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

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.1083.

A number of brokerages have commented on AVPT. DA Davidson reduced their price objective on AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a research note on Friday, March 27th. TD Cowen reduced their price objective on AvePoint from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Zacks Research cut AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Finally, William Blair restated a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new position in shares of AvePoint in the third quarter worth about $26,000. Kestra Advisory Services LLC acquired a new position in shares of AvePoint in the fourth quarter worth about $28,000. Aster Capital Management DIFC Ltd lifted its stake in shares of AvePoint by 698.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock worth $31,000 after acquiring an additional 1,810 shares in the last quarter. Vestcor Inc acquired a new position in shares of AvePoint in the third quarter worth about $45,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of AvePoint in the fourth quarter worth about $47,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

AvePoint Price Performance

Shares of AVPT opened at $10.24 on Thursday. The stock’s 50-day moving average is $10.19 and its two-hundred day moving average is $12.21. The stock has a market cap of $2.21 billion, a PE ratio of 64.00 and a beta of 1.20. AvePoint has a 12 month low of $8.84 and a 12 month high of $20.25.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. AvePoint had a return on equity of 8.19% and a net margin of 8.34%. On average, research analysts anticipate that AvePoint will post 0.16 earnings per share for the current 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.