AppFolio, Inc. Shares of (NASDAQ: APPF – Get Rating ) increased trading volume on Friday after KeyCorp lifted their price target on the stock from $131.00 to $141.00. KeyCorp currently has an overweight rating on the stock. 104,607 shares changed hands during the trading session, an increase of 18% from the previous session’s 88,828 shares. The stock last traded at $105.43 and previously closed at $114.94.
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Several other analysts also recently commented on the company. Da Davidson boosted their price objective on AppFolio from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, January 24th. StockNews.com cut AppFolio from a “hold” rating to a “sell” rating in a research note on Saturday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $119.50, according to data obtained by MarketBeat.
AppFolio institutional marketing
Institutional investors and hedge funds recently modified their holdings of the stock. Echo Street Capital Management LLC increased its stake in AppFolio by 142.2% in the 2nd quarter. Echo Street Capital Management LLC now owns 1,095,413 shares of the software maker’s stock worth $99,288,000 after buying an additional 643,119 shares in the last quarter. 12 West Capital Management LP increased its stake in Apfolio by 243.3% during the 3rd quarter. 12 West Capital Management LP now owns 309,000 shares of the software maker’s stock worth $32,358,000 after buying an additional 219,000 shares in the last quarter. Long Path Partners LP purchased a new stake in Apfolio during the 3rd quarter valued at about $18,175,000. Nellore Capital Management LLC bought a new stake in AppFolio during the 1st quarter worth about $16,069,000. Finally, Renaissance Technologies LLC increased its stake in Apfolio by 495.1% during the 2nd quarter. Renaissance Technologies LLC now owns 108,900 shares of the software maker’s stock worth $9,871,000 after purchasing an additional 90,600 shares in the last quarter. 64.79% of the shares are owned by institutional investors.
AppFolio’s stock performance
The business has a 50-day simple moving average of $111.84 and a two-hundred-day simple moving average of $108.06. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -54.36 and a beta of 1.01.
AppFolio (NASDAQ:APPF – Find Rating ) last issued its quarterly earnings results on Thursday, October 27th. The software maker reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.38. AppFolio had a negative return on equity of 24.75% and a negative net margin of 14.44%. The company had revenue of $125.08 million for the quarter, compared to the consensus estimate of $118.90 million. On average, analysts expect AppFolio, Inc. It will post -0.45 earnings per share for the current fiscal year.
AppFolio Company Profile
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AppFolio, Inc., provides cloud-based business software solutions, services and data analytics for the real estate industry. The company offers AppFolio Property Manager, a property management solution designed to address property management companies and their business ecosystems, and AppFolio Investment Management, a cloud-based software solution that provides tools for real estate investment managers of various sizes. Services designed to facilitate real estate investment management businesses.
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