AvePoint, Inc. (NASDAQ:AVPT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of AvePoint, Inc. (NASDAQ:AVPT) have received an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $16.4417.

A number of equities research analysts have issued reports on AVPT shares. Wall Street Zen lowered shares of AvePoint from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Evercore reiterated an “outperform” rating and set a $16.00 price objective on shares of AvePoint in a report on Friday, August 7th. TD Cowen lifted their price objective on AvePoint from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and issued a $14.00 target price on shares of AvePoint in a research note on Wednesday, May 13th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $18.00 target price on shares of AvePoint in a research report on Monday, July 6th.

AvePoint Price Performance

Shares of AVPT opened at $13.07 on Wednesday. The firm’s 50 day moving average is $12.38 and its 200-day moving average is $11.03. The stock has a market capitalization of $2.77 billion, a P/E ratio of 40.85 and a beta of 1.16. AvePoint has a 12-month low of $8.84 and a 12-month high of $16.77.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.12 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $121.38 million. As a group, equities research analysts forecast that AvePoint will post 0.25 EPS for the current fiscal year.

Insider Transactions at AvePoint

In other news, insider Brian Michael Brown sold 5,176 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was 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 in the company, valued at approximately $10,574,211.84. This represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 22.66% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in shares of AvePoint by 933.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after buying an additional 2,689 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in AvePoint during the fourth quarter worth about $28,000. GAMMA Investing LLC grew 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 in the last quarter. Vestcor Inc acquired a new stake in AvePoint during the third quarter worth about $45,000. Finally, Kemnay Advisory Services Inc. bought a new position in AvePoint during the fourth quarter valued at about $47,000. 44.49% of the stock is currently owned by institutional investors.

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.