AvePoint, Inc. (NASDAQ:AVPT – Get Free Report) shares traded down 7.7% on Monday . The stock traded as low as $10.67 and last traded at $10.5250. 604,022 shares traded hands during trading, a decline of 69% from the average session volume of 1,918,959 shares. The stock had previously closed at $11.40.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $14.00 price objective on shares of AvePoint in a research report on Wednesday. B. Riley Financial cut their price objective on shares of AvePoint from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. DA Davidson cut their price objective on shares of AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Citigroup cut their price objective on shares of AvePoint from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Finally, Scotiabank cut 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 report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.44.
Check Out Our Latest Stock Report on AVPT
AvePoint Stock Down 4.7%
AvePoint (NASDAQ:AVPT – Get Free Report) last released its quarterly earnings results 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 firm had revenue of $117.24 million during the quarter, compared to the consensus estimate of $116.43 million. Analysts expect that AvePoint, Inc. will post 0.16 earnings per share for the current fiscal year.
Hedge Funds Weigh In On AvePoint
A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of AvePoint by 933.7% in the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock valued at $28,000 after purchasing an additional 2,689 shares during the period. Dimensional Fund Advisors LP raised its position in shares of AvePoint by 25.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,264,082 shares of the company’s stock valued at $31,040,000 after purchasing an additional 666,422 shares during the period. Swiss National Bank raised its position in shares of AvePoint by 2.2% in the first quarter. Swiss National Bank now owns 277,500 shares of the company’s stock valued at $2,639,000 after purchasing an additional 6,000 shares during the period. Angeles Wealth Management LLC bought a new position in shares of AvePoint in the first quarter valued at approximately $1,783,000. Finally, Bank of New York Mellon Corp raised its position in shares of AvePoint by 9.4% in the first quarter. Bank of New York Mellon Corp now owns 789,069 shares of the company’s stock valued at $7,504,000 after purchasing an additional 67,514 shares during the period. Institutional investors own 44.49% of the company’s stock.
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.
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