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

AvePoint, Inc. (NASDAQ:AVPT) has been given a consensus recommendation of “Moderate Buy” by the sixteen research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $16.4417.

AVPT has been the subject of a number of recent research reports. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings raised shares of AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Scotiabank upped their target price on shares of AvePoint from $12.00 to $15.00 and gave the company a “sector outperform” rating in a report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $14.00 target price on shares of AvePoint in a report on Wednesday, May 13th. Finally, Wall Street Zen cut AvePoint from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

AvePoint Stock Performance

AVPT opened at $13.37 on Wednesday. The stock has a market capitalization of $2.83 billion, a P/E ratio of 41.78 and a beta of 1.16. AvePoint has a 12 month low of $8.84 and a 12 month high of $16.77. The firm’s fifty day simple moving average is $12.29 and its 200 day simple moving average is $11.00.

AvePoint (NASDAQ:AVPT) last released its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. AvePoint had a return on equity of 15.97% and a net margin of 15.33%.The firm had revenue of $124.50 million during the quarter, compared to analysts’ expectations of $121.38 million. On average, equities research analysts predict that AvePoint will post 0.25 EPS for the current fiscal year.

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 5,176 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total value of $67,598.56. Following the sale, the insider owned 809,664 shares in the company, valued at $10,574,211.84. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AVPT. Morgan Stanley boosted its position in AvePoint by 372.6% during the fourth quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock worth $109,332,000 after purchasing an additional 6,205,829 shares during the period. Parsifal Capital Management LP raised its position in shares of AvePoint by 61.2% in the third 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 period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of AvePoint by 620.9% in the fourth 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 period. SG Americas Securities LLC raised its position in shares of AvePoint by 335.2% in the first quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company’s stock valued at $22,745,000 after purchasing an additional 1,842,124 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of AvePoint by 106.7% during the 2nd quarter. Wellington Management Group LLP now owns 2,776,579 shares of the company’s stock worth $31,125,000 after buying an additional 1,433,299 shares during 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.