AppFolio (APPF) to Release Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, January 25th. The software maker reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.29. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. The firm had revenue of $171.83 million for the quarter, compared to the consensus estimate of $162.80 million. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Price Performance

APPF opened at $214.79 on Tuesday. AppFolio has a fifty-two week low of $123.36 and a fifty-two week high of $253.42. The firm’s fifty day moving average price is $230.45 and its two-hundred day moving average price is $204.35. The company has a market capitalization of $7.70 billion, a P/E ratio of 7,162.05 and a beta of 0.80.

Analyst Ratings Changes

APPF has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on AppFolio from $228.00 to $237.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Stephens reissued an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a report on Friday, January 26th. KeyCorp lifted their price objective on AppFolio from $254.00 to $264.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Finally, BTIG Research initiated coverage on AppFolio in a report on Friday, January 19th. They set a “buy” rating and a $215.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.40.

Insider Activity at AppFolio

In related news, Director Timothy K. Bliss sold 10,000 shares of AppFolio stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $227.24, for a total value of $2,272,400.00. Following the completion of the transaction, the director now directly owns 51,070 shares of the company’s stock, valued at $11,605,146.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Timothy K. Bliss sold 10,000 shares of AppFolio stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $227.24, for a total value of $2,272,400.00. Following the completion of the transaction, the director now directly owns 51,070 shares of the company’s stock, valued at $11,605,146.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Olivia Nottebohm sold 989 shares of AppFolio stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the completion of the transaction, the director now directly owns 1,909 shares of the company’s stock, valued at $461,500.75. The disclosure for this sale can be found here. Insiders sold 15,489 shares of company stock valued at $3,531,011 over the last ninety days. 9.15% of the stock is owned by insiders.

About AppFolio

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.