B. Riley Has Lowered Expectations for AvePoint (NASDAQ:AVPT) Stock Price

AvePoint (NASDAQ:AVPT) had its price objective decreased by equities researchers at B. Riley from $25.00 to $22.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 107.94% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on AVPT. Evercore ISI dropped their target price on AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a research note on Monday, December 29th. Scotiabank cut their price objective on AvePoint from $22.00 to $17.00 and set a “sector outperform” rating for the company in a report on Friday, November 7th. Morgan Stanley set a $18.30 target price on shares of AvePoint in a research note on Monday, October 20th. Finally, Wall Street Zen upgraded shares of AvePoint from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, AvePoint presently has an average rating of “Moderate Buy” and a consensus target price of $18.39.

AvePoint Price Performance

Shares of AvePoint stock opened at $10.58 on Monday. AvePoint has a 52-week low of $10.38 and a 52-week high of $20.25. The company’s fifty day moving average price is $13.18 and its two-hundred day moving average price is $14.56.

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

Insider Transactions at AvePoint

In other AvePoint news, Chairman Xunkai Gong sold 32,002 shares of the stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $13.66, for a total transaction of $437,147.32. Following the sale, the chairman owned 14,948,666 shares of the company’s stock, valued at $204,198,777.56. This represents a 0.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.19% of the stock is currently owned by company insiders.

Institutional Trading of AvePoint

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in AvePoint during the 3rd quarter valued at about $26,000. Aster Capital Management DIFC Ltd raised its stake in shares of AvePoint by 698.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock worth $31,000 after buying an additional 1,810 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of AvePoint by 68.4% during the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after buying an additional 919 shares during the last quarter. Vestcor Inc acquired a new position in AvePoint in the third quarter valued at approximately $45,000. Finally, RiverPark Advisors LLC bought a new position in AvePoint in the second quarter valued at approximately $103,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

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.