AvePoint, Inc. (NASDAQ:AVPT) Receives $16.44 Consensus Price Target from Brokerages

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been assigned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.4417.

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

Institutional Investors Weigh In On AvePoint

Several hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of AvePoint by 933.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after buying an additional 2,689 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of AvePoint in the 4th quarter worth about $28,000. Aster Capital Management DIFC Ltd increased its stake in shares of AvePoint by 698.8% in the 3rd 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 bought a new position in shares of AvePoint in the 3rd quarter worth about $45,000. Finally, Kemnay Advisory Services Inc. purchased a new position in AvePoint during the 4th quarter valued at about $47,000. 44.49% of the stock is currently owned by institutional investors.

AvePoint Stock Performance

Shares of AVPT stock opened at $11.46 on Tuesday. AvePoint has a fifty-two week low of $8.84 and a fifty-two week high of $19.95. The stock has a 50 day moving average price of $10.51 and a two-hundred day moving average price of $11.08. The company has a market capitalization of $2.43 billion, a P/E ratio of 54.57 and a beta of 1.16.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $117.24 million during the quarter, compared to the consensus estimate of $116.43 million. AvePoint had a return on equity of 10.52% and a net margin of 10.55%. As a group, equities analysts predict that AvePoint will post 0.21 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.