AppFolio (APPF) ended the recent trading session at $224.12, demonstrating a +1.52% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.07%. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 2.17%.Prior to today's trading, shares of the property management software maker had gained 1.66% over the past month. This has outpaced the Computer and Technology sector's loss of 0.16% and lagged the S&P 500's gain of 2.92% in that time ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about AppFolio (APPF) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.AppFolio currently has an average brokerag ...

In the latest market close, AppFolio (APPF) reached $228.28, with a +0.75% movement compared to the previous day. This change outpaced the S&P 500's 0.3% loss on the day. Meanwhile, the Dow experienced a drop of 0.54%, and the technology-dominated Nasdaq saw an increase of 0.25%.Shares of the property management software maker have appreciated by 7.03% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 3.42%.Market participants will ...

AppFolio (APPF) closed the latest trading day at $231.99, indicating a -0.06% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.01%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq added 1.13%.Coming into today, shares of the property management software maker had gained 7.63% in the past month. In that same time, the Computer and Technology sector gained 1.48%, while the S&P 500 gained 2.5%.Analysts and investors alike will be keeping a c ...

SANTA BARBARA, Calif., Aug. 22, 2024 (GLOBE NEWSWIRE) -- AppFolio (NASDAQ: APPF), the technology leader powering the future of the real estate industry, today released its 2024 AppFolio Property Manager Renter Preferences Report. For property managers looking to gain an edge in a competitive rental market, this report of more than 2,000 U.S. renters uncovers key insights into their shifting motivations and behaviors, emphasizing the critical role of technology in the resident experience. Nearly one million ...

SANTA BARBARA, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- AppFolio (NASDAQ: APPF), the technology leader powering the future of the real estate industry, announced that Marcy Campbell has joined the company as Chief Revenue Officer, effective today. In this newly created role, Ms. Campbell will lead the Sales and Client Services organizations, connecting the entire customer journey by accelerating customer acquisition, delivering exceptional customer value, and maximizing adoption of AppFolio’s products and ...

Wall Street market participants have turned optimistic about interest rate cuts by the Fed following the recently released soft economic readings. The CME FedWatch tool currently shows a 100% probability of a Fed fund rate cut by 25 basis points in September. This probability was around 68% in early July. Moreover, the interest rate derivative tool also shows a 48.5% probability of a 50 basis-point rate cut in September. The central bank has currently kept the benchmark lending rate at its 23-year high in t ...

Безгодов/iStock via Getty Images Increased market volatility is a great chance for patient, long-term investors to shine. Instead of backing away from investing in growth at this time, we have a great opportunity to buy shares of high-quality tech stars at a discounted price, especially when recent market trends have become disconnected from underlying fundamental performance. Such is the case for AppFolio (NASDAQ:APPF), a real estate management software platform that delivered a strong beat-and-raise q ...

Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Class A common stock, $0.0001 par value APPF NASDAQ Global Market Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐Smaller reporting company☐ Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024. ...

Core Viewpoint - AppFolio reported strong financial performance in Q2 2024, with significant year-over-year growth in revenue and operating income, driven by increased adoption of AI technologies and customer growth in the real estate management sector [2][5]. Financial Performance - Revenue for Q2 2024 was $197.4 million, growing 34% year over year from $147.1 million in Q2 2023 [3]. - GAAP operating income reached $36 million, reversing an operating loss of $0.7 million from the previous year [2][3]. - Non-GAAP operating income was $51.4 million, a substantial increase of 447.1% from $9.4 million in Q2 2023 [3]. - Free cash flow for the quarter was $50.9 million, compared to a negative $9.2 million in Q2 2023 [3]. Business Overview - AppFolio provides cloud-based business management solutions tailored for the real estate industry, focusing on leasing, maintenance, and accounting [3]. - The company differentiates itself through innovation, particularly with AI-powered automation services [3][4]. Key Success Factors - Continuous platform updates with advanced features and high customer satisfaction are critical for maintaining retention rates [4]. - The company is successfully penetrating larger market segments with complex portfolios, enhancing its product offerings to meet these needs [4][5]. Notable Developments - Increased adoption of AI technologies within AppFolio's platform has enhanced functionality and competitive differentiation [5]. - The number of units under management grew by 9% year over year to 8.4 million units, indicating strong customer satisfaction and retention [5]. - Value-added services contributed $151.6 million to total revenue, reflecting their integration into customer workflows [5]. Future Outlook - Management raised revenue guidance for the full year to a range of $772 million to $778 million, up from a previous estimate of $766 million to $774 million [7]. - Expected non-GAAP operating margin is projected to be between 23.5% and 24.5%, with non-GAAP free cash flow margin anticipated at 22%-24% [7]. - Key areas to monitor include further AI adoption, efforts to attract larger customers, and competitive landscape changes [7].