Brokerages Set AppFolio, Inc. (NASDAQ:APPF) Target Price at $276.29

Shares of AppFolio, Inc. (NASDAQ:APPF) have received an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $276.29.

A number of analysts recently issued reports on APPF shares. William Blair reissued an “outperform” rating 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 target price on the stock. in a research note on Friday, January 10th. Piper Sandler restated a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a research note on Friday, January 31st. Finally, Stephens reaffirmed an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a report on Friday, January 31st.

Insider Activity at AppFolio

In other news, Director Alexander Wolf purchased 9,678 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the transaction, the director now owns 3,226 shares of the company’s stock, valued at $692,977.06. This trade represents a -150.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Matthew S. Mazza sold 838 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the transaction, the insider now owns 22,701 shares in the company, valued at $5,795,565.30. The trade was a 3.56 % decrease in their position. The disclosure for this sale can be found here. 5.24% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AppFolio

A number of hedge funds have recently modified their holdings of the business. Colonial Trust Co SC acquired a new position in AppFolio during the fourth quarter worth about $28,000. UMB Bank n.a. boosted its holdings in shares of AppFolio by 193.0% during the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after purchasing an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of AppFolio during the 4th quarter worth approximately $50,000. Aster Capital Management DIFC Ltd grew its position in shares of AppFolio by 10,300.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock valued at $51,000 after purchasing an additional 206 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of AppFolio by 1,485.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock valued at $55,000 after purchasing an additional 208 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Stock Down 1.7 %

Shares of APPF stock opened at $221.30 on Thursday. AppFolio has a 52-week low of $189.01 and a 52-week high of $274.56. The stock has a market cap of $8.06 billion, a PE ratio of 39.87 and a beta of 0.89. The business has a 50-day simple moving average of $225.38 and a 200-day simple moving average of $232.48.

AppFolio (NASDAQ:APPF) last announced 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 net margin of 25.69% and a return on equity of 26.21%. Sell-side analysts anticipate that AppFolio will post 3.96 earnings per share for the current fiscal year.

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.