AvePoint, Inc. (NASDAQ:AVPT) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of AvePoint, Inc. (NASDAQ:AVPT) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $18.6636.

Several research firms have recently commented on AVPT. Citigroup decreased their price objective on AvePoint from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research note on Monday, December 29th. Robert W. Baird upgraded AvePoint to a “hold” rating in a research report on Monday, October 27th. Evercore ISI dropped their price objective on AvePoint from $22.00 to $18.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. Finally, Scotiabank cut their target price on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating on the stock in a report on Friday, November 7th.

AvePoint Price Performance

AVPT stock opened at $11.63 on Friday. AvePoint has a one year low of $11.49 and a one year high of $20.25. The company’s 50 day moving average price is $13.24 and its two-hundred day moving average price is $14.72.

AvePoint (NASDAQ:AVPT) last released its earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $109.73 million for the quarter, compared to the consensus estimate of $105.72 million. AvePoint had a net margin of 0.55% and a return on equity of 0.66%. As a group, analysts anticipate that AvePoint will post -0.03 earnings per share for the current year.

Insider Transactions at AvePoint

In other AvePoint news, Chairman Xunkai Gong sold 27,998 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $13.39, for a total value of $374,893.22. Following the transaction, the chairman owned 14,920,668 shares in the company, valued at approximately $199,787,744.52. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 120,000 shares of company stock valued at $1,646,709. 26.19% of the stock is owned by company insiders.

Institutional Trading of AvePoint

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in AvePoint by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock valued at $241,749,000 after purchasing an additional 195,404 shares during the period. Parsifal Capital Management LP increased its stake in shares of AvePoint by 61.2% during the third quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock valued at $127,926,000 after buying an additional 3,235,384 shares during the period. Invesco Ltd. lifted its stake in AvePoint by 218.0% in the second quarter. Invesco Ltd. now owns 5,335,882 shares of the company’s stock worth $103,036,000 after acquiring an additional 3,657,692 shares during the period. Jennison Associates LLC boosted its holdings in AvePoint by 11.1% in the fourth quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock valued at $57,967,000 after acquiring an additional 417,625 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of AvePoint by 6.1% during the second quarter. Geode Capital Management LLC now owns 3,122,598 shares of the company’s stock valued at $60,304,000 after buying an additional 179,694 shares during the period. 44.49% of the stock is owned by institutional investors.

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.