FY2027 Earnings Forecast for AvePoint Issued By Scotiabank

AvePoint, Inc. (NASDAQ:AVPT) – Scotiabank decreased their FY2027 earnings per share (EPS) estimates for shares of AvePoint in a research note issued to investors on Wednesday, August 19th. Scotiabank analyst J. Vandrick now forecasts that the company will post earnings per share of $0.27 for the year, down from their previous forecast of $0.28. Scotiabank currently has a “Sector Outperform” rating and a $15.00 target price on the stock. The consensus estimate for AvePoint’s current full-year earnings is $0.25 per share.

AVPT has been the topic of several other research reports. Weiss Ratings upgraded AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Evercore reiterated an “outperform” rating and issued a $16.00 target price on shares of AvePoint in a report on Friday, August 7th. TD Cowen lifted their target price on shares of AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Citigroup restated a “neutral” rating on shares of AvePoint in a report on Wednesday, August 12th. Finally, DA Davidson restated a “buy” rating and issued a $18.00 price target on shares of AvePoint in a research report on Monday, July 6th. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, AvePoint currently has an average rating of “Moderate Buy” and an average price target of $16.44.

AvePoint Stock Down 1.1%

NASDAQ:AVPT opened at $13.13 on Friday. AvePoint has a 1-year low of $8.84 and a 1-year high of $16.77. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 41.03 and a beta of 1.16. The stock has a fifty day simple moving average of $12.24 and a 200 day simple moving average of $10.99.

AvePoint (NASDAQ:AVPT) last announced its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. AvePoint had a return on equity of 15.97% and a net margin of 15.33%.The company had revenue of $124.50 million for the quarter, compared to analyst estimates of $121.38 million.

Hedge Funds Weigh In On AvePoint

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of AvePoint in the fourth quarter worth approximately $28,000. PNC Financial Services Group Inc. grew its holdings in shares of AvePoint by 933.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after acquiring an additional 2,689 shares in the last quarter. Vestcor Inc acquired a new position in shares of AvePoint in the third quarter worth $45,000. Kemnay Advisory Services Inc. acquired a new stake in AvePoint during the fourth quarter valued at $47,000. Finally, GAMMA Investing LLC boosted its position in AvePoint by 26.6% during the second quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after purchasing an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian Michael Brown sold 5,176 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56. Following the transaction, the insider directly owned 809,664 shares of the company’s stock, valued at approximately $10,574,211.84. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 22.66% of the company’s stock.

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.