AvePoint (NASDAQ:AVPT) Lowered to Hold Rating by Zacks Research

Zacks Research cut shares of AvePoint (NASDAQ:AVPT) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Several other research firms have also weighed in on AVPT. Wall Street Zen lowered AvePoint from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Evercore reaffirmed an “outperform” rating and set a $16.00 target price on shares of AvePoint in a research note on Friday. Scotiabank upped their target price on AvePoint from $12.00 to $15.00 and gave the company a “sector outperform” rating in a report on Friday, August 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $14.00 price target on shares of AvePoint in a report on Wednesday, May 13th. Ten investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.44.

AvePoint Stock Performance

NASDAQ AVPT opened at $13.13 on Monday. AvePoint has a twelve month low of $8.84 and a twelve month high of $16.77. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 41.03 and a beta of 1.16. The firm’s 50 day moving average price is $11.88 and its two-hundred day moving average price is $10.94.

AvePoint (NASDAQ:AVPT) last released its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $124.50 million during the quarter, compared to analyst estimates of $121.38 million. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. On average, research analysts forecast that AvePoint will post 0.21 EPS for the current fiscal year.

Insider Transactions at AvePoint

In related news, insider Brian Michael Brown sold 5,176 shares of AvePoint stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56. Following the completion of the sale, the insider owned 809,664 shares of the company’s stock, valued at approximately $10,574,211.84. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 22.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of AvePoint during the 4th quarter valued at about $28,000. PNC Financial Services Group Inc. increased its holdings in AvePoint by 933.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock worth $28,000 after buying an additional 2,689 shares during the last quarter. Vestcor Inc acquired a new position in AvePoint in the third quarter worth approximately $45,000. Kemnay Advisory Services Inc. bought a new position in AvePoint during the fourth quarter valued at approximately $47,000. Finally, GAMMA Investing LLC raised its position in AvePoint by 26.6% during the second quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after acquiring an additional 802 shares in the last quarter. 44.49% of the stock is owned by institutional investors and hedge funds.

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.