AvePoint (NASDAQ:AVPT) Stock Price Expected to Rise, Scotiabank Analyst Says

AvePoint (NASDAQ:AVPTGet Free Report) had its price objective raised by Scotiabank from $12.00 to $15.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 17.28% from the stock’s previous close.

A number of other equities analysts have also commented on AVPT. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a research note on Wednesday, June 24th. DA Davidson restated a “buy” rating and issued a $18.00 target price on shares of AvePoint in a research note on Monday, July 6th. Wall Street Zen cut AvePoint from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. TD Cowen upped their price target on shares of AvePoint from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Research raised shares of AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.44.

Get Our Latest Stock Report on AvePoint

AvePoint Stock Performance

NASDAQ AVPT opened at $12.79 on Friday. AvePoint has a 1-year low of $8.84 and a 1-year high of $16.77. The company has a 50 day moving average of $11.81 and a 200-day moving average of $10.93. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 39.97 and a beta of 1.16.

AvePoint (NASDAQ:AVPTGet Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $124.50 million for the quarter, compared to the consensus estimate of $121.38 million. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. On average, analysts forecast that AvePoint will post 0.21 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Brian Michael Brown sold 5,176 shares of AvePoint stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total value of $67,598.56. Following the completion of the sale, the insider directly owned 809,664 shares of the company’s stock, valued at approximately $10,574,211.84. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 22.66% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Several hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in AvePoint by 118.5% during the 1st quarter. AQR Capital Management LLC now owns 323,055 shares of the company’s stock valued at $4,665,000 after purchasing an additional 175,194 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in AvePoint by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 76,639 shares of the company’s stock valued at $1,107,000 after buying an additional 3,340 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in AvePoint in the first quarter valued at approximately $276,000. Goldman Sachs Group Inc. grew its holdings in AvePoint by 11.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 759,647 shares of the company’s stock worth $10,969,000 after acquiring an additional 76,403 shares during the period. Finally, Focus Partners Wealth bought a new stake in shares of AvePoint during the 1st quarter valued at $737,000. Institutional investors own 44.49% of the company’s stock.

AvePoint Company Profile

(Get Free Report)

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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Analyst Recommendations for AvePoint (NASDAQ:AVPT)

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