AvePoint, Inc. (NASDAQ:AVPT) Given Consensus Rating of “Moderate Buy” by Brokerages

AvePoint, Inc. (NASDAQ:AVPT) has earned an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $16.4417.

A number of brokerages have weighed in on AVPT. Scotiabank cut their target price on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 8th. Zacks Research upgraded AvePoint from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $14.00 price objective on shares of AvePoint in a report on Wednesday, May 13th. DA Davidson restated a “buy” rating and set a $18.00 price objective on shares of AvePoint in a research report on Monday, July 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th.

AvePoint Trading Up 3.6%

Shares of NASDAQ AVPT opened at $12.24 on Friday. The stock has a 50-day moving average price of $11.27 and a two-hundred day moving average price of $10.97. AvePoint has a 12 month low of $8.84 and a 12 month high of $19.95. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 58.29 and a beta of 1.16.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $117.24 million for the quarter, compared to the consensus estimate of $116.43 million. AvePoint had a net margin of 10.55% and a return on equity of 10.52%. On average, sell-side analysts predict that AvePoint will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in AvePoint by 933.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock worth $28,000 after buying an additional 2,689 shares during the period. Kestra Advisory Services LLC acquired a new position in AvePoint in the 4th quarter valued at approximately $28,000. GAMMA Investing LLC increased its position in AvePoint by 26.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after acquiring an additional 802 shares during the period. Vestcor Inc acquired a new position in AvePoint in the 3rd quarter valued at approximately $45,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of AvePoint during the fourth quarter valued at $47,000. 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.