Evercore ISI Issues Pessimistic Forecast for AvePoint (NASDAQ:AVPT) Stock Price

AvePoint (NASDAQ:AVPT) had its price objective cut by equities researchers at Evercore ISI from $22.00 to $18.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Evercore ISI’s target price would indicate a potential upside of 50.69% from the company’s current price.

AVPT has been the subject of several other research reports. Robert W. Baird initiated coverage on shares of AvePoint in a research report on Monday, October 27th. They set a “neutral” rating and a $17.00 price target for the company. DA Davidson started coverage on shares of AvePoint in a research report on Monday, September 22nd. They issued a “buy” rating and a $20.00 target price for the company. Morgan Stanley set a $18.30 price target on AvePoint in a report on Monday, October 20th. Wall Street Zen lowered AvePoint from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Citigroup cut their target price on AvePoint from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.53.

AvePoint Price Performance

NASDAQ:AVPT traded down $1.90 during mid-day trading on Friday, reaching $11.95. The stock had a trading volume of 1,355,202 shares, compared to its average volume of 1,321,434. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of -238.37 and a beta of 1.40. AvePoint has a 1-year low of $11.49 and a 1-year high of $20.25. The stock’s 50 day simple moving average is $15.13 and its two-hundred day simple moving average is $16.86.

AvePoint (NASDAQ:AVPT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $109.73 million during the quarter, compared to the consensus estimate of $105.72 million. AvePoint had a negative net margin of 2.21% and a negative return on equity of 2.44%. AvePoint has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts anticipate that AvePoint will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling at AvePoint

In other AvePoint news, CEO Tianyi Jiang sold 2,068,966 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $15.21, for a total transaction of $31,468,972.86. Following the completion of the sale, the chief executive officer directly owned 13,841,853 shares in the company, valued at approximately $210,534,584.13. This trade represents a 13.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Xunkai Gong sold 2,068,966 shares of AvePoint stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $15.21, for a total transaction of $31,468,972.86. Following the sale, the chairman directly owned 15,220,668 shares of the company’s stock, valued at $231,506,360.28. This trade represents a 11.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,755,780 shares of company stock valued at $87,487,316 in the last ninety days. Company insiders own 26.19% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of AvePoint by 5.9% in the first quarter. Principal Financial Group Inc. now owns 78,396 shares of the company’s stock worth $1,132,000 after purchasing an additional 4,348 shares during the period. M&T Bank Corp increased its stake in AvePoint by 3.0% during the first quarter. M&T Bank Corp now owns 22,058 shares of the company’s stock valued at $319,000 after acquiring an additional 634 shares during the period. Cerity Partners LLC raised its stake in shares of AvePoint by 70.1% in the first quarter. Cerity Partners LLC now owns 70,454 shares of the company’s stock valued at $1,017,000 after purchasing an additional 29,034 shares in the last quarter. CWM LLC increased its stake in AvePoint by 109.4% in the first quarter. CWM LLC now owns 7,328 shares of the company’s stock valued at $106,000 after acquiring an additional 3,829 shares during the period. Finally, Victory Capital Management Inc. raised its stake in AvePoint by 1,421.4% during the first quarter. Victory Capital Management Inc. now owns 189,770 shares of the company’s stock worth $2,740,000 after acquiring an additional 177,297 shares in the last quarter. Institutional investors own 44.49% of the company’s stock.

About AvePoint

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.