Citigroup Issues Pessimistic Forecast for AvePoint (NASDAQ:AVPT) Stock Price

AvePoint (NASDAQ:AVPT) had its price objective decreased by equities researchers at Citigroup from $16.00 to $15.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective indicates a potential upside of 15.30% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research note on Monday, December 29th. Evercore ISI dropped their price objective on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Dbs Bank upgraded AvePoint to a “moderate buy” rating in a research report on Monday, October 6th. Cantor Fitzgerald lowered 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. Finally, Stephens began coverage on AvePoint in a research note on Monday, December 29th. They set an “overweight” rating and a $18.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, AvePoint currently has a consensus rating of “Moderate Buy” and an average target price of $18.66.

AvePoint Price Performance

AvePoint stock opened at $13.01 on Tuesday. The business’s fifty day moving average is $13.35 and its two-hundred day moving average is $15.21. AvePoint has a 52 week low of $11.49 and a 52 week high of $20.25.

AvePoint (NASDAQ:AVPT) last announced its 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). The business had revenue of $109.73 million during the quarter, compared to analyst estimates of $105.72 million. AvePoint had a net margin of 0.55% and a return on equity of 0.66%. On average, equities analysts expect that AvePoint will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at AvePoint

In related news, Chairman Xunkai Gong sold 41,679 shares of AvePoint stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $13.96, for a total transaction of $581,838.84. Following the completion of the sale, the chairman directly owned 15,058,989 shares of the company’s stock, valued at $210,223,486.44. The trade was a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian Michael Brown sold 1,848 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $15.03, for a total value of $27,775.44. Following the completion of the transaction, the insider directly owned 631,893 shares in the company, valued at $9,497,351.79. The trade was a 0.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 121,848 shares of company stock worth $1,674,485 over the last 90 days. 26.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in AvePoint in the third quarter worth $26,000. Aster Capital Management DIFC Ltd grew its stake in AvePoint by 698.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock valued at $31,000 after acquiring an additional 1,810 shares during the period. Advisors Asset Management Inc. grew its stake in AvePoint by 68.4% in the second 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 period. Vestcor Inc bought a new stake in shares of AvePoint in the third quarter worth about $45,000. Finally, RiverPark Advisors LLC acquired a new stake in shares of AvePoint during the second quarter worth about $103,000. Institutional investors and hedge funds 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.