Analysts predict that AppFolio Inc (NASDAQ:APPF) will report sales of $48.15 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for AppFolio’s earnings, with the lowest sales estimate coming in at $47.80 million and the highest estimate coming in at $48.33 million. AppFolio reported sales of $37.90 million in the same quarter last year, which indicates a positive year over year growth rate of 27%. The company is expected to announce its next quarterly earnings report on Monday, February 25th.

On average, analysts expect that AppFolio will report full-year sales of $187.72 million for the current year, with estimates ranging from $187.34 million to $188.03 million. For the next financial year, analysts expect that the firm will report sales of $237.43 million, with estimates ranging from $231.60 million to $242.18 million. Zacks’ sales calculations are an average based on a survey of analysts that cover AppFolio.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Monday, October 29th. The software maker reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.05). The company had revenue of $50.13 million for the quarter, compared to analyst estimates of $47.72 million. AppFolio had a return on equity of 20.57% and a net margin of 11.20%. The firm’s revenue for the quarter was up 32.2% on a year-over-year basis.

Several research analysts have weighed in on the company. DA Davidson assumed coverage on AppFolio in a research report on Wednesday. They set a “neutral” rating and a $66.00 price target on the stock. BidaskClub raised shares of AppFolio from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. TheStreet downgraded shares of AppFolio from a “b-” rating to a “c+” rating in a report on Thursday, November 1st. Finally, Zacks Investment Research downgraded shares of AppFolio from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. AppFolio has a consensus rating of “Hold” and an average price target of $69.00.

In related news, insider Jonathan Walker sold 30,000 shares of the stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $73.03, for a total value of $2,190,900.00. Following the completion of the transaction, the insider now owns 30,000 shares of the company’s stock, valued at approximately $2,190,900. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William R. Rauth III sold 20,000 shares of the stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $63.40, for a total transaction of $1,268,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,268,000. The disclosure for this sale can be found here. 41.96% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in shares of AppFolio by 15.9% during the second quarter. Victory Capital Management Inc. now owns 6,476 shares of the software maker’s stock worth $396,000 after buying an additional 888 shares during the period. Globeflex Capital L P raised its holdings in shares of AppFolio by 11.9% during the second quarter. Globeflex Capital L P now owns 11,300 shares of the software maker’s stock worth $691,000 after purchasing an additional 1,200 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of AppFolio by 6.3% during the third quarter. Teachers Advisors LLC now owns 29,574 shares of the software maker’s stock worth $2,319,000 after purchasing an additional 1,743 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of AppFolio by 60.5% during the second quarter. Metropolitan Life Insurance Co. NY now owns 4,857 shares of the software maker’s stock worth $297,000 after purchasing an additional 1,831 shares during the last quarter. Finally, Ibex Investors LLC purchased a new position in shares of AppFolio during the third quarter worth $203,000. 30.62% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:APPF traded down $0.28 during trading on Tuesday, hitting $60.50. 21,878 shares of the company were exchanged, compared to its average volume of 143,124. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 216.07 and a beta of 1.41. AppFolio has a fifty-two week low of $37.56 and a fifty-two week high of $91.49.

AppFolio Company Profile

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.

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Earnings History and Estimates for AppFolio (NASDAQ:APPF)

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