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

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $16.4417.

A number of research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $14.00 price target on shares of AvePoint in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research report on Wednesday, June 24th. Scotiabank dropped their price target on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 8th. William Blair reaffirmed a “market perform” rating on shares of AvePoint in a research report on Monday, March 23rd. Finally, Citigroup dropped their price target on AvePoint from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of AvePoint by 933.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after buying an additional 2,689 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of AvePoint during the 4th quarter valued at $28,000. Aster Capital Management DIFC Ltd raised its stake in shares of AvePoint by 698.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock valued at $31,000 after purchasing an additional 1,810 shares during the period. Vestcor Inc bought a new stake in shares of AvePoint during the 3rd quarter valued at $45,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of AvePoint during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $11.07 on Tuesday. AvePoint has a one year low of $8.84 and a one year high of $19.95. The business’s fifty day moving average price is $10.40 and its 200-day moving average price is $11.13. The stock has a market capitalization of $2.35 billion, a PE ratio of 52.71 and a beta of 1.18.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). AvePoint had a net margin of 10.55% and a return on equity of 10.52%. The firm had revenue of $117.24 million for the quarter, compared to analysts’ expectations of $116.43 million. As a group, equities analysts expect that AvePoint will post 0.21 EPS 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.