Wall Street brokerages forecast that AppFolio Inc (NASDAQ:APPF) will post $0.11 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for AppFolio’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.08. AppFolio reported earnings per share of $0.24 during the same quarter last year, which suggests a negative year-over-year growth rate of 54.2%. The company is scheduled to issue its next earnings report after the market closes on Monday, July 29th.

According to Zacks, analysts expect that AppFolio will report full-year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.57. For the next financial year, analysts forecast that the company will report earnings of $0.73 per share, with EPS estimates ranging from $0.60 to $0.90. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow AppFolio.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, May 2nd. The software maker reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.04). The firm had revenue of $57.10 million during the quarter, compared to analyst estimates of $56.77 million. AppFolio had a net margin of 9.46% and a return on equity of 19.56%. The firm’s revenue for the quarter was up 35.0% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS.

APPF has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on Sonic Automotive from $10.00 to $18.00 and gave the company an “underweight” rating in a research note on Monday, May 6th. DA Davidson initiated coverage on Heartland Banccorp in a research note on Tuesday, April 16th. They set a “buy” rating and a $96.00 price objective on the stock. BidaskClub raised Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. KeyCorp initiated coverage on Pluralsight in a research note on Tuesday, July 16th. They set an “overweight” rating and a $40.00 price objective on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Activision Blizzard in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. AppFolio currently has an average rating of “Hold” and an average price target of $92.28.

In related news, Director William R. Rauth III sold 20,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $96.11, for a total transaction of $1,922,200.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $1,922,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William R. Rauth III sold 9,701 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $105.10, for a total value of $1,019,575.10. Following the transaction, the director now owns 20,000 shares in the company, valued at $2,102,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,701 shares of company stock worth $4,864,550. Corporate insiders own 42.46% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in AppFolio during the first quarter worth about $93,000. NEXT Financial Group Inc purchased a new position in AppFolio during the second quarter worth about $166,000. Gilder Gagnon Howe & Co. LLC purchased a new position in AppFolio during the first quarter worth about $147,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in AppFolio during the first quarter worth about $261,000. Finally, Advisor Group Inc. lifted its position in AppFolio by 50.6% during the fourth quarter. Advisor Group Inc. now owns 3,350 shares of the software maker’s stock worth $199,000 after buying an additional 1,125 shares during the period. Hedge funds and other institutional investors own 31.17% of the company’s stock.

Shares of APPF traded up $1.55 during trading hours on Friday, reaching $105.80. 144,804 shares of the company traded hands, compared to its average volume of 141,273. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market cap of $3.55 billion, a PE ratio of 188.93 and a beta of 1.20. AppFolio has a fifty-two week low of $51.15 and a fifty-two week high of $109.89. The company’s fifty day moving average price is $103.71.

About AppFolio

AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.

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Earnings History and Estimates for AppFolio (NASDAQ:APPF)

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