AppFolio, Inc. (NASDAQ:APPF) – Stock analysts at William Blair boosted their Q3 2017 earnings per share (EPS) estimates for shares of AppFolio in a report released on Tuesday. William Blair analyst B. Suri now expects that the software maker will post earnings per share of $0.01 for the quarter, up from their prior forecast of ($0.02). William Blair also issued estimates for AppFolio’s Q4 2017 earnings at $0.02 EPS, FY2017 earnings at $0.13 EPS and FY2018 earnings at $0.11 EPS.

APPF has been the topic of a number of other research reports. Morgan Stanley lifted their target price on AppFolio from $33.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday. Zacks Investment Research cut AppFolio from a “buy” rating to a “hold” rating in a report on Friday, July 21st. Credit Suisse Group reiterated a “neutral” rating and issued a $35.00 target price (up previously from $27.00) on shares of AppFolio in a report on Tuesday. BidaskClub upgraded AppFolio from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 21st. Finally, KeyCorp restated a “buy” rating on shares of AppFolio in a research note on Friday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $38.33.

ILLEGAL ACTIVITY WARNING: This news story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.watchlistnews.com/q3-2017-eps-estimates-for-appfolio-inc-appf-lifted-by-analyst/1471889.html.

AppFolio (APPF) opened at 35.80 on Friday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 1154.84 and a beta of 0.78. The stock’s 50 day moving average price is $34.16 and its 200 day moving average price is $28.30. AppFolio has a 52 week low of $17.51 and a 52 week high of $38.85.

Hedge funds and other institutional investors have recently modified their holdings of the company. Blair William & Co. IL boosted its position in shares of AppFolio by 3.6% in the first quarter. Blair William & Co. IL now owns 109,040 shares of the software maker’s stock worth $2,710,000 after buying an additional 3,775 shares in the last quarter. State Street Corp boosted its position in shares of AppFolio by 14.4% in the fourth quarter. State Street Corp now owns 96,083 shares of the software maker’s stock worth $2,293,000 after buying an additional 12,096 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of AppFolio during the first quarter worth approximately $388,000. Strs Ohio bought a new position in shares of AppFolio during the first quarter worth approximately $359,000. Finally, American International Group Inc. boosted its position in shares of AppFolio by 7.2% in the first quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock worth $127,000 after buying an additional 314 shares in the last quarter. Institutional investors own 16.85% of the company’s stock.

In other AppFolio news, insider William E. Oberndorf sold 220,000 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $31.25, for a total transaction of $6,875,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Global Fund Ii L.P. Dragoneer sold 503,300 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $35.79, for a total value of $18,013,107.00. Following the transaction, the insider now owns 52,263 shares in the company, valued at approximately $1,870,492.77. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,592,011 shares of company stock worth $52,506,807. 44.77% of the stock is currently owned by insiders.

About AppFolio

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.

Receive News & Ratings for AppFolio Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.