Analysts Set AppFolio, Inc. (NASDAQ:APPF) Target Price at $243.50

AppFolio, Inc. (NASDAQ:APPF) has been assigned an average recommendation of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $243.50.

APPF has been the topic of a number of recent analyst reports. Piper Sandler lowered their price target on shares of AppFolio from $245.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 24th. Wall Street Zen downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. UBS Group set a $210.00 price target on shares of AppFolio in a research report on Friday, April 24th. Guggenheim began coverage on shares of AppFolio in a report on Wednesday, July 22nd. They issued a “buy” rating and a $232.00 price target on the stock. Finally, Weiss Ratings upgraded AppFolio from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday.

Insiders Place Their Bets

In other AppFolio news, major shareholder Maurice J. Duca sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $180.32, for a total value of $1,298,304.00. Following the sale, the insider owned 42,400 shares of the company’s stock, valued at $7,645,568. This trade represents a 14.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 112,969 shares of company stock valued at $21,112,424. 1.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. lifted its position in AppFolio by 20.9% during the first quarter. Principal Financial Group Inc. now owns 1,505,882 shares of the software maker’s stock valued at $237,665,000 after purchasing an additional 259,933 shares during the last quarter. Lead Edge Capital Management LLC bought a new position in shares of AppFolio in the 1st quarter worth $33,183,000. Greenstone Partners & Co. LLC bought a new position in shares of AppFolio in the 4th quarter worth $43,647,000. Millennium Management LLC raised its position in shares of AppFolio by 158.6% during the 4th quarter. Millennium Management LLC now owns 281,495 shares of the software maker’s stock valued at $65,490,000 after buying an additional 172,627 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of AppFolio during the 2nd quarter valued at $23,524,000. Hedge funds and other institutional investors own 85.19% of the company’s stock.

AppFolio Stock Performance

Shares of APPF opened at $203.97 on Friday. The business has a 50-day moving average of $172.09 and a 200 day moving average of $170.49. AppFolio has a fifty-two week low of $142.56 and a fifty-two week high of $288.73. The firm has a market cap of $7.22 billion, a P/E ratio of 46.57 and a beta of 0.78.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, July 23rd. The software maker reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.02. The company had revenue of $281.12 million for the quarter, compared to analysts’ expectations of $277.35 million. AppFolio had a net margin of 15.13% and a return on equity of 32.42%. AppFolio’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 EPS. As a group, research analysts predict that AppFolio will post 5.16 earnings per share for the current fiscal year.

More AppFolio News

Here are the key news stories impacting AppFolio this week:

• Positive Sentiment: AppFolio’s latest quarter exceeded expectations: earnings reached $1.71 per share versus the $1.69 consensus estimate, while revenue of $281.12 million surpassed forecasts of $277.35 million. Revenue grew 19.3% year over year, and analysts expect full-year earnings of approximately $5.16 per share. AppFolio quarterly results
• Positive Sentiment: Analyst coverage remains constructive. AppFolio carries a consensus “Buy” rating and an average price target of $243.50, with Guggenheim initiating coverage at “Buy” and Benchmark raising its target to $226. AppFolio analyst ratings
• Positive Sentiment: Institutional ownership provides additional support: 85.19% of shares are held by institutions and hedge funds, while Vanguard, Principal Financial, T. Rowe Price and William Blair recently increased their positions. AppFolio institutional ownership
• Neutral Sentiment: Major shareholder Maurice J. Duca sold 17,900 shares for approximately $3.57 million across August 10–11. The transactions were executed under a pre-arranged Rule 10b5-1 plan, making them a less clear indicator of current confidence in AppFolio’s outlook. SEC filing for Maurice Duca
• Neutral Sentiment: General Counsel Evan Pickering sold 463 shares, while insider Don Rigler sold 150 shares. These sales were also made through pre-arranged plans, primarily to cover tax withholding on vested equity awards. SEC filings for AppFolio insider sales
• Negative Sentiment: Despite its growth, APPF trades at a relatively demanding valuation, with a price-to-earnings ratio near 45. Repeated insider selling could create a short-term overhang, while Piper Sandler’s lower $210 target and Wall Street Zen’s downgrade to “Hold” highlight downside risks if growth or execution weakens.

AppFolio Company Profile

AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers.

In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms.