JPMorgan Chase & Co. Issues Pessimistic Forecast for AppFolio (NASDAQ:APPF) Stock Price

AppFolio (NASDAQ:APPF) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $330.00 to $300.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the software maker’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 58.09% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of AppFolio from $311.00 to $290.00 and set an “outperform” rating on the stock in a report on Friday. DA Davidson decreased their target price on shares of AppFolio from $325.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group set a $260.00 target price on AppFolio and gave the stock a “buy” rating in a report on Friday. Wells Fargo & Company reaffirmed a “buy” rating on shares of AppFolio in a report on Thursday, January 15th. Finally, Weiss Ratings downgraded AppFolio from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $274.29.

AppFolio Price Performance

NASDAQ:APPF traded down $17.34 during mid-day trading on Friday, reaching $189.76. The stock had a trading volume of 1,152,686 shares, compared to its average volume of 363,444. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 34.07 and a beta of 0.78. AppFolio has a 1-year low of $186.45 and a 1-year high of $326.04. The stock’s 50 day simple moving average is $227.86 and its two-hundred day simple moving average is $249.87.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, January 29th. The software maker reported $1.39 EPS for the quarter, topping the consensus estimate of $1.22 by $0.17. AppFolio had a net margin of 22.48% and a return on equity of 25.97%. The business had revenue of $248.19 million during the quarter, compared to analyst estimates of $246.56 million. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Sell-side analysts anticipate that AppFolio will post 3.96 EPS for the current fiscal year.

Insider Transactions at AppFolio

In related news, CFO Timothy Mathias Eaton sold 517 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $228.34, for a total value of $118,051.78. Following the transaction, the chief financial officer owned 10,104 shares in the company, valued at approximately $2,307,147.36. This represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Shane Trigg sold 3,947 shares of AppFolio stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $240.45, for a total transaction of $949,056.15. Following the completion of the transaction, the chief executive officer owned 51,530 shares of the company’s stock, valued at $12,390,388.50. The trade was a 7.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,745 shares of company stock worth $2,097,550 in the last ninety days. Company insiders own 4.68% of the company’s stock.

Institutional Trading of AppFolio

Institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC grew its position in AppFolio by 17.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 2,147 shares of the software maker’s stock valued at $500,000 after purchasing an additional 326 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of AppFolio by 6.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,395 shares of the software maker’s stock valued at $790,000 after purchasing an additional 219 shares during the last quarter. State of Michigan Retirement System raised its position in AppFolio by 1.9% in the fourth quarter. State of Michigan Retirement System now owns 5,500 shares of the software maker’s stock worth $1,280,000 after acquiring an additional 100 shares during the period. Sanctuary Advisors LLC raised its holdings in AppFolio by 10.0% in the 4th quarter. Sanctuary Advisors LLC now owns 944 shares of the software maker’s stock worth $220,000 after purchasing an additional 86 shares during the period. Finally, Quent Capital LLC lifted its position in shares of AppFolio by 22,763.6% during the 4th quarter. Quent Capital LLC now owns 5,030 shares of the software maker’s stock valued at $1,170,000 after buying an additional 5,008 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Key Stories Impacting AppFolio

Here are the key news stories impacting AppFolio this week:

• Positive Sentiment: Q4 results beat consensus — AppFolio reported $1.39 EPS vs. $1.22 expected and revenue of $248.2M (+21.7% YoY), showing strong upsell and value‑added services momentum. This underpins the company’s profitability and growth story. Earnings Release / Transcript
• Positive Sentiment: Independent upgrade: Seeking Alpha upgraded APPF to a “Buy” after the post‑earnings dip, highlighting FY26 guidance implying ~17% revenue growth, margin expansion and a compressed EV/revenue multiple that the author views as an attractive entry point. Seeking Alpha Upgrade
• Neutral Sentiment: Strategic 2026 revenue target set: Management outlined a $1.10B–$1.12B revenue target tied to AI‑driven product adoption and a premium tier push — positive for long‑term monetization but market reaction was mixed given expectations. MSN Article
• Negative Sentiment: Multiple analysts trimmed price targets shortly after results — DA Davidson cut its target from $325 to $275 (still a “Buy”), Piper Sandler lowered its target to $245 (“Overweight”), and others trimmed targets while retaining positive ratings. Target cuts put near‑term pressure on the stock despite maintained bullish stances. Benzinga (PT cuts)
• Negative Sentiment: Market reaction to FY26 guidance disappointed some investors — headlines note shares slipped after management’s guidance, suggesting the street expected stronger forward metrics despite the solid quarter. That contributed to elevated sell‑side activity and heavier volume. Investing.com (market reaction)

About AppFolio

AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers.

In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms.