The stock of AppFolio Inc (NASDAQ:APPF) hit a new 52-week high and has $30.30 target or 46.00% above today’s $20.75 share price. The 5 months bullish chart indicates low risk for the $715.55 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $30.30 price target is reached, the company will be worth $329.15 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 30,218 shares traded hands or 86.32% up from the average. AppFolio Inc (NASDAQ:APPF) has risen 60.16% since April 11, 2016 and is uptrending. It has outperformed by 54.02% the S&P500.
Analysts await AppFolio Inc (NASDAQ:APPF) to report earnings on November, 14. They expect $-0.11 EPS, up 21.43% or $0.03 from last year’s $-0.14 per share. After $-0.07 actual EPS reported by AppFolio Inc for the previous quarter, Wall Street now forecasts 57.14% negative EPS growth.
AppFolio Inc (NASDAQ:APPF) Ratings Coverage
Out of 4 analysts covering AppFolio Inc (NASDAQ:APPF), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. AppFolio Inc has been the topic of 6 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Credit Suisse on Tuesday, July 21. On Friday, May 13 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The firm has “Sector Weight” rating by Pacific Crest given on Tuesday, July 21. The firm has “Outperform” rating by William Blair given on Tuesday, July 21. The stock has “Overweight” rating given by Morgan Stanley on Tuesday, July 21. Credit Suisse maintained the shares of APPF in a report on Tuesday, February 23 with “Neutral” rating.
According to Zacks Investment Research, “AppFolio, Inc. offers cloud-based software solutions for property management and legal industries. It offers AppFolio Property Manager, a solution for the property managers including activities of posting and tracking tenant vacancies, handling the entire leasing process electronically, administering maintenance and repairs with their vendor networks, managing accounting and reporting to property owners. MyCase solution for practitioners and small law firms, providing time tracking, billing and payments, client communication, coordination with other lawyers and support staff, legal document management and assembly and general office administration services. Value+ services include Websites and electronic payment services. AppFolio, Inc. is headquartered Goleta, California.”
More recent AppFolio Inc (NASDAQ:APPF) news were published by: Globenewswire.com which released: “AppFolio, Inc. Announces Third Quarter Financial Results” on November 07, 2016. Also Marketwatch.com published the news titled: “AppFolio Inc. NASDAQ: APPF” on May 21, 2015. Quotes.Wsj.com‘s news article titled: “AppFolio Inc. APPF (US: Nasdaq)” with publication date: June 20, 2015 was also an interesting one.
APPF Company Profile
AppFolio, Inc., incorporated on October 22, 2006, is a well-known provider of industry-specific, cloud software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its clients to work at any time and from anywhere across multiple devices. The Company’s property management software provides small and medium-sized property managers with an end-to-end solution to their business needs, enabling them to manage properties in a single, integrated environment. The Company’s legal software provides solo practitioners and small law firms with a streamlined practice and case management solution, allowing them to manage their practices and case load within a flexible system. The Firm also offers Value+ services, such as its professionally designed Websites and electronic payment services. The Company’s property manager clients include third-party managers and owner-operators, managing single- and multi-family residences, commercial property and student housing, as well as mixed real estate portfolios. The Company’s property manager clients typically manage portfolios ranging from 20 to 3,000 units.
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