AvePoint (NASDAQ:AVPT) Hits New 1-Year Low on Analyst Downgrade

Shares of AvePoint, Inc. (NASDAQ:AVPT) hit a new 52-week low during mid-day trading on Tuesday after B. Riley lowered their price target on the stock from $25.00 to $22.00. B. Riley currently has a buy rating on the stock. AvePoint traded as low as $11.28 and last traded at $11.22, with a volume of 63634 shares trading hands. The stock had previously closed at $11.70.

Several other research firms have also weighed in on AVPT. Dbs Bank raised shares of AvePoint to a “moderate buy” rating in a report on Monday, October 6th. Cantor Fitzgerald dropped their price target on AvePoint from $22.50 to $18.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Evercore ISI reduced their price objective on AvePoint from $22.00 to $18.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Finally, Morgan Stanley set a $18.30 target price on AvePoint in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, AvePoint has an average rating of “Moderate Buy” and a consensus target price of $18.39.

Insider Buying and Selling

In other AvePoint news, Chairman Xunkai Gong sold 32,002 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $13.66, for a total value of $437,147.32. Following the transaction, the chairman directly owned 14,948,666 shares in the company, valued at approximately $204,198,777.56. This trade represents a 0.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.19% of the company’s stock.

Institutional Trading of AvePoint

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Okabena Investment Services Inc. acquired a new stake in shares of AvePoint in the 2nd quarter valued at approximately $780,000. Quantbot Technologies LP increased its stake in AvePoint by 6,801.0% in the second quarter. Quantbot Technologies LP now owns 307,026 shares of the company’s stock valued at $5,929,000 after purchasing an additional 302,577 shares in the last quarter. Next Century Growth Investors LLC raised its holdings in AvePoint by 53.0% in the second quarter. Next Century Growth Investors LLC now owns 1,019,773 shares of the company’s stock worth $19,692,000 after purchasing an additional 353,089 shares during the period. Jennison Associates LLC raised its holdings in AvePoint by 37.0% in the second quarter. Jennison Associates LLC now owns 2,908,473 shares of the company’s stock worth $56,163,000 after purchasing an additional 786,016 shares during the period. Finally, EFG Asset Management North America Corp. boosted its position in shares of AvePoint by 136.1% during the second quarter. EFG Asset Management North America Corp. now owns 163,066 shares of the company’s stock worth $3,150,000 after purchasing an additional 93,994 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Price Performance

The firm’s fifty day moving average price is $13.18 and its 200-day moving average price is $14.56.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). AvePoint had a return on equity of 0.66% and a net margin of 0.55%.The business had revenue of $109.73 million for the quarter, compared to analyst estimates of $105.72 million. Sell-side analysts expect that AvePoint, Inc. will post -0.03 earnings per share for the current fiscal year.

AvePoint Company Profile

AvePoint, Inc (NASDAQ:AVPT) is a leading software provider specializing in data management, governance, and compliance solutions for Microsoft 365 and related cloud platforms. Founded in 2001 and headquartered in Jersey City, New Jersey, the company offers a comprehensive suite of cloud-based and on-premises tools designed to help organizations migrate, manage, and protect their collaboration data. AvePoint’s flagship Cloud Platform delivers backup, governance, reporting, and migration services for SharePoint, Teams, Exchange, OneDrive, and Salesforce environments.

With a customer base spanning thousands of organizations across more than 100 countries, AvePoint serves enterprises, government agencies, and educational institutions seeking to ensure data security, regulatory compliance, and operational resilience.