AppFolio (APPF) to Release Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF) will issue its quarterly earnings data after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $0.92 per share for the quarter. AppFolio has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.09. The company had revenue of $187.43 million for the quarter, compared to analysts’ expectations of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. On average, analysts expect AppFolio to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

AppFolio Stock Performance

Shares of NASDAQ APPF opened at $270.02 on Wednesday. The firm has a market capitalization of $9.78 billion, a P/E ratio of 130.44 and a beta of 0.80. AppFolio has a one year low of $164.29 and a one year high of $274.56. The company’s fifty day moving average is $242.34 and its two-hundred day moving average is $229.95.

Insider Buying and Selling

In related news, Director Timothy K. Bliss sold 41,730 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $232.32, for a total value of $9,694,713.60. Following the sale, the director now directly owns 58,270 shares in the company, valued at approximately $13,537,286.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other AppFolio news, Director Timothy K. Bliss sold 41,730 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $232.32, for a total transaction of $9,694,713.60. Following the sale, the director now directly owns 58,270 shares of the company’s stock, valued at approximately $13,537,286.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Matthew S. Mazza sold 2,131 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $249.46, for a total transaction of $531,599.26. Following the sale, the insider now directly owns 43,680 shares in the company, valued at $10,896,412.80. The disclosure for this sale can be found here. Insiders have sold 124,982 shares of company stock worth $29,689,129 in the last three months. Corporate insiders own 9.15% of the company’s stock.

Analysts Set New Price Targets

APPF has been the topic of several research analyst reports. KeyCorp boosted their target price on shares of AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Piper Sandler restated an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research report on Friday, July 12th. JPMorgan Chase & Co. boosted their target price on shares of AppFolio from $260.00 to $328.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods boosted their target price on shares of AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Finally, Stephens restated an “overweight” rating and set a $241.00 target price on shares of AppFolio in a research report on Friday, April 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $261.71.

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.