According to Zacks, “AvePoint Inc. is a data management solutions provider. AvePoint Inc., formerly known as Apex Technology Acquisition Corporation, is based in JERSEY CITY, N.J. “
Separately, The Goldman Sachs Group cut shares of AvePoint from a “buy” rating to a “neutral” rating and set a $7.00 target price on the stock. in a report on Monday, March 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, AvePoint presently has an average rating of “Buy” and a consensus target price of $11.56.
AvePoint (NASDAQ:AVPT – Get Rating) last posted its quarterly earnings results on Thursday, March 17th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $53.84 million during the quarter, compared to analyst estimates of $57.67 million. AvePoint had a negative return on equity of 33.17% and a negative net margin of 20.43%. As a group, equities analysts forecast that AvePoint will post -0.23 EPS for the current year.
A number of large investors have recently made changes to their positions in AVPT. Advisor Group Holdings Inc. acquired a new stake in shares of AvePoint in the 3rd quarter valued at $35,000. FourThought Financial LLC lifted its position in AvePoint by 192.6% during the 1st quarter. FourThought Financial LLC now owns 6,245 shares of the company’s stock worth $33,000 after acquiring an additional 4,111 shares during the last quarter. Quantbot Technologies LP lifted its position in AvePoint by 136.8% during the 1st quarter. Quantbot Technologies LP now owns 6,867 shares of the company’s stock worth $36,000 after acquiring an additional 3,967 shares during the last quarter. Royal Bank of Canada lifted its position in AvePoint by 97,940.0% during the 1st quarter. Royal Bank of Canada now owns 9,804 shares of the company’s stock worth $52,000 after acquiring an additional 9,794 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in AvePoint during the 4th quarter worth $64,000. 33.70% of the stock is currently owned by hedge funds and other 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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