AvePoint (NASDAQ:AVPT) Hits New 12-Month Low After Analyst Downgrade

AvePoint, Inc. (NASDAQ:AVPT) hit a new 52-week low on Tuesday after B. Riley lowered their price target on the stock from $25.00 to $22.00. B. Riley currently has a buy rating on the stock. AvePoint traded as low as $11.28 and last traded at $11.22, with a volume of 63634 shares changing hands. The stock had previously closed at $11.70.

Several other research firms have also commented on AVPT. Dbs Bank raised shares of AvePoint to a “moderate buy” rating in a report on Monday, October 6th. Evercore ISI cut their target price on AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Stephens initiated coverage on AvePoint in a report on Monday, December 29th. They issued an “overweight” rating and a $18.00 target price on the stock. Scotiabank reduced their price objective on AvePoint from $22.00 to $17.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 7th. Finally, Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, AvePoint presently has an average rating of “Moderate Buy” and an average price target of $18.39.

Insider Activity

In other news, Chairman Xunkai Gong sold 32,002 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $13.66, for a total transaction of $437,147.32. Following the completion of the transaction, the chairman owned 14,948,666 shares of the company’s stock, valued at approximately $204,198,777.56. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.19% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in AvePoint during the 3rd quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd boosted its stake in shares of AvePoint by 698.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock valued at $31,000 after purchasing an additional 1,810 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of AvePoint by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after buying an additional 919 shares during the period. Vestcor Inc bought a new position in AvePoint during the third quarter worth $45,000. Finally, KBC Group NV lifted its holdings in AvePoint by 101.5% in the fourth quarter. KBC Group NV now owns 6,356 shares of the company’s stock valued at $88,000 after buying an additional 3,202 shares during the period. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Trading Down 5.6%

The stock’s 50-day simple moving average is $13.23 and its 200 day simple moving average is $14.62.

AvePoint (NASDAQ:AVPT) last announced 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). AvePoint had a net margin of 0.55% and a return on equity of 0.66%. The business had revenue of $109.73 million during the quarter, compared to analyst estimates of $105.72 million. On average, equities research analysts expect that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

About AvePoint

AvePoint, Inc (NASDAQ:AVPT) is a leading software provider specializing in data management, governance, and compliance solutions for Microsoft 365 and related cloud platforms. Founded in 2001 and headquartered in Jersey City, New Jersey, the company offers a comprehensive suite of cloud-based and on-premises tools designed to help organizations migrate, manage, and protect their collaboration data. AvePoint’s flagship Cloud Platform delivers backup, governance, reporting, and migration services for SharePoint, Teams, Exchange, OneDrive, and Salesforce environments.

With a customer base spanning thousands of organizations across more than 100 countries, AvePoint serves enterprises, government agencies, and educational institutions seeking to ensure data security, regulatory compliance, and operational resilience.