AvePoint (AVPT) Scheduled to Post Quarterly Earnings on Thursday

AvePoint (NASDAQ:AVPT) will be announcing its earnings results after the market closes on Thursday, May 9th. AvePoint has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). AvePoint had a negative net margin of 7.94% and a negative return on equity of 9.94%. The firm had revenue of $74.60 million during the quarter, compared to analysts’ expectations of $71.57 million. During the same period in the previous year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts expect AvePoint to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

AvePoint Stock Up 0.5 %

AVPT stock opened at $8.18 on Tuesday. AvePoint has a 52-week low of $4.38 and a 52-week high of $8.61. The firm has a market cap of $1.51 billion, a P/E ratio of -68.17 and a beta of 0.84. The company’s 50-day simple moving average is $7.86 and its 200-day simple moving average is $7.93.

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $7.86, for a total value of $157,200.00. Following the transaction, the insider now owns 1,351,240 shares in the company, valued at approximately $10,620,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 43,061 shares of company stock valued at $343,888 over the last ninety days. Insiders own 27.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on AVPT shares. Evercore ISI raised their price objective on AvePoint from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Citigroup lifted their price target on shares of AvePoint from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, Cantor Fitzgerald increased their price objective on shares of AvePoint from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, March 1st.

About AvePoint

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.