Short Interest To Observe: Appfolio Class A (NASDAQ:APPF) on Focus After Report of Less Shorts

November 24, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest To Observe: Appfolio Class A (NASDAQ:APPF) on Focus After Report of Less Shorts

The stock of Appfolio Class A (NASDAQ:APPF) registered a decrease of 0.23% in short interest. APPF’s total short interest was 351,200 shares in November as published by FINRA. Its down 0.23% from 352,000 shares, reported previously. With 11,500 shares average volume, it will take short sellers 31 days to cover their APPF’s short positions. The short interest to Appfolio Class A’s float is 5.84%. The stock closed at $22 during the last session. It is down 70.94% since April 22, 2016 and is uptrending. It has outperformed by 65.53% 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 a market cap of $748.13 million. The Company’s mobile-optimized software solutions enable its clients to work at any time and from anywhere across multiple devices. It currently has negative earnings. 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

Out of 4 analysts covering AppFolio Inc (NASDAQ:APPF), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. AppFolio Inc has been the topic of 6 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of AppFolio Inc (NASDAQ:APPF) earned “Neutral” rating by Credit Suisse on Tuesday, July 21. The firm earned “Overweight” rating on Tuesday, July 21 by Morgan Stanley. Morgan Stanley downgraded it to “Equal-Weight” rating and $15 target price in Friday, May 13 report. The firm has “Outperform” rating by William Blair given on Tuesday, July 21. On Tuesday, February 23 the stock rating was maintained by Credit Suisse with “Neutral”. The rating was initiated by Pacific Crest with “Sector Weight” on Tuesday, July 21.

APPF Company Profile

AppFolio, Inc., incorporated on October 22, 2006, is a well-known provider of industry-specific, cloud software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its clients to work at any time and from anywhere across multiple devices. The Company’s property management software provides small and medium-sized property managers with an end-to-end solution to their business needs, enabling them to manage properties in a single, integrated environment. The Company’s legal software provides solo practitioners and small law firms with a streamlined practice and case management solution, allowing them to manage their practices and case load within a flexible system. The Firm also offers Value+ services, such as its professionally designed Websites and electronic payment services. The Company’s property manager clients include third-party managers and owner-operators, managing single- and multi-family residences, commercial property and student housing, as well as mixed real estate portfolios. The Company’s property manager clients typically manage portfolios ranging from 20 to 3,000 units.

More recent AppFolio Inc (NASDAQ:APPF) news were published by: Marketwatch.com which released: “AppFolio Inc. NASDAQ: APPF” on May 21, 2015. Also Quotes.Wsj.com published the news titled: “AppFolio Inc. APPF (US: Nasdaq)” on June 20, 2015. Globenewswire.com‘s news article titled: “AppFolio, Inc. Announces Third Quarter Financial Results” with publication date: November 07, 2016 was also an interesting one.

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By Winifred Garcia


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