AvePoint, Inc. (NASDAQ:AVPT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of AvePoint, Inc. (NASDAQ:AVPTGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.2750.

AVPT has been the topic of several recent research reports. Zacks Research downgraded shares of AvePoint from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Jefferies Financial Group lowered their target price on AvePoint from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. TD Cowen dropped their price target on AvePoint from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday. Stephens assumed coverage on AvePoint in a research note on Monday, December 29th. They set an “overweight” rating and a $18.00 price objective on the stock. Finally, Cantor Fitzgerald cut their target price on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday.

Check Out Our Latest Stock Report on AVPT

AvePoint Stock Performance

AVPT opened at $10.78 on Wednesday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 67.38 and a beta of 1.12. AvePoint has a one year low of $9.85 and a one year high of $20.25. The business’s fifty day moving average is $12.13 and its two-hundred day moving average is $13.65.

AvePoint (NASDAQ:AVPTGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). AvePoint had a return on equity of 8.19% and a net margin of 8.34%.The firm had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. On average, analysts predict that AvePoint will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other AvePoint news, Chairman Xunkai Gong sold 27,998 shares of the 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 transaction, the chairman owned 14,920,668 shares of the company’s stock, valued at $199,787,744.52. This represents a 0.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 26.19% of the company’s stock.

Institutional Trading of AvePoint

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in AvePoint by 372.6% in the fourth quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock valued at $109,332,000 after purchasing an additional 6,205,829 shares during the period. Invesco Ltd. increased its holdings in shares of AvePoint by 218.0% during the 2nd quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock worth $103,036,000 after buying an additional 3,657,692 shares during the last quarter. Parsifal Capital Management LP raised its position in shares of AvePoint by 61.2% in the 3rd 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. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in AvePoint by 620.9% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,140,572 shares of the company’s stock valued at $29,733,000 after acquiring an additional 1,843,641 shares during the last quarter. Finally, Prudential PLC purchased a new stake in AvePoint during the third quarter valued at about $26,824,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

More AvePoint News

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AvePoint Company Profile

(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.

Further Reading

Analyst Recommendations for AvePoint (NASDAQ:AVPT)

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