William Blair Reiterates Outperform Rating for AvePoint (NASDAQ:AVPT)

William Blair reaffirmed their outperform rating on shares of AvePoint (NASDAQ:AVPT) in a research report released on Tuesday,RTT News reports.

Other research analysts have also recently issued research reports about the stock. Citigroup increased their target price on shares of AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. The Goldman Sachs Group increased their price objective on shares of AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.25.

AvePoint Stock Performance

NASDAQ AVPT opened at $14.55 on Tuesday. AvePoint has a 52 week low of $7.44 and a 52 week high of $19.90. The stock’s 50 day moving average price is $17.59 and its two-hundred day moving average price is $15.24. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -290.94 and a beta of 1.02.

Hedge Funds Weigh In On AvePoint

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning raised its position in AvePoint by 19.1% during the third quarter. Creative Planning now owns 29,345 shares of the company’s stock worth $345,000 after acquiring an additional 4,698 shares in the last quarter. US Bancorp DE increased its stake in shares of AvePoint by 8.0% during the 3rd quarter. US Bancorp DE now owns 18,706 shares of the company’s stock worth $220,000 after purchasing an additional 1,391 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of AvePoint in the 3rd quarter valued at about $1,404,000. Sheets Smith Wealth Management lifted its stake in AvePoint by 64.8% in the 3rd quarter. Sheets Smith Wealth Management now owns 37,152 shares of the company’s stock valued at $437,000 after purchasing an additional 14,614 shares during the last quarter. Finally, Lisanti Capital Growth LLC bought a new position in AvePoint during the third quarter worth about $1,424,000. 44.49% of the stock is owned by institutional investors.

AvePoint Company Profile

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.