AppFolio (NASDAQ:APPF) Releases FY 2021 Earnings Guidance

AppFolio (NASDAQ:APPF) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $348 million-355 million, compared to the consensus revenue estimate of $346.91 million.

A number of research firms have recently commented on APPF. DA Davidson upgraded AppFolio from an underperform rating to a neutral rating and cut their price objective for the stock from $126.00 to $122.00 in a report on Tuesday, May 11th. They noted that the move was a valuation call. TheStreet downgraded AppFolio from a b rating to a c+ rating in a report on Wednesday, March 24th. Finally, Zacks Investment Research upgraded AppFolio from a sell rating to a hold rating in a report on Tuesday, May 4th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $144.50.

NASDAQ APPF traded up $1.80 during mid-day trading on Thursday, reaching $140.38. 1,198 shares of the company’s stock traded hands, compared to its average volume of 161,490. AppFolio has a 1-year low of $110.22 and a 1-year high of $186.59. The firm’s fifty day simple moving average is $137.80. The stock has a market capitalization of $4.84 billion, a P/E ratio of 31.70 and a beta of 1.10.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Sunday, May 9th. The software maker reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). AppFolio had a net margin of 49.58% and a return on equity of 62.71%. Equities research analysts predict that AppFolio will post 0.2 earnings per share for the current year.

In other AppFolio news, CFO Ida Kathleen Kane sold 5,000 shares of AppFolio stock in a transaction on Monday, March 15th. The stock was sold at an average price of $141.22, for a total transaction of $706,100.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Maurice J. Duca sold 17,200 shares of AppFolio stock in a transaction on Monday, April 26th. The shares were sold at an average price of $147.40, for a total value of $2,535,280.00. Following the sale, the insider now directly owns 78,397 shares in the company, valued at approximately $11,555,717.80. The disclosure for this sale can be found here. Insiders have sold a total of 27,200 shares of company stock valued at $3,941,430 in the last 90 days. Insiders own 36.02% of the company’s stock.

A hedge fund recently bought a new stake in AppFolio stock. OLD Mission Capital LLC bought a new position in shares of AppFolio, Inc. (NASDAQ:APPF) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,905 shares of the software maker’s stock, valued at approximately $270,000. Institutional investors and hedge funds own 46.48% of the company’s stock.

About AppFolio

AppFolio, Inc, together with its subsidiaries, provides industry-specific 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 the operational and business requirements of property management companies and their business ecosystems; and AppFolio Investment Management, a cloud-based software solution for real estate investment managers of various sizes that provide tools and services designed to streamline their real estate investment management businesses.

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Earnings History and Estimates for AppFolio (NASDAQ:APPF)

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