AvePoint (NASDAQ:AVPT) Price Target Lowered to $18.00 at Evercore ISI

AvePoint (NASDAQ:AVPT) had its price objective decreased by analysts at Evercore ISI from $22.00 to $18.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s target price indicates a potential upside of 50.69% from the stock’s current price.

Several other equities analysts have also issued reports on AVPT. Citigroup decreased their price objective on AvePoint from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Jefferies Financial Group assumed coverage on AvePoint in a research report on Monday, July 21st. They set a “buy” rating and a $22.00 price objective for the company. DA Davidson started coverage on AvePoint in a research report on Monday, September 22nd. They set a “buy” rating and a $20.00 price target for the company. Robert W. Baird assumed coverage on shares of AvePoint in a research note on Monday, October 27th. They issued a “neutral” rating and a $17.00 price target for the company. Finally, Baird R W upgraded AvePoint to a “hold” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.53.

AvePoint Price Performance

Shares of AVPT stock traded down $1.90 during trading hours on Friday, reaching $11.95. The company had a trading volume of 1,355,202 shares, compared to its average volume of 1,321,434. AvePoint has a 1-year low of $11.49 and a 1-year high of $20.25. The company has a 50 day moving average of $15.13 and a 200 day moving average of $16.86. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of -238.37 and a beta of 1.40.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $109.73 million for the quarter, compared to analyst estimates of $105.72 million. AvePoint had a negative net margin of 2.21% and a negative return on equity of 2.44%. AvePoint has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that AvePoint will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Xunkai Gong sold 18,321 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $13.80, for a total value of $252,829.80. Following the completion of the transaction, the chairman owned 15,040,668 shares of the company’s stock, valued at approximately $207,561,218.40. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Michael Brown sold 1,848 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $15.03, for a total transaction of $27,775.44. Following the transaction, the insider owned 631,893 shares of the company’s stock, valued at approximately $9,497,351.79. This represents a 0.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,755,780 shares of company stock worth $87,487,316 in the last ninety days. 26.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AVPT. Principal Financial Group Inc. increased its stake in shares of AvePoint by 5.9% in the first quarter. Principal Financial Group Inc. now owns 78,396 shares of the company’s stock valued at $1,132,000 after buying an additional 4,348 shares during the period. Jennison Associates LLC boosted its holdings in shares of AvePoint by 37.0% during the 2nd quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock worth $56,163,000 after buying an additional 786,016 shares in the last quarter. Petrus Trust Company LTA grew its position in shares of AvePoint by 106.1% during the 1st quarter. Petrus Trust Company LTA now owns 34,864 shares of the company’s stock worth $503,000 after buying an additional 17,945 shares during the period. EFG Asset Management North America Corp. acquired a new position in shares of AvePoint during the 1st quarter valued at $1,000,000. Finally, Strs Ohio bought a new position in AvePoint during the first quarter worth $787,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Company Profile

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.