Stephens Reiterates Overweight Rating for AppFolio (NASDAQ:APPF)

AppFolio (NASDAQ:APPF)‘s stock had its “overweight” rating reiterated by Stephens in a research report issued on Friday,Benzinga reports. They currently have a $295.00 price objective on the software maker’s stock. Stephens’ price objective would indicate a potential upside of 25.93% from the stock’s previous close.

APPF has been the subject of several other research reports. Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a research note on Friday. KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a research note on Friday, January 10th. Finally, Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, AppFolio presently has an average rating of “Hold” and a consensus price target of $276.29.

AppFolio Stock Performance

Shares of APPF traded down $19.32 during mid-day trading on Friday, hitting $234.27. 393,588 shares of the company were exchanged, compared to its average volume of 251,957. AppFolio has a 1-year low of $189.01 and a 1-year high of $274.56. The company has a 50 day moving average of $253.99 and a 200-day moving average of $235.99. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 65.32 and a beta of 0.87.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 30.64% and a net margin of 17.26%. Research analysts anticipate that AppFolio will post 3.2 earnings per share for the current fiscal year.

Insider Transactions at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 3,500 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $229.85, for a total transaction of $804,475.00. Following the sale, the chief executive officer now directly owns 74,327 shares in the company, valued at $17,084,060.95. This represents a 4.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Matthew S. Mazza sold 926 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $229.04, for a total transaction of $212,091.04. Following the sale, the insider now owns 33,819 shares in the company, valued at approximately $7,745,903.76. This trade represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,606 shares of company stock worth $5,958,832. 5.24% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AppFolio

A number of hedge funds have recently added to or reduced their stakes in APPF. Blue Trust Inc. raised its holdings in shares of AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of AppFolio by 688.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock valued at $52,000 after purchasing an additional 186 shares in the last quarter. Quarry LP raised its holdings in shares of AppFolio by 147.9% in the 2nd quarter. Quarry LP now owns 238 shares of the software maker’s stock valued at $58,000 after purchasing an additional 142 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of AppFolio in the 3rd quarter valued at $79,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.

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.