AppFolio (APPF) Expected to Announce Quarterly Earnings on Thursday

AppFolio (NASDAQ:APPF) is projected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect AppFolio to post earnings of $0.94 per share and revenue of $199,860.00 billion for the quarter. AppFolio has set its FY 2024 guidance at EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The firm had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. During the same period in the prior year, the firm posted $0.26 EPS. The company’s revenue for the quarter was up 24.5% on a year-over-year basis. 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

APPF opened at $260.39 on Wednesday. The stock has a fifty day moving average of $250.72 and a 200-day moving average of $235.64. AppFolio has a fifty-two week low of $172.98 and a fifty-two week high of $274.56. The company has a market capitalization of $9.46 billion, a P/E ratio of 72.53 and a beta of 0.87.

Insiders Place Their Bets

In other AppFolio news, major shareholder Maurice J. Duca sold 1,059 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $229.10, for a total value of $242,616.90. Following the completion of the transaction, the insider now owns 9,388 shares of the company’s stock, valued at $2,150,790.80. This represents a 10.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Matthew S. Mazza sold 926 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $229.04, for a total value of $212,091.04. Following the completion of the transaction, the insider now owns 33,819 shares of the company’s stock, valued at $7,745,903.76. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,768 shares of company stock valued at $5,744,891. 5.24% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on APPF. Piper Sandler downgraded shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price target for the company. in a research report on Monday, January 6th. Keefe, Bruyette & Woods cut AppFolio from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $268.57.

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.