AvePoint (NASDAQ:AVPT) Price Target Raised to $15.00

AvePoint (NASDAQ:AVPT) had its target price boosted by Scotiabank from $12.00 to $15.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a sector outperform rating on the stock.

A number of other equities analysts also recently commented on the stock. TD Cowen increased their price objective on shares of AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Friday. Wall Street Zen downgraded AvePoint from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. DA Davidson reiterated a “buy” rating and set a $18.00 target price on shares of AvePoint in a report on Monday, July 6th. The Goldman Sachs Group reissued a “neutral” rating and set a $14.00 price target on shares of AvePoint in a research report on Wednesday, May 13th. Finally, Evercore restated an “outperform” rating and issued a $16.00 price target on shares of AvePoint in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.44.

AvePoint Price Performance

NASDAQ AVPT opened at $12.79 on Friday. AvePoint has a 12-month low of $8.84 and a 12-month high of $16.77. The company has a market capitalization of $2.71 billion, a PE ratio of 39.97 and a beta of 1.16. The firm’s 50 day moving average is $11.81 and its 200-day moving average is $10.93.

AvePoint (NASDAQ:AVPT) last announced its earnings results on Thursday, August 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $124.50 million during the quarter, compared to analysts’ expectations of $121.38 million. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. As a group, sell-side analysts expect that AvePoint will post 0.21 EPS for the current year.

Insider Buying and Selling

In other news, insider Brian Michael Brown sold 5,176 shares of AvePoint stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $13.06, for a total value of $67,598.56. Following the completion of the transaction, the insider owned 809,664 shares of the company’s stock, valued at $10,574,211.84. This trade represents a 0.64% decrease in their position. The sale 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 corporate insiders.

Institutional Investors Weigh In On AvePoint

A number of institutional investors and hedge funds have recently modified their holdings of AVPT. PNC Financial Services Group Inc. lifted its stake in AvePoint by 933.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after purchasing an additional 2,689 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in AvePoint during the fourth quarter worth approximately $28,000. GAMMA Investing LLC increased its position 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 last quarter. Vestcor Inc bought a new stake in AvePoint in the third quarter valued at approximately $45,000. Finally, Kemnay Advisory Services Inc. bought a new stake in AvePoint in the fourth quarter valued at approximately $47,000. 44.49% of the stock is owned by institutional investors.

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.