DA Davidson Comments on AppFolio’s Q1 Earnings (NASDAQ:APPF)

AppFolio, Inc. (NASDAQ:APPF) – Investment analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for AppFolio in a note issued to investors on Friday, January 31st. DA Davidson analyst G. Luria expects that the software maker will post earnings per share of $0.92 for the quarter. The consensus estimate for AppFolio’s current full-year earnings is $4.21 per share.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%.

Other research analysts have also issued research reports about the stock. Piper Sandler reiterated a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. KeyCorp lowered shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a report on Friday, January 10th. Keefe, Bruyette & Woods lowered shares of AppFolio from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Finally, Stephens reaffirmed an “overweight” rating and set a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $276.29.

AppFolio Price Performance

Shares of NASDAQ APPF opened at $231.73 on Monday. The company has a 50 day simple moving average of $253.09 and a 200 day simple moving average of $235.00. The firm has a market cap of $8.42 billion, a PE ratio of 41.75 and a beta of 0.88. AppFolio has a 1 year low of $189.01 and a 1 year high of $274.56.

Insider Activity at AppFolio

In related news, CEO William Shane Trigg sold 3,500 shares of AppFolio stock in a transaction on Friday, November 15th. The shares were sold at an average price of $229.85, for a total value of $804,475.00. Following the completion of the sale, the chief executive officer now owns 74,327 shares of the company’s stock, valued at approximately $17,084,060.95. This trade represents a 4.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Matthew S. Mazza sold 926 shares of AppFolio stock in a transaction 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 transaction, the insider now directly owns 33,819 shares in the company, valued at $7,745,903.76. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,606 shares of company stock valued at $5,958,832. 5.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On AppFolio

A number of hedge funds have recently made changes to their positions in the business. State Street Corp raised its stake in shares of AppFolio by 8.2% during the 3rd quarter. State Street Corp now owns 653,136 shares of the software maker’s stock worth $153,748,000 after purchasing an additional 49,238 shares during the period. Lord Abbett & CO. LLC raised its stake in AppFolio by 82.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker’s stock valued at $108,116,000 after acquiring an additional 207,204 shares during the period. Geode Capital Management LLC raised its stake in AppFolio by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock valued at $97,252,000 after acquiring an additional 32,743 shares during the period. DF Dent & Co. Inc. raised its stake in AppFolio by 10.1% in the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock valued at $82,788,000 after acquiring an additional 32,181 shares during the period. Finally, Franklin Resources Inc. raised its stake in AppFolio by 31.2% in the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock valued at $51,800,000 after acquiring an additional 54,386 shares during the period. 85.19% of the stock is currently owned by institutional investors.

About AppFolio

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.