Shares of AppFolio Inc (NASDAQ:APPF) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $87.03.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. DA Davidson initiated coverage on shares of Heartland Banccorp in a research report on Tuesday, April 16th. They issued a “buy” rating and a $96.00 price objective on the stock. KeyCorp initiated coverage on shares of Pluralsight in a research report on Tuesday, July 16th. They issued an “overweight” rating and a $40.00 price objective on the stock. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Finally, Morgan Stanley lifted their price objective on shares of Sonic Automotive from $10.00 to $18.00 and gave the stock an “underweight” rating in a research report on Monday, May 6th.

Shares of APPF stock traded down $2.62 during trading hours on Monday, hitting $103.18. 313,017 shares of the company’s stock traded hands, compared to its average volume of 135,817. The firm has a 50 day moving average price of $103.90. The stock has a market cap of $3.60 billion, a PE ratio of 184.25 and a beta of 1.20. AppFolio has a 12 month low of $51.15 and a 12 month high of $109.89. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.71.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.04). The business had revenue of $57.10 million for the quarter, compared to the consensus estimate of $56.77 million. AppFolio had a net margin of 9.46% and a return on equity of 19.56%. AppFolio’s revenue was up 35.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. Equities analysts forecast that AppFolio will post 0.48 earnings per share for the current fiscal year.

In other news, CFO Ida Kathleen Kane sold 2,500 shares of AppFolio stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $93.29, for a total value of $233,225.00. Following the completion of the transaction, the chief financial officer now owns 2,500 shares in the company, valued at $233,225. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy K. Bliss sold 15,000 shares of AppFolio stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $95.97, for a total transaction of $1,439,550.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,701 shares of company stock worth $4,864,550. Insiders own 42.46% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in AppFolio by 6.3% in the 4th quarter. BlackRock Inc. now owns 990,684 shares of the software maker’s stock worth $58,668,000 after buying an additional 58,572 shares in the last quarter. Dimensional Fund Advisors LP increased its position in AppFolio by 24.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 268,322 shares of the software maker’s stock valued at $15,889,000 after purchasing an additional 52,387 shares during the period. FMR LLC purchased a new position in AppFolio during the 1st quarter valued at $4,105,000. American Century Companies Inc. increased its position in AppFolio by 126.5% during the 4th quarter. American Century Companies Inc. now owns 92,484 shares of the software maker’s stock valued at $5,477,000 after purchasing an additional 51,659 shares during the period. Finally, Granite Investment Partners LLC increased its position in AppFolio by 18.3% during the 1st quarter. Granite Investment Partners LLC now owns 291,070 shares of the software maker’s stock valued at $23,111,000 after purchasing an additional 45,127 shares during the period. Hedge funds and other institutional investors own 31.17% of the company’s stock.

AppFolio Company Profile

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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