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

AvePoint, Inc. (NASDAQ:AVPT) has received a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.1083.

AVPT has been the topic of several recent research reports. Stephens initiated coverage on AvePoint in a report on Monday, December 29th. They set an “overweight” rating and a $18.00 target price on the stock. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a report on Monday, December 29th. Jefferies Financial Group cut their price objective on AvePoint from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Finally, B. Riley Financial reduced their target price on AvePoint from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, February 2nd.

AvePoint Stock Down 1.3%

Shares of AVPT opened at $10.30 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 64.38 and a beta of 1.12. The company’s fifty day moving average is $11.22 and its 200-day moving average is $13.16. AvePoint has a 12 month low of $9.85 and a 12 month high of $20.25.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $114.69 million during the quarter, compared to analyst estimates of $110.94 million. AvePoint had a net margin of 8.34% and a return on equity of 8.19%. As a group, research analysts predict that AvePoint will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Xunkai Gong sold 32,002 shares of AvePoint stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $13.66, for a total value of $437,147.32. Following the transaction, the chairman owned 14,948,666 shares of the company’s stock, valued at $204,198,777.56. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.19% of the stock is currently owned by company insiders.

Institutional Trading of AvePoint

Large investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its holdings in AvePoint by 31.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 37,621 shares of the company’s stock worth $523,000 after acquiring an additional 8,925 shares during the period. Pacer Advisors Inc. lifted its position in AvePoint by 81.2% during the 4th quarter. Pacer Advisors Inc. now owns 21,381 shares of the company’s stock worth $297,000 after acquiring an additional 9,580 shares during the last quarter. Vident Advisory LLC boosted its holdings in AvePoint by 17.6% during the fourth quarter. Vident Advisory LLC now owns 25,690 shares of the company’s stock valued at $357,000 after acquiring an additional 3,843 shares during the period. XTX Topco Ltd bought a new stake in AvePoint during the fourth quarter valued at about $515,000. Finally, Zacks Investment Management acquired a new stake in shares of AvePoint in the fourth quarter valued at about $506,000. 44.49% of the stock is 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.