Will the Recent Morgan Stanley Downgrade Hurt AppFolio (NASDAQ:APPF) Shares This Week?

May 21, 2018 - By Adrian Erickson

AppFolio, Inc. (NASDAQ:APPF) Logo

AppFolio (NASDAQ:APPF) Receives a Downgrade

Trading for shares of AppFolio (NASDAQ:APPF) will be very interesting to watch, as Morgan Stanley lowered the rating for the stock to a Sell. In addition to the ratings downgrade, Morgan Stanley analysts have given the shares a target price per share of $52.0000 which is -4.15 % higher than before.

The stock decreased 6.14% or $3.55 during the last trading session, reaching $54.25. About 207,891 shares traded or 61.65% up from the average. AppFolio, Inc. (NASDAQ:APPF) has risen 52.12% since May 21, 2017 and is uptrending. It has outperformed by 40.57% the S&P500.

Analysts await AppFolio, Inc. (NASDAQ:APPF) to report earnings on August, 6. They expect $0.13 EPS, up 62.50 % or $0.05 from last year’s $0.08 per share. APPF’s profit will be $4.44M for 104.33 P/E if the $0.13 EPS becomes a reality. After $0.12 actual EPS reported by AppFolio, Inc. for the previous quarter, Wall Street now forecasts 8.33 % EPS growth.

AppFolio, Inc. provides industry-specific cloud software solutions for small and medium-sized businesses in property management and legal industries. The company has market cap of $1.85 billion. It offers AppFolio Property Manager, a solution for the operational requirements of small and medium-sized property managers, including posting and tracking tenant vacancies, handling the leasing process electronically, administering maintenance and repairs with their vendor networks, and managing accounting and reporting to property owners, as well as for communicating with tenants and owners. It has a 193.75 P/E ratio. The firm also provides MyCase, a practice and case management solution that provides time tracking, billing, calendaring, client communication, and coordination with other lawyers and support staff, and legal document management and assembly for practitioners and small law firms.

More notable recent AppFolio, Inc. (NASDAQ:APPF) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Applied Materials, Campbell Soup, Ceridien HCM, Dillard’s, Energizer …” on May 21, 2018, also Streetinsider.com with their article: “Pre-Open Stock Movers 05/21: (MBFI) (NBRV) (SHLD) Higher; (PRTA) (QD) (APPF) Lower (more…)” published on May 21, 2018, Nasdaq.com published: “AppFolio Named One Of Highest-Rated Public Cloud Computing Companies To Work For” on May 09, 2018. More interesting news about AppFolio, Inc. (NASDAQ:APPF) were released by: Nasdaq.com and their article: “Why AppFolio, Inc. Stock Climbed 17.4% in April” published on May 11, 2018 as well as Fool.com‘s news article titled: “1 Hot Small-Cap Stock to Buy in May” with publication date: May 12, 2018.

AppFolio, Inc. (NASDAQ:APPF) Ratings Chart

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