AvePoint (NASDAQ:AVPT) Earns Buy Rating from DA Davidson

AvePoint (NASDAQ:AVPT)‘s stock had its “buy” rating reiterated by stock analysts at DA Davidson in a research report issued on Monday,Benzinga reports. They currently have a $18.00 target price on the stock. DA Davidson’s target price would indicate a potential upside of 51.11% from the company’s current price.

A number of other equities analysts also recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $14.00 target price on shares of AvePoint in a research report on Wednesday, May 13th. William Blair reaffirmed a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. Finally, Scotiabank decreased their price target on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a research note on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, AvePoint has an average rating of “Moderate Buy” and an average target price of $16.44.

AvePoint Stock Performance

AVPT stock traded up $0.45 during trading on Monday, hitting $11.91. 582,640 shares of the company traded hands, compared to its average volume of 2,062,090. The company has a 50-day moving average of $10.51 and a 200-day moving average of $11.07. The firm has a market capitalization of $2.53 billion, a PE ratio of 56.74 and a beta of 1.16. AvePoint has a 1 year low of $8.84 and a 1 year high of $19.95.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $117.24 million during the quarter, compared to the consensus estimate of $116.43 million. AvePoint had a return on equity of 10.52% and a net margin of 10.55%. Sell-side analysts expect that AvePoint will post 0.21 EPS for the current year.

Hedge Funds Weigh In On AvePoint

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in AvePoint by 933.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after acquiring an additional 2,689 shares during the period. Kestra Advisory Services LLC bought a new stake in AvePoint during the 4th quarter valued at approximately $28,000. Vestcor Inc purchased a new position in AvePoint in the 3rd quarter worth approximately $45,000. Kemnay Advisory Services Inc. bought a new position in AvePoint in the 4th quarter worth approximately $47,000. Finally, KBC Group NV boosted its stake in AvePoint by 101.5% in the 4th quarter. KBC Group NV now owns 6,356 shares of the company’s stock worth $88,000 after purchasing an additional 3,202 shares during the period. 44.49% of the stock is currently owned by institutional investors.

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.