News coverage about AppFolio (NASDAQ:APPF) has trended positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. AppFolio earned a daily sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 46.8880311888025 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
AppFolio stock traded up $0.90 during mid-day trading on Thursday, hitting $44.30. The company’s stock had a trading volume of 91,613 shares, compared to its average volume of 114,083. The firm has a market cap of $1,454.70, a price-to-earnings ratio of 158.57 and a beta of 0.63. AppFolio has a twelve month low of $25.05 and a twelve month high of $52.25.
AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Monday, February 26th. The software maker reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The business had revenue of $37.90 million during the quarter, compared to analyst estimates of $35.48 million. AppFolio had a return on equity of 12.48% and a net margin of 6.76%. The business’s revenue for the quarter was up 35.3% compared to the same quarter last year. analysts predict that AppFolio will post 0.37 EPS for the current fiscal year.
A number of research analysts recently commented on APPF shares. BidaskClub lowered shares of AppFolio from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Zacks Investment Research lowered shares of AppFolio from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. TheStreet lowered shares of AppFolio from a “c-” rating to a “d+” rating in a research note on Thursday, March 22nd. Finally, Morgan Stanley raised their price objective on shares of AppFolio from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $43.67.
In related news, Director William R. Rauth III sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $42.53, for a total value of $850,600.00. Following the completion of the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $850,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason Robert Randall sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $43.00, for a total transaction of $1,075,000.00. The disclosure for this sale can be found here. Insiders own 41.96% of the company’s stock.
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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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