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

Shares of AvePoint, Inc. (NASDAQ:AVPT) have received a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.6636.

A number of equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a research note on Monday, December 29th. Evercore ISI cut their price objective on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Morgan Stanley set a $18.30 target price on shares of AvePoint in a report on Monday, October 20th. Scotiabank dropped their target price 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, Wall Street Zen raised shares of AvePoint from a “hold” rating to a “buy” rating in a research report on Sunday, November 9th.

Insider Buying and Selling at AvePoint

In other news, Chairman Xunkai Gong sold 41,679 shares of the company’s 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 transaction, the chairman directly owned 15,058,989 shares of the company’s stock, valued at $210,223,486.44. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 120,000 shares of company stock valued at $1,646,709 in the last three months. 26.19% of the stock is owned by insiders.

Hedge Funds Weigh In On AvePoint

A number of hedge funds have recently bought and sold shares of AVPT. AQR Capital Management LLC lifted its stake in AvePoint by 118.5% during the 1st quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock valued at $4,665,000 after acquiring an additional 175,194 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in AvePoint by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock worth $1,107,000 after purchasing an additional 3,340 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in AvePoint in the 1st quarter worth approximately $276,000. Goldman Sachs Group Inc. raised its stake in AvePoint by 11.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock valued at $10,969,000 after buying an additional 76,403 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in AvePoint during the 1st quarter valued at $737,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Stock Performance

Shares of AVPT opened at $11.63 on Friday. AvePoint has a fifty-two week low of $11.49 and a fifty-two week high of $20.25. The firm’s 50-day simple moving average is $13.24 and its two-hundred day simple moving average is $14.72.

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

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.