AvePoint, Inc. (NASDAQ:AVPT) Given Consensus Rating of “Buy” by Analysts

AvePoint, Inc. (NASDAQ:AVPTGet Rating) has received an average rating of “Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.56.

AVPT has been the subject of a number of research reports. Cantor Fitzgerald initiated coverage on AvePoint in a research report on Tuesday, January 11th. They set an “overweight” rating and a $10.00 price objective for the company. Zacks Investment Research raised AvePoint from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Wednesday, March 23rd. Finally, The Goldman Sachs Group cut AvePoint from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a research report on Monday, March 21st.

AVPT opened at $4.79 on Friday. AvePoint has a 1 year low of $4.75 and a 1 year high of $12.55. The stock has a fifty day moving average price of $5.37 and a 200 day moving average price of $6.51.

Several large investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. bought a new position in shares of AvePoint in the third quarter worth about $35,000. Schonfeld Strategic Advisors LLC bought a new position in shares of AvePoint in the fourth quarter worth about $64,000. J.W. Cole Advisors Inc. bought a new position in shares of AvePoint in the fourth quarter worth about $67,000. US Bancorp DE bought a new position in shares of AvePoint in the third quarter worth about $93,000. Finally, Squarepoint Ops LLC bought a new position in shares of AvePoint in the third quarter worth about $95,000. 13.83% of the stock is owned by institutional investors.

About AvePoint (Get Rating)

AvePoint, Inc provides Microsoft 365 data management solutions worldwide. It offers SaaS platform cloud-hosted collaboration systems by providing suite of software products. The company focuses on data protection, governance, compliance management extensions for Microsoft 365, Dynamics 365, Salesforce, and Google Workspace.

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Analyst Recommendations for AvePoint (NASDAQ:AVPT)

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