AvePoint, Inc. (NASDAQ:AVPT) Receives $17.66 Average Target Price from Brokerages

Shares of AvePoint, Inc. (NASDAQ:AVPTGet Free Report) have received an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.2750.

Several research firms recently weighed in on AVPT. Jefferies Financial Group reduced their price target on shares of AvePoint from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday. Evercore dropped their target price on shares of AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Zacks Research downgraded shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Wall Street Zen raised shares of AvePoint from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Finally, DA Davidson dropped their price objective on AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th.

Read Our Latest Analysis on AvePoint

AvePoint Stock Performance

AvePoint stock opened at $10.78 on Wednesday. AvePoint has a fifty-two week low of $9.85 and a fifty-two week high of $20.25. The stock has a market cap of $2.33 billion, a PE ratio of 67.38 and a beta of 1.09. The firm’s 50-day simple moving average is $12.13 and its 200 day simple moving average is $13.67.

AvePoint (NASDAQ:AVPTGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). AvePoint had a return on equity of 8.46% and a net margin of 8.34%.The business had revenue of $114.69 million for the quarter, compared to the consensus estimate of $110.94 million. As a group, analysts predict that AvePoint will post -0.03 EPS for the current fiscal year.

AvePoint News Summary

Here are the key news stories impacting AvePoint this week:

Insider Activity

In other news, Chairman Xunkai Gong sold 27,998 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $13.39, for a total transaction of $374,893.22. Following the transaction, the chairman owned 14,920,668 shares of the company’s stock, valued at $199,787,744.52. This represents a 0.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 26.19% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AvePoint

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVPT. Global Retirement Partners LLC bought a new position in AvePoint during the third quarter worth about $26,000. Kestra Advisory Services LLC purchased a new stake in shares of AvePoint during the 4th quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd boosted its holdings in AvePoint by 698.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock worth $31,000 after buying an additional 1,810 shares during the period. Advisors Asset Management Inc. grew its stake in AvePoint by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after buying an additional 919 shares in the last quarter. Finally, Vestcor Inc purchased a new position in AvePoint in the 3rd quarter valued at approximately $45,000. 44.49% of the stock is currently owned by institutional investors.

About AvePoint

(Get Free Report)

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.

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Analyst Recommendations for AvePoint (NASDAQ:AVPT)

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