AppFolio Inc (APPF) Given Consensus Recommendation of “Hold” by Brokerages
Shares of AppFolio Inc (NASDAQ:APPF) have received an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $43.00.
A number of equities research analysts have recently commented on the stock. Morgan Stanley increased their target price on shares of AppFolio from $38.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of AppFolio from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a research report on Thursday, November 9th. KeyCorp reiterated a “hold” rating on shares of AppFolio in a research report on Monday, November 6th. Finally, BidaskClub cut shares of AppFolio from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th.
In other news, insider Jonathan Walker sold 30,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $44.58, for a total value of $1,337,400.00. Following the completion of the sale, the insider now directly owns 1,554,025 shares in the company, valued at $69,278,434.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Janet Kerr sold 1,576 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $43.08, for a total transaction of $67,894.08. Following the completion of the sale, the director now owns 17,189 shares of the company’s stock, valued at $740,502.12. The disclosure for this sale can be found here. 44.77% of the stock is owned by corporate insiders.
AppFolio (NASDAQ:APPF) opened at $40.65 on Thursday. The stock has a market cap of $1,380.00 and a price-to-earnings ratio of 239.12. AppFolio has a twelve month low of $21.63 and a twelve month high of $52.25.
AppFolio (NASDAQ:APPF) last issued its earnings results on Monday, November 6th. The software maker reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The business had revenue of $37.90 million during the quarter, compared to analysts’ expectations of $36.16 million. AppFolio had a net margin of 4.37% and a return on equity of 7.91%. AppFolio’s revenue for the quarter was up 34.6% compared to the same quarter last year. analysts predict that AppFolio will post 0.25 EPS for the current fiscal year.
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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