AppFolio (NASDAQ:APPF) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of AppFolio (NASDAQ:APPF) from a buy rating to a strong-buy rating in a report issued on Wednesday, BidAskClub reports.

APPF has been the subject of several other reports. ValuEngine upgraded shares of AppFolio from a sell rating to a hold rating in a research note on Monday, November 11th. Zacks Investment Research downgraded shares of AppFolio from a buy rating to a hold rating in a research note on Tuesday, December 31st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $96.28.

APPF stock traded up $0.38 on Wednesday, hitting $123.26. 5,191 shares of the company were exchanged, compared to its average volume of 75,958. AppFolio has a twelve month low of $59.02 and a twelve month high of $122.61. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.53. The business’s fifty day moving average is $112.56 and its two-hundred day moving average is $102.04. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 220.11 and a beta of 1.18.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Monday, October 28th. The software maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. AppFolio had a net margin of 14.44% and a return on equity of 32.06%. The firm had revenue of $67.90 million during the quarter, compared to analyst estimates of $67.08 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. AppFolio’s revenue for the quarter was up 35.5% compared to the same quarter last year. Equities research analysts expect that AppFolio will post 0.92 earnings per share for the current year.

In other AppFolio news, Director William R. Rauth III sold 3,517 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $104.00, for a total transaction of $365,768.00. Following the completion of the sale, the director now directly owns 20,000 shares in the company, valued at $2,080,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 42.46% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APPF. Ingalls & Snyder LLC boosted its stake in shares of AppFolio by 2.6% in the fourth quarter. Ingalls & Snyder LLC now owns 6,755 shares of the software maker’s stock valued at $743,000 after purchasing an additional 170 shares during the period. Carroll Financial Associates Inc. purchased a new position in shares of AppFolio in the fourth quarter valued at $41,000. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of AppFolio by 110.4% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 485,640 shares of the software maker’s stock valued at $46,204,000 after purchasing an additional 254,874 shares during the period. Squarepoint Ops LLC boosted its stake in shares of AppFolio by 83.8% in the third quarter. Squarepoint Ops LLC now owns 8,454 shares of the software maker’s stock valued at $804,000 after purchasing an additional 3,854 shares during the period. Finally, Barclays PLC boosted its stake in shares of AppFolio by 24.0% in the third quarter. Barclays PLC now owns 12,247 shares of the software maker’s stock valued at $1,165,000 after purchasing an additional 2,370 shares during the period. Institutional investors own 37.08% of the company’s stock.

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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