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

Shares of AvePoint, Inc. (NASDAQ:AVPT) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $16.4417.

A number of research firms recently commented on AVPT. William Blair reiterated a “market perform” rating on shares of AvePoint in a research note on Monday, March 23rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $14.00 price objective on shares of AvePoint in a research note on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of AvePoint in a research note on Friday, March 27th. B. Riley Financial lowered their price objective on shares of AvePoint from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Finally, Scotiabank lowered their price objective on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 8th.

AvePoint Stock Performance

Shares of NASDAQ:AVPT opened at $9.93 on Monday. AvePoint has a 52 week low of $8.84 and a 52 week high of $19.95. The firm has a market capitalization of $2.11 billion, a P/E ratio of 47.29 and a beta of 1.16. The firm’s 50 day moving average is $10.07 and its two-hundred day moving average is $11.71.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). AvePoint had a net margin of 10.55% and a return on equity of 10.52%. The company had revenue of $117.24 million for the quarter, compared to analyst estimates of $116.43 million. Analysts predict that AvePoint will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC bought a new stake in AvePoint during the third quarter worth approximately $26,000. PNC Financial Services Group Inc. boosted its holdings in AvePoint by 933.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock worth $28,000 after buying an additional 2,689 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in AvePoint during the fourth quarter worth approximately $28,000. Aster Capital Management DIFC Ltd boosted its holdings in AvePoint by 698.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock worth $31,000 after buying an additional 1,810 shares in the last quarter. Finally, Vestcor Inc bought a new stake in AvePoint during the third quarter worth approximately $45,000. Institutional investors and hedge funds own 44.49% of the company’s stock.

About AvePoint

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.