AppFolio (APPF) Set to Announce Quarterly Earnings on Thursday

by · The Cerbat Gem

AppFolio (NASDAQ:APPF – Get Free Report) will issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $1.02 per share for the quarter. AppFolio has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

AppFolio (NASDAQ:APPF – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The software maker reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.16. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The firm had revenue of $197.38 million during the quarter, compared to analyst estimates of $190.57 million. During the same quarter last year, the business posted ($0.53) EPS. The company’s revenue was up 34.2% 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 Down 1.1 %

Shares of NASDAQ:APPF opened at $198.43 on Wednesday. The company’s fifty day moving average is $225.11 and its two-hundred day moving average is $231.88. The company has a market cap of $7.19 billion, a P/E ratio of 95.86 and a beta of 0.81. AppFolio has a 12-month low of $164.29 and a 12-month high of $274.56.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. DA Davidson increased their price target on shares of AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Piper Sandler boosted their price objective on shares of AppFolio from $295.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. KeyCorp upped their price objective on shares of AppFolio from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods lowered shares of AppFolio from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, AppFolio presently has an average rating of “Moderate Buy” and an average target price of $272.13.

Read Our Latest Analysis on AppFolio

Insiders Place Their Bets

In related news, major shareholder Maurice J. Duca sold 1,296 shares of AppFolio stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $236.77, for a total value of $306,853.92. Following the completion of the sale, the insider now owns 9,383 shares of the company’s stock, valued at approximately $2,221,612.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO William Shane Trigg sold 3,501 shares of AppFolio stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.98, for a total value of $766,648.98. Following the transaction, the chief executive officer now owns 81,699 shares of the company’s stock, valued at $17,890,447.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Maurice J. Duca sold 1,296 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $236.77, for a total transaction of $306,853.92. Following the sale, the insider now directly owns 9,383 shares of the company’s stock, valued at approximately $2,221,612.91. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,479 shares of company stock valued at $6,891,732 over the last ninety days. Corporate insiders own 9.15% of the company’s stock.

About AppFolio

(Get Free Report)

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.

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