Why AppFolio Stock Is Plummeting Today
Shares of (NASDAQ: APPF) are tumbling on Friday. The company's stock fell 15.7% as of noon today, but was down as much as 16.9% earlier in the day. The decline comes as the S 500 and Nasdaq Composite were mostly flat.
The software-as-a-service (SaaS) company reported first-quarter results that narrowly missed expectations despite 16% year-over-year sales growth.
AppFolio, which serves the real estate industry, reported first-quarter earnings per share (EPS) of $1.21, falling short of Wall Street's expectations of $1.23. Revenue came in at $218 million, slightly lower than the expected $220.94 million.
Source Fool.com
Appfolio Inc Stock
€171.95
2.110%
The community is currently still undecided about Appfolio Inc with 2 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 170 € is below the current price of 171.95 € for Appfolio Inc, so the potential is actually -1.13%.
