Brokerages Set AvePoint, Inc. (NASDAQ:AVPT) Price Target at $16.44

Shares of AvePoint, Inc. (NASDAQ:AVPTGet Free Report) have been given a consensus rating of “Moderate Buy” by the sixteen ratings firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $16.4417.

A number of analysts recently commented on AVPT shares. Weiss Ratings raised AvePoint from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Citigroup reiterated a “neutral” rating on shares of AvePoint in a report on Wednesday, August 12th. Zacks Research cut AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Wall Street Zen downgraded AvePoint from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Evercore reaffirmed an “outperform” rating and set a $16.00 target price on shares of AvePoint in a research report on Friday, August 7th.

Read Our Latest Stock Analysis on AvePoint

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. US Bancorp DE raised its holdings in shares of AvePoint by 11.2% in the 3rd quarter. US Bancorp DE now owns 7,962 shares of the company’s stock worth $120,000 after acquiring an additional 800 shares during the last quarter. GAMMA Investing LLC boosted its stake in AvePoint by 26.6% during the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after purchasing an additional 802 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AvePoint by 1.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,586 shares of the company’s stock valued at $786,000 after purchasing an additional 1,016 shares during the last quarter. Blair William & Co. IL increased its holdings in AvePoint by 8.3% during the 4th quarter. Blair William & Co. IL now owns 13,700 shares of the company’s stock worth $190,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Xponance LLC increased its holdings in AvePoint by 11.5% during the 4th quarter. Xponance LLC now owns 11,522 shares of the company’s stock worth $160,000 after purchasing an additional 1,188 shares in the last quarter. 44.49% of the stock is currently owned by institutional investors and hedge funds.

AvePoint Trading Up 1.8%

NASDAQ:AVPT opened at $13.37 on Wednesday. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 41.78 and a beta of 1.16. The firm has a fifty day simple moving average of $12.29 and a two-hundred day simple moving average of $11.00. AvePoint has a 12 month low of $8.84 and a 12 month high of $16.77.

AvePoint (NASDAQ:AVPTGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The firm had revenue of $124.50 million for the quarter, compared to analyst estimates of $121.38 million. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. Equities analysts predict that AvePoint will post 0.25 earnings per share for the current fiscal year.

About AvePoint

(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.

Further Reading

Analyst Recommendations for AvePoint (NASDAQ:AVPT)

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