AvePoint, Inc. (NASDAQ:AVPT) Given Average Rating of “Moderate Buy” by Analysts

AvePoint, Inc. (NASDAQ:AVPT) has received an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $16.4417.

Several analysts have recently commented on AVPT shares. Jefferies Financial Group lowered their price objective on AvePoint from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. TD Cowen lowered their price objective on AvePoint from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, February 27th. B. Riley Financial lowered their price objective on AvePoint from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. William Blair reissued a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. Finally, Citigroup lowered their price objective on AvePoint from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd.

AvePoint Stock Performance

Shares of NASDAQ:AVPT opened at $9.93 on Monday. The business’s 50 day simple moving average is $10.07 and its two-hundred day simple moving average is $11.73. The firm has a market cap of $2.14 billion, a P/E ratio of 47.29 and a beta of 1.16. AvePoint has a 52-week low of $8.84 and a 52-week high of $19.95.

AvePoint (NASDAQ:AVPT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $117.24 million during the quarter, compared to the consensus estimate of $116.43 million. AvePoint had a return on equity of 10.52% and a net margin of 10.55%. On average, equities analysts forecast that AvePoint will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of AvePoint

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of AvePoint by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock worth $241,749,000 after purchasing an additional 195,404 shares during the last quarter. Parsifal Capital Management LP increased its position 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 acquiring an additional 3,235,384 shares during the last quarter. Morgan Stanley increased its position in shares of AvePoint by 372.6% during the fourth quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock valued at $109,332,000 after acquiring an additional 6,205,829 shares during the last quarter. Jennison Associates LLC increased its position in shares of AvePoint by 11.1% during 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 during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of AvePoint by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 3,643,473 shares of the company’s stock valued at $50,614,000 after acquiring an additional 234,080 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.