AppFolio Inc (APPF) Expected to Announce Quarterly Sales of $48.07 Million

Equities analysts forecast that AppFolio Inc (NASDAQ:APPF) will post $48.07 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for AppFolio’s earnings, with estimates ranging from $47.80 million to $48.33 million. AppFolio posted sales of $37.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 26.8%. The business is scheduled to issue its next earnings results on Monday, February 25th.

According to Zacks, analysts expect that AppFolio will report full-year sales of $187.62 million for the current year, with estimates ranging from $187.34 million to $188.03 million. For the next year, analysts forecast that the company will report sales of $237.43 million, with estimates ranging from $231.60 million to $242.18 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow AppFolio.

AppFolio (NASDAQ:APPF) last posted its earnings results on Monday, October 29th. The software maker reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). AppFolio had a return on equity of 20.57% and a net margin of 11.20%. The business had revenue of $50.13 million during the quarter, compared to the consensus estimate of $47.72 million. The business’s revenue was up 32.2% on a year-over-year basis.

Several equities analysts recently commented on the stock. BidaskClub downgraded shares of AppFolio from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Zacks Investment Research downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, TheStreet downgraded shares of AppFolio from a “b-” rating to a “c+” rating in a report on Thursday, November 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. AppFolio presently has an average rating of “Hold” and a consensus target price of $70.50.

AppFolio stock opened at $61.77 on Tuesday. AppFolio has a twelve month low of $37.56 and a twelve month high of $91.49. The stock has a market capitalization of $2.10 billion, a PE ratio of 220.61 and a beta of 1.41.

In related news, Director William R. Rauth III sold 20,000 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $63.40, for a total transaction of $1,268,000.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $1,268,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Walker sold 30,000 shares of the company’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of $73.03, for a total transaction of $2,190,900.00. Following the transaction, the insider now owns 30,000 shares in the company, valued at $2,190,900. The disclosure for this sale can be found here. Corporate insiders own 41.96% of the company’s stock.

A number of large investors have recently modified their holdings of APPF. Vanguard Group Inc. grew its holdings in AppFolio by 34.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,668,897 shares of the software maker’s stock valued at $130,842,000 after purchasing an additional 424,004 shares during the last quarter. Granite Investment Partners LLC bought a new position in AppFolio in the 2nd quarter worth about $16,046,000. BlackRock Inc. grew its stake in AppFolio by 37.3% in the 2nd quarter. BlackRock Inc. now owns 894,987 shares of the software maker’s stock worth $54,728,000 after acquiring an additional 243,372 shares in the last quarter. Northern Trust Corp grew its stake in AppFolio by 69.6% in the 2nd quarter. Northern Trust Corp now owns 215,607 shares of the software maker’s stock worth $13,186,000 after acquiring an additional 88,508 shares in the last quarter. Finally, Osterweis Capital Management Inc. bought a new position in AppFolio in the 2nd quarter worth about $5,021,000. Institutional investors own 30.62% of the company’s stock.

About AppFolio

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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Earnings History and Estimates for AppFolio (NASDAQ:APPF)

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