AvePoint (AVPT) Set to Announce Earnings on Thursday

AvePoint (NASDAQ:AVPTGet Rating) will be issuing its quarterly earnings data after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Shares of NASDAQ:AVPT opened at $5.02 on Thursday. AvePoint has a 1-year low of $4.68 and a 1-year high of $12.55. The firm has a fifty day moving average price of $5.24 and a 200 day moving average price of $6.31.

A number of hedge funds and other institutional investors have recently modified their holdings of AVPT. Morgan Stanley acquired a new stake in AvePoint during the 3rd quarter worth about $543,000. UBS Group AG acquired a new position in AvePoint in the third quarter worth approximately $115,000. Bank of New York Mellon Corp acquired a new position in AvePoint in the third quarter worth approximately $290,000. Citigroup Inc. boosted its position in AvePoint by 132.4% during the fourth quarter. Citigroup Inc. now owns 39,675 shares of the company’s stock worth $250,000 after purchasing an additional 22,603 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in AvePoint by 2,244.4% during the fourth quarter. JPMorgan Chase & Co. now owns 23,444 shares of the company’s stock worth $148,000 after purchasing an additional 22,444 shares during the period. 33.70% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of AvePoint from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Monday, March 21st. Zacks Investment Research upgraded shares of AvePoint from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a report on Wednesday, March 23rd. Finally, Cantor Fitzgerald started coverage on shares of AvePoint in a research report on Tuesday, January 11th. They issued an “overweight” rating and a $10.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $11.56.

AvePoint Company Profile (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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