appfolio AppFolio, Inc. Announces Second Quarter 2024 Financial Results Q2 revenue grows 34% and profitability continues to expand SANTA BARBARA, Calif., July 25, 2024 -- AppFolio, Inc. (NASDAQ: APPF) ("AppFolio" or the "Company"), a technology leader powering the future of the real estate industry, today announced its financial results for the second quarter ended June 30, 2024. "We're proud of another quarter of strong performance," said Shane Trigg, President and CEO, AppFolio. "Through adoption of AI, m ...

SANTA BARBARA, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- AppFolio, Inc. (NASDAQ: APPF) (“AppFolio” or the “Company”), a technology leader powering the future of the real estate industry, today announced its financial results for the second quarter ended June 30, 2024. “We’re proud of another quarter of strong performance,” said Shane Trigg, President and CEO, AppFolio. “Through adoption of AI, mixed portfolio offerings and more, our customers are transforming the performance of their businesses through our ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. AppFolio (APPF) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.AppFolio is a member of the Computer and Technolog ...

Core Points - AppFolio, Inc. will report its second quarter 2024 financial results on July 25, 2024, after the U.S. financial markets close [1] - A conference call to discuss the financial results and business outlook will be held on the same day at 5:00 p.m. Eastern Time [1] - A live webcast of the call will be available, and a replay will be accessible for a limited time on AppFolio's Investor Relations website [1] Company Information - AppFolio is a technology leader in the real estate industry, providing an innovative platform that enhances operational efficiency and business growth for its customers [3] - The company emphasizes the importance of its Investor Relations website for disclosing material nonpublic information and complying with regulatory obligations [2]

AppFolio (APPF) closed at $247.96 in the latest trading session, marking a -0.37% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.02% for the day. Meanwhile, the Dow gained 1.09%, and the Nasdaq, a tech-heavy index, added 1.18%.The property management software maker's shares have seen an increase of 6.27% over the last month, not keeping up with the Computer and Technology sector's gain of 8.46% and outstripping the S&P 500's gain of 4.44%.The upcoming earnings rel ...

Lordn/iStock via Getty Images Summary I am positive on AppFolio (NASDAQ:APPF). My summarized thesis is that the APPF solution helps small and medium-sized property managers address the challenges they face in improving operational efficiency without incurring a huge cost. The current environment, where the labor market is tight and mortgage rates remain high, is a major growth tailwind for APPF, and this should support robust growth over the foreseeable future. Long-term, the TAM is large enough to sust ...

Company Performance - AppFolio's stock closed at $239.70, reflecting a +0.45% change from the previous day, outperforming the S&P 500's gain of 0.16% [1] - Over the past month, AppFolio's stock has increased by 2.34%, which is below the Computer and Technology sector's gain of 5.94% and the S&P 500's gain of 3.22% [1] - Analysts expect AppFolio to report earnings of $0.92 per share, indicating a year-over-year growth of 300%, with revenue anticipated at $188.32 million, a 28.04% increase compared to the same quarter last year [1] Annual Estimates - For the annual period, the Zacks Consensus Estimates project earnings of $3.98 per share and revenue of $772.63 million, representing increases of +132.75% and +24.53% from the previous year [2] Analyst Sentiment - Recent changes to analyst estimates for AppFolio indicate a shifting business landscape, with positive modifications reflecting analyst optimism regarding the company's profitability [2] - The Zacks Rank system currently rates AppFolio as 3 (Hold), with a recent downward shift of 0.78% in the consensus EPS estimate [3] Valuation Metrics - AppFolio is trading at a Forward P/E ratio of 59.92, which is a premium compared to the industry's average Forward P/E of 29.56 [3] - The Internet - Software industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 74, placing it in the top 30% of over 250 industries [3]

CHICAGO, June 26, 2024 /PRNewswire/ -- Livly, a premier provider of cutting-edge property management solutions, today announced a strategic partnership with AppFolio (NASDAQ: APPF), a leader in real estate technology. This collaboration marks a pivotal moment as Livly integrates its innovative resident experience platform with AppFolio's robust property management software, setting a new standard of excellence for multifamily property managers and residents.Key Highlights:Seamless Integration: Livly's suite ...

The Internet Software and Services space is gathering momentum owing to robust IT spending on solutions that support hybrid operating environments. The level of technology adoption by businesses and the proliferation of connected consumer devices, which might help people connect and do business online, is also accelerating the industry’s growth. Outstanding penetration of mobile devices among users, makes sense for businesses to invest heavily in web-based infrastructure, applications, and security software ...

Core Insights - AppFolio has announced a series of innovations aimed at enhancing its product vision for the real estate industry, focusing on making property management seamless and efficient through technology [1][8] Group 1: Innovations and Features - AppFolio Realm-X introduces embedded generative AI capabilities, providing real-time assistance and intelligent support tailored to the real estate sector [1][2] - Realm-X Assistant allows property managers to automate tasks, generate reports, and manage communications more efficiently, significantly improving productivity [2][3] - Realm-X Flows is a new workflow automation engine that standardizes processes and enhances control over tasks like rental applications and lease renewals [3][4] Group 2: Targeted Solutions - For student housing, AppFolio has launched Flexible Leasing options and Pre-Leasing Metrics to improve leasing performance and flexibility [6] - In affordable housing, enhancements include improved Tenant Income Certification support and new HUD features to aid cost recovery [6] - The AppFolio Stack™ Marketplace has expanded to over 50 partners, providing a centralized hub for property management solutions [6] Group 3: Resident Experience - AppFolio is transforming the resident experience by streamlining the rental journey from application to renewal, utilizing Realm-X Messages for better communication [7] - The new features aim to enhance resident convenience, which is expected to lead to higher retention rates [7]