AvePoint (NASDAQ:AVPT) Shares Gap Up – Should You Buy?

AvePoint, Inc. (NASDAQ:AVPT)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $12.05, but opened at $12.56. AvePoint shares last traded at $12.4540, with a volume of 489,250 shares.

Analyst Upgrades and Downgrades

AVPT has been the subject of several recent research reports. William Blair reaffirmed a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. The Goldman Sachs Group reissued a “neutral” rating and set a $14.00 target price on shares of AvePoint in a report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. DA Davidson reaffirmed a “buy” rating and set a $18.00 price target on shares of AvePoint in a research note on Monday. Finally, Scotiabank dropped their price target on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a research note on Friday, May 8th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.44.

AvePoint Price Performance

The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 61.02 and a beta of 1.16. The firm’s fifty day moving average is $10.55 and its 200-day moving average is $11.06.

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

Institutional Investors Weigh In On AvePoint

Several large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake in AvePoint by 26.8% in the second quarter. Versant Capital Management Inc now owns 8,044 shares of the company’s stock valued at $90,000 after buying an additional 1,701 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of AvePoint by 25.8% during the 1st quarter. Pacer Advisors Inc. now owns 26,892 shares of the company’s stock worth $256,000 after buying an additional 5,511 shares in the last quarter. Bank of America Corp DE grew its position in shares of AvePoint by 185.8% during the 1st quarter. Bank of America Corp DE now owns 1,253,662 shares of the company’s stock worth $11,922,000 after buying an additional 815,074 shares during the period. Smith Group Asset Management LLC grew its position in shares of AvePoint by 9.0% during the 1st quarter. Smith Group Asset Management LLC now owns 62,120 shares of the company’s stock worth $591,000 after buying an additional 5,155 shares during the period. Finally, Stoic Point Capital Management LLC increased its stake in shares of AvePoint by 95.1% in the 1st quarter. Stoic Point Capital Management LLC now owns 485,603 shares of the company’s stock valued at $4,618,000 after acquiring an additional 236,703 shares in the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

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.