Citigroup Has Lowered Expectations for AvePoint (NASDAQ:AVPT) Stock Price

AvePoint (NASDAQ:AVPT) had its target price cut by investment analysts at Citigroup from $15.00 to $13.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 20.37% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. DA Davidson cut their price objective on AvePoint from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. TD Cowen decreased their target price on AvePoint from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Scotiabank dropped their price target on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 7th. Finally, Evercore reduced 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. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.11.

AvePoint Stock Performance

AVPT stock opened at $10.80 on Monday. AvePoint has a one year low of $9.85 and a one year high of $20.25. The firm’s fifty day moving average is $12.01 and its 200 day moving average is $13.59. The firm has a market cap of $2.33 billion, a PE ratio of 67.50 and a beta of 1.12.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $110.94 million. Research analysts predict that AvePoint will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Xunkai Gong sold 32,002 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $13.66, for a total value of $437,147.32. Following the completion of the transaction, the chairman directly owned 14,948,666 shares of the company’s stock, valued at approximately $204,198,777.56. This represents a 0.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 26.19% of the company’s stock.

Institutional Investors Weigh In On AvePoint

A number of large investors have recently modified their holdings of AVPT. Global Retirement Partners LLC purchased a new position in shares of AvePoint in the third quarter worth about $26,000. Kestra Advisory Services LLC acquired a new stake in AvePoint in the 4th quarter valued at about $28,000. Aster Capital Management DIFC Ltd raised its holdings in AvePoint by 698.8% in the 3rd 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 last quarter. Advisors Asset Management Inc. lifted its stake in AvePoint by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after purchasing an additional 919 shares in the last quarter. Finally, Vestcor Inc acquired a new position in shares of AvePoint during the 3rd quarter worth approximately $45,000. 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.