AppFolio (APPF) Expected to Announce Earnings on Thursday

AppFolio (NASDAQ:APPF) is expected to be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.94 per share and revenue of $199,860.00 billion for the quarter. AppFolio has set its FY 2024 guidance at EPS.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The company had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. During the same quarter in the prior year, the business posted $0.26 EPS. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Stock Up 2.4 %

Shares of AppFolio stock opened at $252.49 on Thursday. The business has a fifty day simple moving average of $248.41 and a 200 day simple moving average of $235.46. The stock has a market cap of $9.17 billion, a PE ratio of 70.33 and a beta of 0.87. AppFolio has a 12 month low of $171.19 and a 12 month high of $274.56.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on APPF shares. KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. Piper Sandler lowered shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price objective on the stock. in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods downgraded shares of AppFolio from a “market perform” rating to an “underperform” rating and lowered their target price 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 five have assigned a buy rating to the company. According to data from MarketBeat, AppFolio has an average rating of “Hold” and an average price target of $261.88.

Insider Activity at AppFolio

In related news, CEO William Shane Trigg sold 3,500 shares of the business’s 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 sale, the chief executive officer now directly owns 74,327 shares of the company’s stock, valued at approximately $17,084,060.95. The trade was a 4.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Matthew S. Mazza sold 5,090 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $236.24, for a total value of $1,202,461.60. Following the transaction, the insider now owns 28,266 shares of the company’s stock, valued at approximately $6,677,559.84. This trade represents a 15.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 23,768 shares of company stock worth $5,744,891. 5.24% of the stock is owned by company insiders.

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.