AvePoint, Inc. (NASDAQ:AVPT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

AvePoint, Inc. (NASDAQ:AVPT) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $17.1083.

Several research firms have issued reports on AVPT. Jefferies Financial Group dropped their price target on AvePoint from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Stephens initiated coverage on AvePoint in a research note on Monday, December 29th. They set an “overweight” rating and a $18.00 price objective for the company. DA Davidson decreased their target price on AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a research report on Monday, December 29th. Finally, Citigroup reduced their target price on AvePoint from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Monday, March 2nd.

AvePoint Price Performance

Shares of AVPT opened at $10.30 on Friday. The firm’s 50 day moving average is $11.22 and its 200-day moving average is $13.16. The stock has a market capitalization of $2.22 billion, a P/E ratio of 64.38 and a beta of 1.12. AvePoint has a 12-month low of $9.85 and a 12-month high of $20.25.

AvePoint (NASDAQ:AVPT) last released its earnings results on Thursday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). AvePoint had a net margin of 8.34% and a return on equity of 8.19%. The business had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. As a group, equities research analysts forecast that AvePoint will post -0.03 EPS for the current fiscal 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 stock was sold at an average price of $13.39, for a total transaction of $374,893.22. Following the sale, 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 position. The transaction 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 Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its stake in shares of AvePoint by 11.2% during the 3rd quarter. US Bancorp DE now owns 7,962 shares of the company’s stock worth $120,000 after purchasing an additional 800 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of AvePoint by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after buying an additional 919 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of AvePoint by 1.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock valued at $786,000 after buying an additional 1,016 shares in the last quarter. Blair William & Co. IL increased its holdings in AvePoint by 8.3% in the fourth quarter. Blair William & Co. IL now owns 13,700 shares of the company’s stock worth $190,000 after buying an additional 1,050 shares during the last quarter. Finally, Xponance LLC increased its holdings in AvePoint by 11.5% in the fourth quarter. Xponance LLC now owns 11,522 shares of the company’s stock worth $160,000 after buying an additional 1,188 shares during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

About AvePoint

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.