AvePoint, Inc. (NASDAQ:AVPT) Receives $16.44 Average Price Target from Analysts

Shares of AvePoint, Inc. (NASDAQ:AVPT) have received a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.4417.

AVPT has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research report on Wednesday, June 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $14.00 price objective on shares of AvePoint in a research report on Wednesday, May 13th. DA Davidson reissued a “buy” rating and set a $18.00 target price on shares of AvePoint in a research note on Monday, July 6th. Zacks Research raised AvePoint from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Finally, Scotiabank reduced their target price on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a research report on Friday, May 8th.

Institutional Trading of AvePoint

A number of hedge funds and other institutional investors have recently modified their holdings of AVPT. Handelsbanken Fonder AB raised its holdings in AvePoint by 43.4% in the 2nd quarter. Handelsbanken Fonder AB now owns 44,300 shares of the company’s stock valued at $497,000 after buying an additional 13,400 shares during the period. GAMMA Investing LLC boosted its stake in AvePoint by 26.6% during the second quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock worth $43,000 after buying an additional 802 shares during the period. Versant Capital Management Inc increased its position 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 valued at $90,000 after acquiring an additional 1,701 shares during 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 valued at $256,000 after acquiring an additional 5,511 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of AvePoint by 185.8% during the first quarter. Bank of America Corp DE now owns 1,253,662 shares of the company’s stock valued at $11,922,000 after acquiring an additional 815,074 shares during the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

AvePoint Trading Up 4.7%

AvePoint stock opened at $12.81 on Friday. AvePoint has a 12-month low of $8.84 and a 12-month high of $19.95. The stock has a market cap of $2.72 billion, a P/E ratio of 61.00 and a beta of 1.16. The company has a 50-day moving average price of $11.32 and a 200 day moving average price of $10.94.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Thursday, May 7th. The company reported $0.07 EPS 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 firm had revenue of $117.24 million for the quarter, compared to analysts’ expectations of $116.43 million. As a group, analysts forecast that AvePoint will post 0.21 EPS 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.