AvePoint (NASDAQ:AVPT) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of AvePoint (NASDAQ:AVPT) from a buy rating to a hold rating in a report issued on Saturday morning.

A number of other analysts also recently issued reports on the company. DA Davidson reissued a “buy” rating and set a $18.00 price objective on shares of AvePoint in a research report on Monday, July 6th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $14.00 target price on shares of AvePoint in a research note on Wednesday, May 13th. Zacks Research raised shares of AvePoint from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Scotiabank decreased their price objective on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

AvePoint Stock Performance

AVPT opened at $13.03 on Friday. The stock has a market capitalization of $2.76 billion, a PE ratio of 62.05 and a beta of 1.16. AvePoint has a one year low of $8.84 and a one year high of $19.95. The business’s 50 day moving average price is $11.54 and its 200 day moving average price is $10.94.

AvePoint (NASDAQ:AVPT) last posted 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 business had revenue of $117.24 million for the quarter, compared to analyst estimates of $116.43 million. As a group, equities research analysts forecast that AvePoint will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian Michael Brown sold 5,176 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total value of $67,598.56. Following the transaction, 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 filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On AvePoint

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Peregrine Capital Management LLC purchased a new stake in AvePoint in the fourth quarter valued at $10,362,000. Vanguard Group Inc. increased its position in shares of AvePoint by 1.1% during the fourth 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 lifted its holdings in shares of AvePoint by 11.1% in the 4th quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock valued at $57,967,000 after purchasing an additional 417,625 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of AvePoint by 83.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 232,250 shares of the company’s stock valued at $2,209,000 after purchasing an additional 105,471 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its position in shares of AvePoint by 419.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 103,344 shares of the company’s stock valued at $1,435,000 after purchasing an additional 83,440 shares during the period. 44.49% of the stock is owned by institutional investors and hedge funds.

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.