AppFolio (NASDAQ:APPF) Releases Quarterly Earnings Results, Misses Estimates By $0.34 EPS

AppFolio (NASDAQ:APPF) released its quarterly earnings results on Thursday. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34), Zacks reports. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. AppFolio updated its FY 2025 guidance to EPS.

AppFolio Trading Up 1.4 %

Shares of NASDAQ:APPF traded up $3.61 during midday trading on Thursday, reaching $253.58. 388,871 shares of the company were exchanged, compared to its average volume of 245,183. The stock has a market cap of $9.21 billion, a PE ratio of 70.64 and a beta of 0.87. The business’s fifty day moving average is $253.64 and its two-hundred day moving average is $235.86. AppFolio has a one year low of $189.01 and a one year high of $274.56.

Insider Buying and Selling at AppFolio

In other news, major shareholder Maurice J. Duca sold 2,510 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $229.21, for a total value of $575,317.10. Following the sale, the insider now directly owns 2,459 shares in the company, valued at $563,627.39. The trade was a 50.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Matthew S. Mazza sold 926 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $229.04, for a total value of $212,091.04. Following the completion of the sale, the insider now directly owns 33,819 shares of the company’s stock, valued at $7,745,903.76. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,606 shares of company stock valued at $5,958,832 in the last 90 days. Insiders own 5.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. in a research report on Friday, January 10th. Piper Sandler cut shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 target price for the company. in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their price target for the stock from $255.00 to $193.00 in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, AppFolio has an average rating of “Hold” and an average price target of $268.57.

AppFolio Company Profile

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.