Analysts Set AvePoint, Inc. (NASDAQ:AVPT) Target Price at $17.66

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $17.1083.

A number of research firms have recently weighed in on AVPT. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. B. Riley Financial dropped their price objective on shares of AvePoint from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, February 2nd. Scotiabank cut their price objective on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating for the company in a report on Friday, November 7th. Cantor Fitzgerald decreased their target price on shares of AvePoint from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Finally, Citigroup lowered their target price on shares of AvePoint from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Monday.

Insider Buying and Selling

In other AvePoint news, Chairman Xunkai Gong sold 32,002 shares of AvePoint stock in a transaction on Monday, January 12th. The stock was sold at an average price of $13.66, for a total value of $437,147.32. Following the completion of the transaction, the chairman directly owned 14,948,666 shares of the company’s stock, valued at $204,198,777.56. The trade was a 0.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in AvePoint during the third quarter worth about $26,000. Kestra Advisory Services LLC acquired a new position in shares of AvePoint in the 4th quarter valued at approximately $28,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of AvePoint by 698.8% during 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 during the period. Advisors Asset Management Inc. lifted its holdings in shares of AvePoint by 68.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock worth $44,000 after acquiring an additional 919 shares during the period. Finally, Vestcor Inc acquired a new stake in shares of AvePoint during the 3rd quarter worth approximately $45,000. Institutional investors own 44.49% of the company’s stock.

AvePoint Stock Up 2.8%

Shares of NASDAQ:AVPT opened at $10.80 on Wednesday. AvePoint has a 12-month low of $9.85 and a 12-month high of $20.25. The business has a 50 day moving average of $12.01 and a 200-day moving average of $13.59. The stock has a market cap of $2.33 billion, a PE ratio of 67.50 and a beta of 1.12.

AvePoint (NASDAQ:AVPT) last announced its earnings results on Thursday, February 26th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The firm had revenue of $114.69 million for the quarter, compared to the consensus estimate of $110.94 million. AvePoint had a return on equity of 8.19% and a net margin of 8.34%. Equities research analysts expect that AvePoint will post -0.03 earnings per share for the current year.

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.