Brokerages Set AvePoint, Inc. (NASDAQ:AVPT) Price Target at $16.44

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

Several analysts recently commented on the company. William Blair restated a “market perform” rating on shares of AvePoint in a research report on Monday, March 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $14.00 target price on shares of AvePoint in a research report on Wednesday, May 13th. Jefferies Financial Group decreased their price target on AvePoint from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Citigroup decreased their price target on AvePoint from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Finally, Cantor Fitzgerald decreased their price target on AvePoint from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, February 27th.

AvePoint Price Performance

AVPT opened at $10.58 on Friday. AvePoint has a 12 month low of $8.84 and a 12 month high of $19.95. The stock has a market cap of $2.24 billion, a P/E ratio of 50.38 and a beta of 1.18. The stock’s 50 day moving average price is $10.13 and its 200 day moving average price is $11.37.

AvePoint (NASDAQ:AVPT) last posted its earnings results on Thursday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). AvePoint had a net margin of 10.55% and a return on equity of 10.52%. The business had revenue of $117.24 million during the quarter, compared to analyst estimates of $116.43 million. Equities analysts anticipate that AvePoint will post 0.21 EPS for the current year.

Hedge Funds Weigh In On AvePoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in AvePoint during the 4th quarter valued at $28,000. Aster Capital Management DIFC Ltd boosted its stake in AvePoint by 698.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock valued at $31,000 after purchasing an additional 1,810 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in AvePoint by 933.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after purchasing an additional 2,689 shares in the last quarter. Vestcor Inc bought a new position in AvePoint during the 3rd quarter valued at $45,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of AvePoint during the 4th quarter worth $47,000. 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.