KeyBanc analyst Jason Celino reiterated a Buy rating on AppFolio (APPF – Research Report) today and set a price target of $240.00. The company’s shares closed yesterday at $210.98.
According to TipRanks, Celino is a 4-star analyst with an average return of 7.8% and a 56.91% success rate. Celino covers the Technology sector, focusing on stocks such as Autodesk, AppFolio, and Synopsys.
In addition to KeyBanc, AppFolio also received a Buy from D.A. Davidson’s Gil Luria in a report issued on November 10. However, on November 9, KBW maintained a Hold rating on AppFolio (NASDAQ: APPF).
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Based on AppFolio’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $147.08 million and a GAAP net loss of $18.9 million. In comparison, last year the company earned a revenue of $117.45 million and had a GAAP net loss of $29.97 million
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AppFolio (APPF) Company Description:
AppFolio, Inc. engages in the provision of cloud-based software solutions. It caters to small and medium-sized businesses in the property management and legal industries. It offers the following solutions: AppFolio Property Manager, Tenant Screening Services, Maintenance Contact Center, Premium Leads, Tenant Debt Collections, and MyCase. The company was founded by Brian Donahoo, Klaus Schauser, and Jonathan Walker in 2006 and is headquartered in Santa Barbara, CA.
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