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

AvePoint, Inc. (NASDAQ:AVPT) has earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $17.1083.

A number of equities analysts have weighed in on AVPT shares. Zacks Research lowered shares of AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. Citigroup dropped their price target on shares of AvePoint from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Stephens initiated coverage on shares of AvePoint in a report on Monday, December 29th. They issued an “overweight” rating and a $18.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a research note on Monday, December 29th. Finally, Cantor Fitzgerald lowered their target price on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday, February 27th.

Insider Buying and Selling at AvePoint

In other news, Chairman Xunkai Gong sold 32,002 shares of AvePoint 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 completion of the transaction, the chairman directly owned 14,948,666 shares in the company, valued at approximately $204,198,777.56. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.66% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in shares of AvePoint by 11.2% during the third quarter. US Bancorp DE now owns 7,962 shares of the company’s stock valued at $120,000 after buying an additional 800 shares during the period. Advisors Asset Management Inc. boosted its position in shares of AvePoint by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after acquiring an additional 919 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of AvePoint by 1.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock valued at $786,000 after acquiring an additional 1,016 shares during the period. Blair William & Co. IL grew its stake in AvePoint by 8.3% during the fourth quarter. Blair William & Co. IL now owns 13,700 shares of the company’s stock valued at $190,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Xponance LLC grew its stake in AvePoint by 11.5% during the fourth quarter. Xponance LLC now owns 11,522 shares of the company’s stock valued at $160,000 after acquiring an additional 1,188 shares in the last quarter. Institutional investors own 44.49% of the company’s stock.

AvePoint Price Performance

Shares of AVPT opened at $9.78 on Friday. AvePoint has a 1 year low of $9.55 and a 1 year high of $20.25. The stock’s fifty day moving average price is $10.94 and its two-hundred day moving average price is $13.00. The firm has a market cap of $2.11 billion, a PE ratio of 61.13 and a beta of 1.12.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). AvePoint had a return on equity of 8.19% and a net margin of 8.34%.The firm had revenue of $114.69 million for the quarter, compared to the consensus estimate of $110.94 million. Sell-side analysts anticipate that AvePoint 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.