AvePoint, Inc. (NASDAQ:AVPT) Receives $18.66 Consensus Target Price from Analysts

AvePoint, Inc. (NASDAQ:AVPT) has received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, Marketbeat reports. Five research 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 target price among brokerages that have issued ratings on the stock in the last year is $18.3909.

AVPT has been the topic of a number of recent research reports. Zacks Research lowered AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Evercore lowered their price target 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. Citigroup dropped their price objective on shares of AvePoint from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. Stephens initiated coverage on shares of AvePoint in a research note on Monday, December 29th. They set an “overweight” rating and a $18.00 target price on the stock. Finally, B. Riley Financial decreased their target price on shares of AvePoint from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Monday, February 2nd.

Insider Buying and Selling

In related news, Chairman Xunkai Gong sold 32,002 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $13.66, for a total value of $437,147.32. Following the completion of the transaction, the chairman directly owned 14,948,666 shares in the company, valued at approximately $204,198,777.56. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 26.19% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Large investors have recently modified their holdings of the business. Invesco Ltd. increased its position in shares of AvePoint by 218.0% during the 2nd quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock worth $103,036,000 after purchasing an additional 3,657,692 shares during the last quarter. Parsifal Capital Management LP increased its position in shares of AvePoint by 61.2% during the third quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock valued at $127,926,000 after acquiring an additional 3,235,384 shares during the last quarter. Prudential PLC acquired a new stake in shares of AvePoint during the third quarter valued at about $26,824,000. Millennium Management LLC raised its stake in shares of AvePoint by 583.4% in the 3rd quarter. Millennium Management LLC now owns 1,394,604 shares of the company’s stock valued at $20,959,000 after acquiring an additional 1,190,541 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of AvePoint by 72.2% in the 2nd quarter. Franklin Resources Inc. now owns 2,130,124 shares of the company’s stock worth $41,133,000 after acquiring an additional 893,384 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Trading Up 4.0%

AVPT stock opened at $10.57 on Friday. AvePoint has a 12 month low of $10.12 and a 12 month high of $20.25. The firm has a 50-day moving average of $13.03 and a two-hundred day moving average of $14.44.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $105.72 million. Sell-side analysts forecast that AvePoint will post -0.03 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.