AppFolio Stock Gets Increased EPS Estimate from KeyCorp
by Jessica Moore · The Cerbat GemAppFolio, Inc. (NASDAQ:APPF – Free Report) – Equities research analysts at KeyCorp raised their Q3 2026 earnings per share (EPS) estimates for AppFolio in a research note issued to investors on Tuesday, October 13th. KeyCorp analyst J. Celino now expects that the software maker will post earnings of $1.35 per share for the quarter, up from their previous forecast of $1.34. KeyCorp currently has an “Overweight” rating on the stock. The consensus estimate for AppFolio’s current full-year earnings is $5.18 per share. KeyCorp also issued estimates for AppFolio’s FY2026 earnings at $5.21 EPS, Q3 2027 earnings at $1.70 EPS and FY2027 earnings at $6.48 EPS.
AppFolio (NASDAQ:APPF – Get Free Report) last released 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. AppFolio had a return on equity of 32.42% and a net margin of 15.13%. The business had revenue of $281.12 million during the quarter, compared to analyst estimates of $277.35 million. During the same period in the prior year, the firm posted $1.38 EPS. AppFolio’s quarterly revenue was up 19.3% compared to the same quarter last year.
Several other analysts also recently commented on APPF. UBS Group downgraded shares of AppFolio from a “buy” rating to a “neutral” rating and set a $220.00 target price for the company. in a report on Wednesday, October 7th. Wall Street Zen downgraded AppFolio from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. DA Davidson set a $240.00 target price on AppFolio in a report on Monday, September 28th. Guggenheim began coverage on AppFolio in a report on Wednesday, July 22nd. They issued a “buy” rating and a $232.00 target price for the company. Finally, Weiss Ratings raised AppFolio from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, AppFolio presently has a consensus rating of “Moderate Buy” and an average price target of $249.75.
Get Our Latest Research Report on AppFolio
AppFolio Price Performance
NASDAQ APPF opened at $211.91 on Monday. AppFolio has a 1 year low of $142.56 and a 1 year high of $265.02. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 48.38 and a beta of 0.89. The company has a fifty day moving average price of $211.07 and a 200-day moving average price of $181.45.
Hedge Funds Weigh In On AppFolio
Several institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. raised its stake in shares of AppFolio by 827.8% in the first quarter. Optiver Holding B.V. now owns 167 shares of the software maker’s stock valued at $26,000 after buying an additional 149 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of AppFolio during the 2nd quarter valued at $36,000. Versant Capital Management Inc grew its stake in shares of AppFolio by 169.0% during the 2nd quarter. Versant Capital Management Inc now owns 452 shares of the software maker’s stock worth $72,000 after acquiring an additional 284 shares during the period. Parallel Advisors LLC grew its stake in shares of AppFolio by 25.1% during the 1st quarter. Parallel Advisors LLC now owns 703 shares of the software maker’s stock worth $111,000 after acquiring an additional 141 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of AppFolio by 74.5% during the 2nd quarter. GAMMA Investing LLC now owns 834 shares of the software maker’s stock worth $134,000 after acquiring an additional 356 shares during the period. Hedge funds and other institutional investors own 85.19% of the company’s stock.
Insider Buying and Selling at AppFolio
In other news, major shareholder Maurice Duca sold 7,200 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $194.72, for a total transaction of $1,401,984.00. Following the completion of the transaction, the insider directly owned 24,224 shares of the company’s stock, valued at $4,716,897.28. This represents a 22.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 141,817 shares of company stock worth $27,942,484. 1.57% of the stock is owned by corporate insiders.
AppFolio Company Profile
AppFolio, Inc is a cloud-based software company that provides technology solutions for the real estate industry. Its platform is designed primarily for property management businesses, helping them manage accounting, leasing, maintenance, communications, payments, reporting and other operational activities through a centralized system.
The company’s products serve a range of property managers, including those overseeing residential, commercial, community association, student housing and senior living properties.