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

AvePoint, Inc. (NASDAQ:AVPT) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $16.4417.

A number of research analysts have recently issued reports on AVPT shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. The Goldman Sachs Group restated a “neutral” rating and set a $14.00 price objective on shares of AvePoint in a research note on Wednesday, May 13th. DA Davidson reaffirmed a “buy” rating and set a $18.00 price objective on shares of AvePoint in a research report on Monday. William Blair reiterated a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. Finally, Scotiabank reduced their target price on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a report on Friday, May 8th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AVPT. Morgan Stanley boosted its stake in AvePoint by 372.6% in 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 in the last quarter. Parsifal Capital Management LP lifted its holdings in shares of AvePoint by 61.2% during the 3rd quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock valued at $127,926,000 after purchasing an additional 3,235,384 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of AvePoint by 620.9% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,140,572 shares of the company’s stock valued at $29,733,000 after purchasing an additional 1,843,641 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of AvePoint by 335.2% in the 1st quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company’s stock worth $22,745,000 after purchasing an additional 1,842,124 shares in the last quarter. Finally, Prudential PLC purchased a new position in AvePoint during the 3rd quarter worth $26,824,000. Institutional investors own 44.49% of the company’s stock.

AvePoint Price Performance

NASDAQ AVPT traded up $0.77 during trading on Tuesday, reaching $12.81. 1,041,996 shares of the company’s stock traded hands, compared to its average volume of 2,065,169. AvePoint has a 12-month low of $8.84 and a 12-month high of $19.95. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 61.02 and a beta of 1.16. The company’s 50 day simple moving average is $10.55 and its two-hundred day simple moving average is $11.06.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $117.24 million for the quarter, compared to the consensus estimate of $116.43 million. AvePoint had a net margin of 10.55% and a return on equity of 10.52%. Research analysts expect that AvePoint will post 0.21 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.