AppFolio (APPF) Scheduled to Post Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPFGet Rating) is set to issue its quarterly earnings data after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. AppFolio has set its FY 2022 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPFGet Rating) last posted its earnings results on Thursday, October 27th. The software maker reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.38. The firm had revenue of $125.08 million for the quarter, compared to analyst estimates of $118.90 million. AppFolio had a negative return on equity of 17.72% and a negative net margin of 11.22%. On average, analysts expect AppFolio to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AppFolio Trading Up 1.9 %

Shares of AppFolio stock traded up $2.23 during trading on Tuesday, reaching $119.07. The stock had a trading volume of 71,063 shares, compared to its average volume of 85,544. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of -83.27 and a beta of 1.01. The stock has a fifty day moving average price of $112.35 and a two-hundred day moving average price of $107.82. AppFolio has a 52 week low of $79.92 and a 52 week high of $127.74.

Analyst Upgrades and Downgrades

APPF has been the topic of a number of research reports. StockNews.com lowered AppFolio from a “hold” rating to a “sell” rating in a report on Saturday, November 19th. DA Davidson boosted their price target on AppFolio from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, KeyCorp cut their price target on AppFolio from $143.00 to $131.00 and set an “overweight” rating on the stock in a report on Friday, October 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $117.00.

Insider Buying and Selling

In related news, major shareholder Maurice J. Duca sold 600 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $105.05, for a total transaction of $63,030.00. Following the sale, the insider now owns 59,383 shares in the company, valued at $6,238,184.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AppFolio

Institutional investors have recently bought and sold shares of the business. Graham Capital Management L.P. acquired a new position in AppFolio during the first quarter worth approximately $490,000. Ensign Peak Advisors Inc increased its position in AppFolio by 14.4% during the third quarter. Ensign Peak Advisors Inc now owns 4,200 shares of the software maker’s stock worth $440,000 after buying an additional 530 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in AppFolio by 157.3% during the second quarter. BNP Paribas Arbitrage SA now owns 4,255 shares of the software maker’s stock worth $386,000 after buying an additional 2,601 shares during the last quarter. Bank of Montreal Can acquired a new position in AppFolio during the second quarter worth approximately $383,000. Finally, Virtu Financial LLC acquired a new position in AppFolio during the first quarter worth approximately $353,000. Institutional investors and hedge funds own 64.79% of the company’s stock.

AppFolio Company Profile

(Get Rating)

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes.

Featured Stories

Earnings History for AppFolio (NASDAQ:APPF)

Receive News & Ratings for AppFolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio and related companies with MarketBeat.com's FREE daily email newsletter.