AppFolio Inc (NASDAQ:APPF) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $116.73 and last traded at $116.16, with a volume of 928 shares trading hands. The stock had previously closed at $114.42.
Several research analysts have recently commented on APPF shares. BidaskClub upgraded AppFolio from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 28th. ValuEngine upgraded AppFolio from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Zacks Investment Research raised AppFolio from a “hold” rating to a “strong-buy” rating and set a $109.00 price target for the company in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $92.53.
The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 208.38 and a beta of 1.20. 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 firm has a 50 day moving average price of $99.81 and a 200-day moving average price of $99.24.
AppFolio (NASDAQ:APPF) last released its earnings results on Monday, October 28th. The software maker reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.05. The firm had revenue of $67.90 million during the quarter, compared to analysts’ expectations of $67.08 million. AppFolio had a return on equity of 32.06% and a net margin of 14.44%. AppFolio’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. Equities research analysts predict that AppFolio Inc 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 company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $104.00, for a total transaction of $365,768.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $2,080,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jason Robert Randall sold 15,690 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $95.16, for a total transaction of $1,493,060.40. The disclosure for this sale can be found here. In the last three months, insiders sold 28,517 shares of company stock worth $2,752,311. Insiders own 42.46% of the company’s stock.
A number of institutional investors have recently modified their holdings of APPF. Aperio Group LLC purchased a new stake in AppFolio during the second quarter worth $69,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in AppFolio during the 2nd quarter worth about $72,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in AppFolio in the 2nd quarter valued at about $125,000. Atria Investments LLC acquired a new position in AppFolio in the 2nd quarter valued at about $126,000. Finally, NEXT Financial Group Inc purchased a new position in AppFolio in the 2nd quarter valued at about $166,000. Institutional investors own 37.17% of the company’s stock.
AppFolio Company Profile (NASDAQ:APPF)
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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