AvePoint (NASDAQ:AVPT) Rating Lowered to Hold at Zacks Research

AvePoint (NASDAQ:AVPT) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts also recently commented on AVPT. Evercore reissued an “outperform” rating and set a $16.00 target price on shares of AvePoint in a research report on Friday. Wall Street Zen downgraded shares of AvePoint from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a research note on Wednesday, June 24th. The Goldman Sachs Group reissued a “neutral” rating and set a $14.00 price objective on shares of AvePoint in a report on Wednesday, May 13th. Finally, DA Davidson reissued a “buy” rating and issued a $18.00 price objective on shares of AvePoint in a research note on Monday, July 6th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.44.

AvePoint Trading Up 1.1%

AVPT opened at $13.13 on Monday. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 41.03 and a beta of 1.16. AvePoint has a 12-month low of $8.84 and a 12-month high of $16.77. The business’s fifty day simple moving average is $11.88 and its 200-day simple moving average is $10.94.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. AvePoint had a return on equity of 15.97% and a net margin of 15.33%.The firm had revenue of $124.50 million during the quarter, compared to the consensus estimate of $121.38 million. On average, equities research analysts predict that AvePoint will post 0.21 EPS for the current year.

Insider Activity at AvePoint

In related news, insider Brian Michael Brown sold 5,176 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $13.06, for a total transaction of $67,598.56. Following the completion of the sale, the insider owned 809,664 shares of the company’s stock, valued at $10,574,211.84. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.66% of the stock is currently owned by company insiders.

Institutional Trading of AvePoint

Institutional investors have recently made changes to their positions in the business. Peregrine Capital Management LLC acquired a new position in shares of AvePoint during the fourth quarter valued at about $10,362,000. Vanguard Group Inc. boosted its stake in AvePoint by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock worth $241,749,000 after purchasing an additional 195,404 shares in the last quarter. Jennison Associates LLC boosted its stake in AvePoint by 11.1% in the 4th quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock worth $57,967,000 after purchasing an additional 417,625 shares in the last quarter. Y Intercept Hong Kong Ltd grew its position in AvePoint by 83.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 232,250 shares of the company’s stock worth $2,209,000 after purchasing an additional 105,471 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in AvePoint by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 789,069 shares of the company’s stock worth $7,504,000 after purchasing an additional 67,514 shares during 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.