Appian Corporation (NASDAQ:APPN) Receives Consensus Rating of “Hold” from Brokerages

Appian Corporation (NASDAQ:APPN) has been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $33.40.

APPN has been the subject of several research reports. Zacks Research lowered Appian from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 9th. DA Davidson initiated coverage on Appian in a research note on Friday, August 8th. They issued a “neutral” rating and a $30.00 price objective on the stock.

Appian Price Performance

Shares of Appian stock opened at $33.16 on Friday. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -144.17 and a beta of 1.71. Appian has a 52-week low of $24.00 and a 52-week high of $43.33. The stock has a 50-day simple moving average of $29.66 and a 200-day simple moving average of $29.95.

Appian (NASDAQ:APPN) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $170.64 million during the quarter, compared to analyst estimates of $160.01 million. Appian’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted ($0.26) EPS. Appian has set its FY 2025 guidance at 0.280-0.360 EPS. Q3 2025 guidance at 0.030-0.070 EPS. As a group, equities research analysts predict that Appian will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC raised its stake in shares of Appian by 1.2% in the 1st quarter. Chicago Partners Investment Group LLC now owns 31,495 shares of the company’s stock valued at $958,000 after acquiring an additional 368 shares in the last quarter. Concord Wealth Partners raised its stake in shares of Appian by 21.7% in the 1st quarter. Concord Wealth Partners now owns 2,581 shares of the company’s stock valued at $74,000 after acquiring an additional 461 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Appian by 7.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,386 shares of the company’s stock valued at $221,000 after acquiring an additional 507 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Appian by 89.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,198 shares of the company’s stock valued at $36,000 after acquiring an additional 564 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of Appian by 6.3% in the 1st quarter. Penserra Capital Management LLC now owns 16,646 shares of the company’s stock valued at $479,000 after acquiring an additional 989 shares in the last quarter. 52.70% of the stock is owned by institutional investors.

About Appian

Appian Corporation, a software company that provides low-code design platform in the United States, Mexico, Portugal, and internationally. The company's platform offers artificial intelligence, process automation, data fabric, and process mining. It provides The Appian Platform, an integrated automation platform that enables organizations to design, automate, and optimize mission-critical business processes.