AppFolio (APPF) Scheduled to Post Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF) is set to post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect AppFolio to post earnings of $1.02 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 posted its earnings results on Thursday, July 25th. The software maker reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.16. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The company had revenue of $197.38 million for the quarter, compared to analysts’ expectations of $190.57 million. During the same period last year, the business posted ($0.53) earnings per share. The firm’s quarterly revenue was up 34.2% compared to the same quarter last year. 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

AppFolio stock opened at $198.43 on Wednesday. AppFolio has a one year low of $164.29 and a one year high of $274.56. The company has a 50-day simple moving average of $225.11 and a 200-day simple moving average of $231.88. The firm has a market capitalization of $7.19 billion, a P/E ratio of 95.86 and a beta of 0.81.

Wall Street Analysts Forecast Growth

APPF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. DA Davidson increased their price objective on AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. StockNews.com lowered AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. Finally, KeyCorp raised their price target on AppFolio from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $272.13.

Insider Activity

In other news, major shareholder Maurice J. Duca sold 11,627 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $240.08, for a total value of $2,791,410.16. Following the completion of the sale, the insider now owns 27,768 shares in the company, valued at $6,666,541.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider Matthew S. Mazza sold 2,371 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $221.22, for a total transaction of $524,512.62. Following the completion of the sale, the insider now directly owns 39,980 shares in the company, valued at approximately $8,844,375.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Maurice J. Duca sold 11,627 shares of AppFolio stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $240.08, for a total transaction of $2,791,410.16. Following the completion of the transaction, the insider now owns 27,768 shares in the company, valued at approximately $6,666,541.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,479 shares of company stock worth $6,891,732. 9.15% of the stock is owned by company insiders.

AppFolio Company Profile

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.