AvePoint (NASDAQ:AVPT) Given New $16.00 Price Target at TD Cowen

AvePoint (NASDAQ:AVPTFree Report) had its price target cut by TD Cowen from $17.00 to $16.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on AVPT. Citigroup reduced their price target on shares of AvePoint from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. B. Riley Financial dropped their price target on AvePoint from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Jefferies Financial Group decreased their price target on AvePoint from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday. Wall Street Zen raised shares of AvePoint from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Finally, DA Davidson decreased their target price on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.28.

View Our Latest Report on AvePoint

AvePoint Stock Up 3.9%

Shares of AVPT traded up $0.40 during trading hours on Friday, hitting $10.78. 3,978,611 shares of the company were exchanged, compared to its average volume of 2,127,497. The firm’s fifty day moving average is $12.13 and its 200 day moving average is $13.67. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 67.38 and a beta of 1.09. AvePoint has a fifty-two week low of $9.85 and a fifty-two week high of $20.25.

AvePoint (NASDAQ:AVPTGet Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $114.69 million during the quarter, compared to analyst estimates of $110.94 million. AvePoint had a net margin of 8.34% and a return on equity of 8.46%. Analysts anticipate that AvePoint will post -0.03 EPS for the current year.

Insider Activity at AvePoint

In other AvePoint news, Chairman Xunkai Gong sold 32,002 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was 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 in the company, valued at $204,198,777.56. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 26.19% of the stock is owned by company insiders.

Institutional Trading of AvePoint

A number of large investors have recently made changes to their positions in the stock. ProShare Advisors LLC grew its position in shares of AvePoint by 1.7% during the 2nd quarter. ProShare Advisors LLC now owns 37,656 shares of the company’s stock worth $727,000 after buying an additional 638 shares in the last quarter. US Bancorp DE grew its position in shares of AvePoint by 11.2% during the 3rd quarter. US Bancorp DE now owns 7,962 shares of the company’s stock valued at $120,000 after acquiring an additional 800 shares during the period. Advisors Asset Management Inc. increased its stake in AvePoint by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after buying an additional 919 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in AvePoint by 1.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock worth $786,000 after purchasing an additional 1,016 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of AvePoint by 8.3% during the 4th quarter. Blair William & Co. IL now owns 13,700 shares of the company’s stock worth $190,000 after buying an additional 1,050 shares during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting AvePoint

Here are the key news stories impacting AvePoint this week:

About AvePoint

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for AvePoint (NASDAQ:AVPT)

Receive News & Ratings for AvePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvePoint and related companies with MarketBeat.com's FREE daily email newsletter.