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

AvePoint, Inc. (NASDAQ:AVPT) has been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $16.4417.

Several research firms have issued reports on AVPT. Cantor Fitzgerald lowered their target price on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. William Blair restated a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. Jefferies Financial Group lowered their target price on shares of AvePoint from $20.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. TD Cowen lowered their target price on shares of AvePoint from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $14.00 target price on shares of AvePoint in a research note on Wednesday, May 13th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new position in AvePoint in the fourth quarter valued at about $28,000. Aster Capital Management DIFC Ltd lifted its holdings in AvePoint by 698.8% in the third 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 period. PNC Financial Services Group Inc. lifted its holdings in AvePoint by 933.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after acquiring an additional 2,689 shares during the period. Vestcor Inc bought a new position in AvePoint in the third quarter valued at about $45,000. Finally, Kemnay Advisory Services Inc. bought a new position in AvePoint in the fourth quarter valued at about $47,000. Institutional investors own 44.49% of the company’s stock.

AvePoint Stock Performance

NASDAQ AVPT opened at $10.89 on Friday. AvePoint has a one year low of $8.84 and a one year high of $19.95. The stock has a 50-day moving average of $10.07 and a 200 day moving average of $11.41. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 51.86 and a beta of 1.18.

AvePoint (NASDAQ:AVPT) last posted its 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, equities analysts predict that AvePoint will post 0.21 earnings per share for the current fiscal year.

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.