, February 28th. William Blair reaffirmed a “positive” rating on shares of AppFolio in a report on Tuesday, February 28th. Finally, Zacks Investment Research raised shares of AppFolio from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a report on Thursday, May 11th.
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In other news, major shareholder Global Fund Ii L.P. Dragoneer sold 400,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $24.80, for a total value of $9,920,000.00. Following the completion of the sale, the insider now directly owns 6,029 shares in the company, valued at approximately $149,519.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder William E. Oberndorf sold 3,250 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $27.00, for a total transaction of $87,750.00. The disclosure for this sale can be found here. In the last three months, insiders sold 846,882 shares of company stock valued at $20,536,954.
AppFolio Company Profile
AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.
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