AppFolio (NASDAQ:APPF) Lowered to “C+” at TheStreet

TheStreet lowered shares of AppFolio (NASDAQ:APPF) from a b- rating to a c+ rating in a research report released on Monday, TheStreetRatingsTable reports.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of AppFolio from a buy rating to a hold rating in a report on Tuesday, December 31st. BidaskClub cut shares of AppFolio from a buy rating to a hold rating in a report on Thursday, March 12th. Finally, DA Davidson upgraded shares of AppFolio from an underperform rating to a neutral rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $100.03.

APPF stock traded up $4.94 during mid-day trading on Monday, reaching $106.00. 142,520 shares of the stock traded hands, compared to its average volume of 135,129. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.61. AppFolio has a 52 week low of $76.04 and a 52 week high of $148.07. The business has a 50-day moving average of $118.51 and a two-hundred day moving average of $109.31. The firm has a market capitalization of $3.55 billion, a PE ratio of 103.92 and a beta of 1.15.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Monday, March 2nd. The software maker reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09. AppFolio had a net margin of 14.17% and a return on equity of 30.84%. The company had revenue of $67.36 million during the quarter, compared to analysts’ expectations of $66.61 million. During the same period in the prior year, the company earned $0.07 earnings per share. The business’s quarterly revenue was up 33.7% compared to the same quarter last year. On average, equities research analysts anticipate that AppFolio will post 0.47 EPS for the current fiscal year.

In related news, Director William R. Rauth III sold 10,112 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $122.25, for a total value of $1,236,192.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at $2,445,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jonathan Walker sold 12,761 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $140.56, for a total transaction of $1,793,686.16. Following the completion of the transaction, the chief technology officer now directly owns 16,489 shares of the company’s stock, valued at approximately $2,317,693.84. The disclosure for this sale can be found here. 42.46% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of APPF. FMR LLC acquired a new position in AppFolio in the first quarter worth about $4,105,000. State Street Corp raised its position in AppFolio by 1.0% in the third quarter. State Street Corp now owns 334,825 shares of the software maker’s stock worth $31,855,000 after purchasing an additional 3,412 shares in the last quarter. California State Teachers Retirement System raised its position in AppFolio by 3.8% in the third quarter. California State Teachers Retirement System now owns 24,487 shares of the software maker’s stock worth $2,330,000 after purchasing an additional 901 shares in the last quarter. Barclays PLC raised its position in AppFolio by 24.0% in the third quarter. Barclays PLC now owns 12,247 shares of the software maker’s stock worth $1,165,000 after purchasing an additional 2,370 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in AppFolio by 83.8% in the third quarter. Squarepoint Ops LLC now owns 8,454 shares of the software maker’s stock worth $804,000 after purchasing an additional 3,854 shares in the last quarter. 37.32% of the stock is owned by hedge funds and other institutional investors.

AppFolio Company Profile

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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