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

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.4417.

A number of equities research analysts recently weighed in on AVPT shares. Zacks Research upgraded shares of AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. DA Davidson reiterated a “buy” rating and set a $18.00 price target on shares of AvePoint in a research note on Monday, July 6th. Scotiabank cut their price target on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $14.00 price objective on shares of AvePoint in a research note on Wednesday, May 13th.

Institutional Investors Weigh In On AvePoint

A number of institutional investors and hedge funds have recently bought and sold shares of AVPT. Vanguard Group Inc. boosted its holdings in AvePoint by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 17,404,543 shares of the company’s stock worth $241,749,000 after acquiring an additional 195,404 shares during the last quarter. Parsifal Capital Management LP raised its holdings in shares of AvePoint by 61.2% in the third quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company’s stock valued at $127,926,000 after purchasing an additional 3,235,384 shares during the last quarter. Morgan Stanley raised its holdings in shares of AvePoint by 372.6% in the fourth quarter. Morgan Stanley now owns 7,871,282 shares of the company’s stock valued at $109,332,000 after purchasing an additional 6,205,829 shares during the last quarter. Jennison Associates LLC lifted its position in shares of AvePoint by 11.1% during the fourth quarter. Jennison Associates LLC now owns 4,173,280 shares of the company’s stock valued at $57,967,000 after purchasing an additional 417,625 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of AvePoint by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 3,643,473 shares of the company’s stock valued at $50,614,000 after purchasing an additional 234,080 shares in the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Price Performance

NASDAQ AVPT opened at $13.02 on Friday. The business has a 50 day simple moving average of $11.43 and a 200 day simple moving average of $10.93. The stock has a market capitalization of $2.76 billion, a P/E ratio of 62.00 and a beta of 1.16. AvePoint has a one year low of $8.84 and a one year high of $19.95.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). AvePoint had a return on equity of 10.52% and a net margin of 10.55%.The company had revenue of $117.24 million for the quarter, compared to the consensus estimate of $116.43 million. Equities analysts expect that AvePoint will post 0.21 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.