AppFolio (NASDAQ:APPF) Announces Quarterly Earnings Results, Misses Estimates By $0.36 EPS

AppFolio (NASDAQ:APPFGet Rating) posted its quarterly earnings results on Monday. The software maker reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.36), MarketWatch Earnings reports. AppFolio had a net margin of 0.29% and a return on equity of 0.35%. During the same period last year, the business earned $0.01 EPS. AppFolio updated its FY 2022 guidance to EPS.

APPF stock traded down $13.91 during mid-day trading on Tuesday, hitting $85.84. The stock had a trading volume of 615,516 shares, compared to its average volume of 134,062. The stock has a market cap of $2.99 billion, a PE ratio of 2,881.63 and a beta of 1.03. The business’s fifty day moving average price is $111.36. AppFolio has a 1-year low of $79.92 and a 1-year high of $150.78.

APPF has been the topic of several recent analyst reports. Zacks Investment Research raised AppFolio from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. KeyCorp raised AppFolio from a “sector weight” rating to an “overweight” rating and set a $143.00 target price on the stock in a research report on Friday, April 8th. Stephens raised AppFolio from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $105.00 to $107.00 in a research report on Tuesday, February 8th. Finally, StockNews.com began coverage on AppFolio in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $124.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in APPF. UBS Group AG boosted its stake in shares of AppFolio by 775.5% during the 3rd quarter. UBS Group AG now owns 1,287 shares of the software maker’s stock worth $155,000 after acquiring an additional 1,140 shares in the last quarter. NEXT Financial Group Inc boosted its stake in shares of AppFolio by 14.4% during the 4th quarter. NEXT Financial Group Inc now owns 1,564 shares of the software maker’s stock worth $189,000 after acquiring an additional 197 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of AppFolio by 12.5% during the 3rd quarter. Royal Bank of Canada now owns 1,946 shares of the software maker’s stock worth $234,000 after acquiring an additional 216 shares in the last quarter. OLD Mission Capital LLC bought a new stake in shares of AppFolio during the 3rd quarter worth about $270,000. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of AppFolio by 385.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 3,384 shares of the software maker’s stock worth $407,000 after acquiring an additional 2,687 shares in the last quarter. Institutional investors own 66.03% of the company’s stock.

About AppFolio (Get Rating)

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes.

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Earnings History for AppFolio (NASDAQ:APPF)

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