Recent Investment Analyst Rating Changes for AppFolio (APPF)


A number of companies have changed their ratings and price targets on the shares of AppFolio (NASDAQ: APPF) recently:

  • 05/19/2022 – AppFolio has been downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “AppFolio, Inc. offers cloud-based software solutions for the property management and legal industries. It offers AppFolio Property Manager, a solution for property managers that includes business listing and tracking job vacancies for tenants, managing the entire rental process electronically, administering maintenance and repairs with their supplier networks, managing accounting and reporting to landlords MyCase solution for practitioners and small practices attorneys, providing time tracking, billing and payments, communicating with clients, coordinating with other attorneys and support staff, managing and assembling legal documents, and general administration services Value+ services include websites and electronic payment services AppFolio, Inc. is headquartered in Goleta, Cali forged. “
  • 05/18/2022 – AppFolio has been downgraded by StockNews.com analysts from a “hold” rating to a “sell” rating.
  • 05/10/2022 – AppFolio has been upgraded by StockNews.com analysts from a “sell” rating to a “hold” rating.
  • 03/05/2022 – AppFolio has been upgraded by analysts at Zacks Investment Research from a ‘strong sell’ rating to a ‘hold’ rating. According to Zacks, “AppFolio, Inc. offers cloud-based software solutions for the property management and legal industries. It offers AppFolio Property Manager, a solution for property managers that includes business listing and tracking job vacancies for tenants, managing the entire rental process electronically, administering maintenance and repairs with their supplier networks, managing accounting and reporting to landlords MyCase solution for practitioners and small practices attorneys, providing time tracking, billing and payments, communicating with clients, coordinating with other attorneys and support staff, managing and assembling legal documents, and general administration services Value+ services include websites and electronic payment services AppFolio, Inc. is headquartered in Goleta, Cali forged. “
  • 04/08/2022 – AppFolio has been upgraded by KeyCorp analysts from a “sector weight” rating to an “overweight” rating. They now have a price target of $143.00 on the stock.
  • 03/31/2022 – AppFolio is now covered by StockNews.com analysts. They put a “sell” mark on the stock.

APPF shares traded at $4.05 during Friday trading hours, hitting $97.34. The company had a trading volume of 173,130 shares, compared to an average volume of 136,105. AppFolio, Inc. has a 52-week low of $79.92 and a 52-week high of $150.78. The stock’s 50-day moving average price is $106.91 and its 200-day moving average price is $115.65. The company has a market capitalization of $3.39 billion, a P/E ratio of -249.59 and a beta of 1.03.

AppFolio (NASDAQ:APPF – Get Rating) last reported quarterly results on Monday, May 9. The software maker reported ($0.41) EPS for the quarter, missing analyst consensus estimates of ($0.05) by ($0.36). AppFolio had a negative return on equity of 4.72% and a negative net margin of 3.56%. During the same period of the previous year, the company made earnings per share of $0.01. On average, equity research analysts expect AppFolio, Inc. to post -1.6 earnings per share for the current fiscal year.

In other AppFolio news, Director Janet Kerr sold 550 shares of the company in a trade dated Monday, May 16. The shares were sold at an average price of $92.61, for a total value of $50,935.50. Following the transaction, the administrator now owns 16,498 shares of the company, valued at $1,527,879.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Company insiders hold 36.02% of the company’s shares.

A number of hedge funds and other institutional investors have recently changed their holdings in the company. Norges Bank bought a new position in shares of AppFolio in Q4 for a value of approximately $19,116,000. Gobi Capital LLC increased its stake in AppFolio by 100.0% in the third quarter. Gobi Capital LLC now owns 295,948 shares of the software maker worth $35,632,000 after purchasing an additional 147,974 shares during the period. Nellore Capital Management LLC bought a new position in AppFolio in the first quarter worth $16,069,000. Skye Global Management LP increased its position in AppFolio by 896.2% during the fourth quarter. Skye Global Management LP now owns 130,500 shares of the software maker valued at $15,798,000 after buying an additional 117,400 shares during the period. Finally, Long Walk Management LP increased its shareholdings in AppFolio shares by 37.2% during the 4th quarter. Long Walk Management LP now owns 358,737 shares of the software maker valued at $43,429,000 after buying an additional 97,210 shares last quarter. Institutional investors and hedge funds hold 66.03% of the company’s shares.

AppFolio, Inc, together with its subsidiaries, provides cloud-based business management solutions for the real estate industry. The Company offers AppFolio Property Manager, a platform for leveraging process automation, an easy-to-use interface, and optimization of common workflows for property management companies, as well as performing and record critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow clients to digitize their existing processes, performance insights, smart revenue management and integrations through select partners and dedicated strategic account managers; and AppFolio Investment Management, a solution designed to enable real estate investment management organizations to manage investor relations by improving transparency and streamlining certain business processes.

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