AvePoint, Inc. (NASDAQ:AVPT) Receives $17.11 Consensus Target Price from Brokerages

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $17.1083.

A number of research firms recently issued reports on AVPT. Stephens assumed coverage on AvePoint in a report on Monday, December 29th. They set an “overweight” rating and a $18.00 target price on the stock. William Blair restated a “market perform” rating on shares of AvePoint in a report on Monday. Zacks Research lowered shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. 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 report on Monday, February 2nd. Finally, DA Davidson cut their price objective on AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 19th.

AvePoint Price Performance

Shares of AvePoint stock opened at $9.61 on Friday. The company has a market capitalization of $2.07 billion, a P/E ratio of 60.07 and a beta of 1.12. The business’s fifty day moving average price is $11.07 and its two-hundred day moving average price is $13.05. AvePoint has a 1-year low of $9.59 and a 1-year high of $20.25.

AvePoint (NASDAQ:AVPT) last announced its earnings results on Thursday, February 26th. The company reported $0.07 earnings per share (EPS) 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 the consensus estimate of $110.94 million. AvePoint had a net margin of 8.34% and a return on equity of 8.19%. On average, research analysts expect that AvePoint will post -0.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Xunkai Gong sold 27,998 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $13.39, for a total transaction of $374,893.22. Following the completion of the sale, the chairman directly owned 14,920,668 shares of the company’s stock, valued at $199,787,744.52. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 22.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On AvePoint

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in AvePoint by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock worth $241,749,000 after buying an additional 195,404 shares during the period. Parsifal Capital Management LP boosted its holdings in shares of AvePoint by 61.2% in the third quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock worth $127,926,000 after buying an additional 3,235,384 shares during the period. Morgan Stanley increased its position in shares of AvePoint by 372.6% in the fourth quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock worth $109,332,000 after acquiring an additional 6,205,829 shares in the last quarter. Invesco Ltd. increased its position in shares of AvePoint by 218.0% in the second quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock worth $103,036,000 after acquiring an additional 3,657,692 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of AvePoint by 11.1% during the fourth quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock valued at $57,967,000 after acquiring an additional 417,625 shares during the period. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Company Profile

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.