AvePoint’s (AVPT) Buy Rating Reaffirmed at DA Davidson

AvePoint (NASDAQ:AVPT)‘s stock had its “buy” rating reissued by investment analysts at DA Davidson in a report issued on Monday,Benzinga reports. They presently have a $18.00 price objective on the stock. DA Davidson’s target price would indicate a potential upside of 51.11% from the stock’s current price.

A number of other equities research analysts have also issued reports on AVPT. Scotiabank decreased their price target on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a research note on Friday, May 8th. William Blair reissued a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $14.00 price target on shares of AvePoint in a report on Wednesday, May 13th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.44.

AvePoint Stock Performance

NASDAQ AVPT traded up $0.45 on Monday, hitting $11.91. 582,640 shares of the stock were exchanged, compared to its average volume of 2,062,090. The stock has a fifty day moving average price of $10.51 and a two-hundred day moving average price of $11.07. The firm has a market capitalization of $2.53 billion, a P/E ratio of 56.74 and a beta of 1.16. AvePoint has a 52-week low of $8.84 and a 52-week high of $19.95.

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

Institutional Investors Weigh In On AvePoint

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

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.