AvePoint, Inc. (NASDAQ:AVPT) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• AvePoint has a “Moderate Buy” consensus rating: Ten of 16 analysts rate the stock a buy, while six recommend holding it. The average 12-month price target is $16.44, versus a recent price of $13.32.
• The company beat quarterly earnings and revenue expectations, reporting $0.12 in EPS versus the $0.08 consensus and $124.5 million in revenue versus $121.38 million expected.
• Institutional investors own 44.49% of AvePoint and several major funds increased their positions, while an insider sold 5,176 shares under a pre-arranged trading plan.

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the sixteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.4417.

Several analysts have weighed in on the stock. The Goldman Sachs Group reiterated a "neutral" rating and issued a $14.00 price objective on shares of AvePoint in a research note on Wednesday, May 13th. Evercore restated an "outperform" rating and set a $16.00 target price on shares of AvePoint in a research report on Friday, August 7th. Citigroup reaffirmed a "neutral" rating on shares of AvePoint in a report on Wednesday, August 12th. DA Davidson reiterated a "buy" rating and issued a $18.00 price target on shares of AvePoint in a research report on Monday, July 6th. Finally, Wall Street Zen cut AvePoint from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st.

AvePoint Price Performance

AVPT stock opened at $13.32 on Wednesday. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 41.63 and a beta of 1.16. The business's fifty day moving average price is $12.15 and its two-hundred day moving average price is $10.97. AvePoint has a fifty-two week low of $8.84 and a fifty-two week high of $16.77.

AvePoint (NASDAQ:AVPT - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.04. AvePoint had a return on equity of 15.97% and a net margin of 15.33%.The company had revenue of $124.50 million during the quarter, compared to the consensus estimate of $121.38 million. Research analysts expect that AvePoint will post 0.21 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley boosted its position in shares of AvePoint by 372.6% during the 4th quarter. Morgan Stanley now owns 7,871,282 shares of the company's stock worth $109,332,000 after acquiring an additional 6,205,829 shares in the last quarter. Parsifal Capital Management LP raised its position in AvePoint by 61.2% during 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 in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in AvePoint by 620.9% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,140,572 shares of the company's stock valued at $29,733,000 after purchasing an additional 1,843,641 shares in the last quarter. SG Americas Securities LLC lifted its stake in AvePoint by 335.2% during the first quarter. SG Americas Securities LLC now owns 2,391,696 shares of the company's stock worth $22,745,000 after purchasing an additional 1,842,124 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in AvePoint by 583.4% during the third quarter. Millennium Management LLC now owns 1,394,604 shares of the company's stock worth $20,959,000 after purchasing an additional 1,190,541 shares during the last quarter. Institutional investors and hedge funds 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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