AppFolio, Inc. (NASDAQ:APPF) had its price objective lifted by Morgan Stanley from $38.00 to $46.00 in a report issued on Tuesday. The brokerage presently has an “equal weight” rating on the software maker’s stock. Morgan Stanley’s price objective would indicate a potential upside of 8.24% from the stock’s current price.

A number of other research firms have also recently commented on APPF. Zacks Investment Research cut AppFolio from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. KeyCorp reissued a “hold” rating on shares of AppFolio in a report on Monday, November 6th. BidaskClub raised AppFolio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $35.00 price target (up from $27.00) on shares of AppFolio in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. AppFolio presently has an average rating of “Buy” and an average target price of $43.00.

AppFolio (NASDAQ APPF) traded down $0.90 during mid-day trading on Tuesday, hitting $42.50. The stock had a trading volume of 113,100 shares, compared to its average volume of 100,776. AppFolio has a 12-month low of $20.15 and a 12-month high of $52.25. The stock has a market cap of $1,473.26, a PE ratio of 271.25 and a beta of 0.70.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Monday, November 6th. The software maker reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. AppFolio had a return on equity of 7.91% and a net margin of 4.37%. The company had revenue of $37.90 million for the quarter, compared to analysts’ expectations of $36.16 million. AppFolio’s quarterly revenue was up 34.6% on a year-over-year basis. equities analysts predict that AppFolio will post 0.23 earnings per share for the current year.

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In other AppFolio news, Director Janet Kerr sold 1,576 shares of AppFolio stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $43.08, for a total value of $67,894.08. Following the sale, the director now owns 17,189 shares of the company’s stock, valued at approximately $740,502.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan Walker sold 30,000 shares of AppFolio stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $44.58, for a total value of $1,337,400.00. Following the completion of the sale, the insider now directly owns 1,554,025 shares in the company, valued at approximately $69,278,434.50. The disclosure for this sale can be found here. Insiders own 44.77% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cavalier Investments LLC bought a new position in shares of AppFolio during the 3rd quarter valued at approximately $590,000. Geode Capital Management LLC increased its position in shares of AppFolio by 12.0% during the 1st quarter. Geode Capital Management LLC now owns 88,033 shares of the software maker’s stock valued at $2,394,000 after purchasing an additional 9,458 shares during the last quarter. Chicago Equity Partners LLC bought a new position in shares of AppFolio during the 2nd quarter valued at approximately $1,173,000. Schwab Charles Investment Management Inc. bought a new position in shares of AppFolio during the 2nd quarter valued at approximately $476,000. Finally, Vanguard Group Inc. increased its position in shares of AppFolio by 25.3% during the 1st quarter. Vanguard Group Inc. now owns 386,278 shares of the software maker’s stock valued at $10,507,000 after purchasing an additional 78,048 shares during the last quarter. 22.52% of the stock is currently owned by hedge funds and other institutional investors.

AppFolio Company Profile

AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.

Analyst Recommendations for AppFolio (NASDAQ:APPF)

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