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.
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.
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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