Analysts forecast that AvePoint, Inc. (NASDAQ:AVPT – Get Rating) will announce $48.67 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for AvePoint’s earnings, with the lowest sales estimate coming in at $48.50 million and the highest estimate coming in at $49.00 million. The firm is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that AvePoint will report full-year sales of $239.17 million for the current financial year, with estimates ranging from $239.00 million to $239.50 million. For the next financial year, analysts forecast that the business will report sales of $314.73 million, with estimates ranging from $300.30 million to $323.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover AvePoint.
Several equities analysts have weighed in on the company. Zacks Investment Research upgraded AvePoint from a “hold” rating to a “buy” rating and set a $6.50 target price on the stock in a report on Wednesday, March 23rd. The Goldman Sachs Group lowered AvePoint from a “buy” rating to a “neutral” rating and set a $7.00 target price for the company. in a report on Monday, March 21st. Finally, Cantor Fitzgerald assumed coverage on AvePoint in a report on Tuesday, January 11th. They set an “overweight” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $11.56.
Shares of AvePoint stock traded up $0.06 during midday trading on Tuesday, reaching $5.15. 1,594,156 shares of the company’s stock traded hands, compared to its average volume of 1,629,306. AvePoint has a 52 week low of $4.78 and a 52 week high of $12.55. The company’s 50 day simple moving average is $5.48 and its 200 day simple moving average is $6.62.
About AvePoint (Get Rating)
AvePoint, Inc provides Microsoft 365 data management solutions worldwide. It offers a suite of SaaS solutions to migrate, manage, and protect data. The company provides cloud solutions for Office 365, Salesforce, and Dynamics 365; and hybrid/on-prem products. It also offers advisory and implementation, maintenance and support, Microsoft Teams surge and advisory, migration as a service, and quick start services.
- Get a free copy of the StockNews.com research report on AvePoint (AVPT)
- Institutions And Analysts Drive UnitedHealth Group Higher
- MarketBeat: Week in Review 4/11 – 4/15
- Three Beaten Down Mega Caps The Analysts Are Upgrading
- Top 3 Safe Stocks for Conservative Investors
- Array Technologies Stock Giving Another Ground Floor Entry
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AvePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvePoint and related companies with MarketBeat.com's FREE daily email newsletter.