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

AvePoint, Inc. (NASDAQ:AVPT) has received an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat reports. Six 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 analysts that have covered the stock in the last year is $16.4417.

Several research analysts recently commented on the stock. TD Cowen dropped their target price on shares of AvePoint from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, February 27th. DA Davidson dropped their target price on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Cantor Fitzgerald dropped their target price on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group dropped their target price on shares of AvePoint from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, William Blair restated a “market perform” rating on shares of AvePoint in a report on Monday, March 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in shares of AvePoint during the 4th quarter worth about $28,000. Aster Capital Management DIFC Ltd increased its holdings 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 worth $31,000 after purchasing an additional 1,810 shares during the period. PNC Financial Services Group Inc. increased its holdings 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 worth $28,000 after purchasing an additional 2,689 shares during the period. Vestcor Inc bought a new position in shares of AvePoint during the 3rd quarter worth about $45,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of AvePoint during the 4th quarter worth about $47,000. Institutional investors own 44.49% of the company’s stock.

AvePoint Price Performance

Shares of AVPT opened at $10.85 on Friday. The company has a market capitalization of $2.30 billion, a PE ratio of 51.67 and a beta of 1.18. AvePoint has a one year low of $8.84 and a one year high of $19.95. The company’s fifty day moving average price is $10.18 and its 200 day moving average price is $11.34.

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