Analysts expect AppFolio Inc (NASDAQ:APPF) to announce sales of $66.60 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for AppFolio’s earnings. The lowest sales estimate is $66.30 million and the highest is $66.90 million. AppFolio reported sales of $50.37 million during the same quarter last year, which indicates a positive year-over-year growth rate of 32.2%. The firm is scheduled to issue its next earnings results on Thursday, February 27th.
According to Zacks, analysts expect that AppFolio will report full year sales of $255.23 million for the current fiscal year, with estimates ranging from $254.90 million to $255.55 million. For the next financial year, analysts forecast that the business will post sales of $323.79 million, with estimates ranging from $317.90 million to $329.68 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover AppFolio.
AppFolio (NASDAQ:APPF) last posted its earnings results on Monday, October 28th. The software maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. The company had revenue of $67.90 million for the quarter, compared to analysts’ expectations of $67.08 million. AppFolio had a return on equity of 32.06% and a net margin of 14.44%. The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share.
A number of equities research analysts have issued reports on APPF shares. Zacks Investment Research cut AppFolio from a “buy” rating to a “hold” rating in a research note on Tuesday, December 31st. ValuEngine upgraded AppFolio from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, BidaskClub upgraded shares of AppFolio from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. AppFolio currently has an average rating of “Hold” and an average target price of $96.28.
APPF stock traded down $0.89 during mid-day trading on Monday, reaching $124.68. The company had a trading volume of 56,302 shares, compared to its average volume of 77,345. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $4.28 billion, a P/E ratio of 128.54 and a beta of 1.18. AppFolio has a one year low of $59.02 and a one year high of $127.29. The stock’s 50-day simple moving average is $114.40 and its two-hundred day simple moving average is $103.02.
In related news, Director William R. Rauth III sold 3,517 shares of AppFolio stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $104.00, for a total transaction of $365,768.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at $2,080,000. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William R. Rauth III sold 10,112 shares of AppFolio stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $122.25, for a total transaction of $1,236,192.00. Following the sale, the director now owns 20,000 shares in the company, valued at $2,445,000. The disclosure for this sale can be found here. 42.46% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of APPF. Valeo Financial Advisors LLC raised its stake in shares of AppFolio by 54.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 236 shares of the software maker’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Carroll Financial Associates Inc. acquired a new position in AppFolio during the fourth quarter worth about $41,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in AppFolio by 24.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 871 shares of the software maker’s stock worth $83,000 after acquiring an additional 170 shares during the period. Atria Investments LLC acquired a new position in AppFolio during the second quarter worth about $126,000. Finally, Bank of Montreal Can grew its holdings in AppFolio by 289.9% during the second quarter. Bank of Montreal Can now owns 1,731 shares of the software maker’s stock worth $177,000 after acquiring an additional 1,287 shares during the period. Institutional investors and hedge funds own 37.08% of the company’s stock.
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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