AvePoint (NASDAQ:AVPT - Get Free Report) had its price objective raised by investment analysts at Cantor Fitzgerald from $15.00 to $19.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Cantor Fitzgerald's price objective would suggest a potential upside of 15.71% from the stock's previous close.
Several other research firms have also commented on AVPT. Phillip Securities raised AvePoint to a "moderate buy" rating in a report on Monday, October 5th. Zacks Research downgraded AvePoint from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. BMO Capital Markets began coverage on AvePoint in a research report on Tuesday, October 6th. They issued an "outperform" rating and a $17.00 price objective on the stock. Citigroup restated a "neutral" rating on shares of AvePoint in a research report on Wednesday, August 12th. Finally, TD Cowen raised their price objective on shares of AvePoint from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, AvePoint has a consensus rating of "Moderate Buy" and an average price target of $17.18.
Check Out Our Latest Analysis on AvePoint
AvePoint Stock Performance
Shares of AVPT opened at $16.42 on Friday. The business's 50-day moving average is $14.50 and its two-hundred day moving average is $11.98. The company has a market capitalization of $3.47 billion, a P/E ratio of 51.31 and a beta of 1.13. AvePoint has a fifty-two week low of $8.84 and a fifty-two week high of $17.52.
AvePoint (NASDAQ:AVPT - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The company had revenue of $131.10 million for the quarter, compared to analysts' expectations of $129.39 million. AvePoint had a net margin of 15.33% and a return on equity of 15.97%. Analysts forecast that AvePoint will post 0.25 EPS for the current year.
Insider Transactions at AvePoint
In other AvePoint news, insider Brian Brown sold 72,606 shares of the stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $15.26, for a total transaction of $1,107,967.56. Following the transaction, the insider directly owned 259,604 shares of the company's stock, valued at $3,961,557.04. This trade represents a 21.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 230,000 shares of company stock worth $3,430,412 over the last quarter. Company insiders own 22.66% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in shares of AvePoint during the second quarter worth approximately $8,848,000. Quantinno Capital Management LP raised its stake in AvePoint by 307.0% in the 1st quarter. Quantinno Capital Management LP now owns 109,317 shares of the company's stock valued at $1,040,000 after purchasing an additional 82,457 shares during the last quarter. Wellington Management Group LLP raised its stake in AvePoint by 106.7% in the 2nd quarter. Wellington Management Group LLP now owns 2,776,579 shares of the company's stock valued at $31,125,000 after purchasing an additional 1,433,299 shares during the last quarter. Scholtz & Company LLC purchased a new position in AvePoint in the 2nd quarter valued at $1,975,000. Finally, Isthmus Partners LLC purchased a new position in AvePoint in the 3rd quarter valued at $2,518,000. Institutional investors and hedge funds own 44.49% of the company's stock.
AvePoint News Roundup
Here are the key news stories impacting AvePoint this week:
- Positive Sentiment: Zacks reported adjusted third-quarter EPS of $0.12, topping its $0.08 consensus estimate and improving from $0.10 a year earlier. Revenue of $131.1 million also beat the $129.39 million estimate. Zacks earnings report
- Positive Sentiment: Growth indicators were strong: SaaS revenue rose 26% year over year to $105.5 million, total revenue increased 19% to $131.1 million, and ARR grew 27% to $495.1 million. AvePoint third-quarter results
- Positive Sentiment: AvePoint forecast full-year 2026 revenue of $511.3 million to $513.3 million, slightly above the cited FactSet estimate of $511 million. Full-year revenue outlook
- Neutral Sentiment: AvePoint appointed Ali Rohani as Chief Strategy and Customer Officer, adding a senior leader to its executive team; the announcement did not specify a financial impact. Executive appointment
- Negative Sentiment: MarketBeat reported EPS of $0.08, missing its $0.09 consensus estimate. This contrasts with Zacks’ adjusted-EPS figures, so the difference may reflect accounting or consensus measures. MarketBeat earnings report
About AvePoint
(
Get Free Report)
AvePoint, Inc NASDAQ: AVPT is a data management and governance software company that helps organizations protect, manage and modernize information across cloud, hybrid and on-premises environments. Its solutions are designed primarily for collaboration and productivity platforms, including Microsoft 365, SharePoint, Dynamics 365 and Salesforce.
The company's product portfolio includes cloud backup and recovery, data migration, governance, security, compliance and administration tools.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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