AppFolio Inc. APPF Downgraded from 'Buy' to 'Hold' by StockNews.com

Investment research firm StockNews.com has revised its recommendation for APPF, AppFolio Inc., altering the stock's rating from 'buy' to 'hold'. This change was disclosed in their recent research report distributed to clients and investors on Thursday.

An Overview of AppFolio's Performance

Trading for APPF began at $198.85 on Thursday. The company has recently posted a fifty day moving average of $186.36 and a two-hundred day moving average of $172.49. AppFolio’s market capitalization stands at $7.11 billion, exhibiting a negative price-to-earnings ratio of -146.21 and a beta of 0.85. The stock has seen a 52-week low and high of $100.20 and $207.40 respectively.

Expert Analysis on AppFolio Rating

In addition to the downgrade by StockNews.com, other analysts have also delivered their perspectives on AppFolio. DA Davidson increased their price target on APPF from $230.00 to $240.00, affirming a 'buy' rating. Similarly, KeyCorp updated their price target from $210.00 to $223.00, maintaining an 'overweight' rating. Stephens raised AppFolio from 'equal weight' to 'overweight', pushing their price target from $184.00 to $212.00. Meanwhile, JPMorgan Chase & Co. commenced coverage on AppFolio with an 'overweight' rating and a $200.00 price goal. Lastly, William Blair shifted their rating from 'market perform' to 'outperform'. The consensus among market analysts is a 'Moderate Buy' for AppFolio with an average price target set at $218.75.

Noteworthy Insider Transactions

Recent insider trading for AppFolio has seen Director Janet Kerr sell 250 shares at an average price of $172.46, totaling $43,115.00. Following this transaction, Kerr directly owns 16,876 shares of the company, valued at approximately $2,910,434.96. All insider trading activity is fully disclosed in filings with the SEC and signifies active engagement by company insiders within the market.

Institutional Investor Activity

Significant investments have been made by institutional investors in AppFolio as well. Fred Alger Management LLC, for instance, expanded their holdings in APPF by 623.8%, owning now 497,164 shares valued at $52,391,000. GW&K Investment Management LLC initiated a new position, DF Dent & Co. Inc. increased their stake, Norges Bank opened a new position, and Nellore Capital Management LLC also established a new holding in APPF. Institutional investors currently own about 48.96% of AppFolio stock.

The Profile of AppFolio Inc.

Headquartered in Santa Barbara, California, AppFolio Inc. specializes in providing cloud-based enterprise software, data analytics, services, and solutions specifically designed for the real estate sector. Their portfolio of products includes solutions like AppFolio Property Manager, AppFolio Property Manager Plus, and AppFolio Investment Management, which cater to various property and investment management needs within the real estate industry.

downgrade, hold, buy