Time to Reconsider Appfolio Class A (NASDAQ:APPF) After More Short Sellers?

October 13, 2017 - By Adrian Mccoy

 Time to Reconsider Appfolio Class A (NASDAQ:APPF) After More Short Sellers?

The stock of Appfolio Class A (NASDAQ:APPF) registered an increase of 67.26% in short interest. APPF’s total short interest was 300,900 shares in October as published by FINRA. Its up 67.26% from 179,900 shares, reported previously. With 181,000 shares average volume, it will take short sellers 2 days to cover their APPF’s short positions. The short interest to Appfolio Class A’s float is 4.21%.

The stock decreased 0.20% or $0.1 during the last trading session, reaching $50.7. About 97,601 shares traded. AppFolio Inc (NASDAQ:APPF) has risen 112.92% since October 13, 2016 and is uptrending. It has outperformed by 96.22% the S&P500.

AppFolio, Inc. is a provider of industry-specific, cloud software solutions for small and medium-sized businesses in the property management and legal industries. The company has market cap of $1.72 billion. The Company’s mobile-optimized software solutions enable its clients to work at any time and from anywhere across multiple devices. It has a 1858.5 P/E ratio. The Company’s property management software provides small and medium-sized property managers with an end-to-end solution to their business needs.

AppFolio Inc (NASDAQ:APPF) Ratings Coverage

Among 5 analysts covering AppFolio Inc (NASDAQ:APPF), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. AppFolio Inc had 12 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, July 21 the stock rating was initiated by Credit Suisse with “Neutral”. The company was maintained on Thursday, July 20 by Morgan Stanley. The company was downgraded on Friday, May 13 by Morgan Stanley. The firm has “Hold” rating given on Wednesday, September 6 by KeyBanc Capital Markets. Pacific Crest initiated the stock with “Sector Weight” rating in Tuesday, July 21 report. On Wednesday, October 11 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm has “Outperform” rating by William Blair given on Tuesday, July 21. Credit Suisse maintained the shares of APPF in report on Tuesday, February 23 with “Neutral” rating. The rating was maintained by Morgan Stanley on Tuesday, August 8 with “Equal-Weight”. The rating was initiated by Morgan Stanley on Tuesday, July 21 with “Overweight”.

More important recent AppFolio Inc (NASDAQ:APPF) news were published by: Globenewswire.com which released: “AppFolio Announces New Offerings for Property Manager Customers” on September 18, 2017, also Zacks.com published article titled: “Bull of the Day: AppFolio, Inc. (APPF)”, Globenewswire.com published: “AppFolio, Inc. Announces First Quarter 2017 Financial Results” on May 05, 2017. More interesting news about AppFolio Inc (NASDAQ:APPF) was released by: Zacks.com and their article: “AppFolio Hits New 52-Week High on Upgraded Product Suite” with publication date: October 09, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.