AvePoint, Inc. (NASDAQ:AVPT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $18.9364.

Several research analysts have recently weighed in on AVPT shares. Cantor Fitzgerald reduced their target price on AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. DA Davidson began coverage on shares of AvePoint in a research note on Monday, September 22nd. They issued a “buy” rating and a $20.00 price target on the stock. Zacks Research raised shares of AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, November 14th. Robert W. Baird assumed coverage on shares of AvePoint in a research report on Monday, October 27th. They issued a “neutral” rating and a $17.00 target price on the stock. Finally, Dbs Bank upgraded shares of AvePoint to a “moderate buy” rating in a research report on Monday, October 6th.

AvePoint Stock Performance

NASDAQ:AVPT opened at $13.53 on Tuesday. AvePoint has a 52 week low of $11.49 and a 52 week high of $20.25. The stock’s 50-day moving average price is $13.42 and its 200-day moving average price is $15.44.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). AvePoint had a return on equity of 0.66% and a net margin of 0.55%.The business had revenue of $109.73 million during the quarter, compared to analyst estimates of $105.72 million. As a group, equities research analysts anticipate that AvePoint will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Xunkai Gong sold 41,679 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $13.96, for a total value of $581,838.84. Following the transaction, the chairman owned 15,058,989 shares in the company, valued at $210,223,486.44. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian Michael Brown sold 1,848 shares of AvePoint stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $15.03, for a total value of $27,775.44. Following the completion of the sale, the insider directly owned 631,893 shares in the company, valued at $9,497,351.79. This represents a 0.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,848 shares of company stock valued at $862,444 in the last three months. Insiders own 26.19% of the company’s stock.

Institutional Investors Weigh In On AvePoint

Large investors have recently modified their holdings of the business. ProShare Advisors LLC raised its position in shares of AvePoint by 1.7% in the second quarter. ProShare Advisors LLC now owns 37,656 shares of the company’s stock valued at $727,000 after buying an additional 638 shares during the last quarter. US Bancorp DE raised its holdings in AvePoint by 11.2% in 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 last quarter. Advisors Asset Management Inc. raised its holdings in AvePoint by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after acquiring an additional 919 shares during the last quarter. ANB Bank lifted its stake in AvePoint by 7.3% in the 2nd quarter. ANB Bank now owns 19,338 shares of the company’s stock worth $373,000 after purchasing an additional 1,309 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of AvePoint by 9.9% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 14,578 shares of the company’s stock worth $219,000 after purchasing an additional 1,314 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

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.