AppFolio Inc (NASDAQ:APPF) traded up 5.3% during trading on Monday . The stock traded as high as $94.57 and last traded at $91.81, 208,469 shares changed hands during mid-day trading. An increase of 49% from the average session volume of 139,974 shares. The stock had previously closed at $87.17.
Several research analysts recently commented on the stock. TheStreet downgraded shares of AppFolio from a “b-” rating to a “c+” rating in a research note on Monday, March 23rd. BidaskClub downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Zacks Investment Research downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a research report on Tuesday, December 31st. Finally, DA Davidson raised shares of AppFolio from an “underperform” rating to a “neutral” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $100.03.
The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $3.34 billion, a P/E ratio of 92.68 and a beta of 1.14. The business has a 50-day moving average price of $110.34 and a 200 day moving average price of $109.30.
AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Monday, March 2nd. The software maker reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. The company had revenue of $67.36 million during the quarter, compared to the consensus estimate of $66.61 million. AppFolio had a return on equity of 30.84% and a net margin of 14.17%. AppFolio’s revenue was up 33.7% on a year-over-year basis. During the same period last year, the company earned $0.07 earnings per share. On average, sell-side analysts predict that AppFolio Inc will post 0.47 earnings per share for the current fiscal year.
In other news, CTO Jonathan Walker sold 12,761 shares of AppFolio stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $140.56, for a total transaction of $1,793,686.16. Following the completion of the sale, the chief technology officer now directly owns 16,489 shares in the company, valued at $2,317,693.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William R. Rauth III sold 10,112 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $122.25, for a total value of $1,236,192.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $2,445,000. The disclosure for this sale can be found here. 42.46% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Valeo Financial Advisors LLC grew its stake in AppFolio by 54.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 236 shares of the software maker’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Amalgamated Bank grew its stake in AppFolio by 6.0% in the fourth quarter. Amalgamated Bank now owns 2,859 shares of the software maker’s stock valued at $314,000 after purchasing an additional 163 shares during the last quarter. Ingalls & Snyder LLC grew its stake in shares of AppFolio by 2.6% during the fourth quarter. Ingalls & Snyder LLC now owns 6,755 shares of the software maker’s stock worth $743,000 after acquiring an additional 170 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of AppFolio during the fourth quarter worth about $8,961,000. Finally, UBS Asset Management Americas Inc. grew its stake in shares of AppFolio by 3.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 10,838 shares of the software maker’s stock worth $1,192,000 after acquiring an additional 355 shares during the last quarter. Institutional investors own 37.32% of the company’s stock.
About AppFolio (NASDAQ:APPF)
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.