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

Key Points

• AvePoint has a “Moderate Buy” consensus rating from 16 analysts, with 10 buy ratings and 6 hold ratings. The average 1-year price target is about $16.69.
• Recent analyst moves were mixed, with several firms trimming targets but generally keeping constructive views; examples include Citigroup lowering its target to $13 and TD Cowen cutting to $16 while maintaining a buy rating.
• The company reported Q1 earnings of $0.07 per share, missing estimates by a penny, while revenue of $117.24 million slightly beat expectations. Institutional ownership remains significant, with hedge funds and other investors holding 44.49% of the stock.

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.6917.

AVPT has been the subject of several recent analyst reports. Weiss Ratings reissued a "hold (c-)" rating on shares of AvePoint in a report on Friday, March 27th. Citigroup cut their price target on shares of AvePoint from $15.00 to $13.00 and set a "neutral" rating for the company in a report on Monday, March 2nd. TD Cowen cut their price target on shares of AvePoint from $17.00 to $16.00 and set a "buy" rating for the company in a report on Friday, February 27th. Scotiabank cut their price target on shares of AvePoint from $13.00 to $12.00 and set a "sector outperform" rating for the company in a report on Friday. Finally, William Blair reissued a "market perform" rating on shares of AvePoint in a report on Monday, March 23rd.

Institutional Investors Weigh In On AvePoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake 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 purchasing an additional 195,404 shares during the last quarter. Parsifal Capital Management LP boosted its stake in AvePoint by 61.2% during the 3rd quarter. Parsifal Capital Management LP now owns 8,522,740 shares of the company's stock worth $127,926,000 after purchasing an additional 3,235,384 shares during the last quarter. Morgan Stanley boosted its stake in 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 purchasing an additional 6,205,829 shares during the last quarter. Jennison Associates LLC boosted its stake in AvePoint by 11.1% during the 4th quarter. Jennison Associates LLC now owns 4,173,280 shares of the company's stock worth $57,967,000 after purchasing an additional 417,625 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in AvePoint by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 3,643,473 shares of the company's stock worth $50,614,000 after purchasing an additional 234,080 shares during the last quarter. Hedge funds and other institutional investors own 44.49% of the company's stock.

AvePoint Stock Performance

Shares of NASDAQ AVPT opened at $11.40 on Monday. The firm has a market cap of $2.46 billion, a PE ratio of 54.29 and a beta of 1.16. The firm has a fifty day moving average of $10.12 and a 200 day moving average of $11.90. AvePoint has a one year low of $8.84 and a one year high of $20.25.

AvePoint (NASDAQ:AVPT - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $117.24 million during the quarter, compared to analysts' expectations of $116.43 million. AvePoint had a return on equity of 10.52% and a net margin of 10.55%. On average, equities analysts predict that AvePoint will post 0.16 EPS for the current fiscal year.

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.

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.