AvePoint, Inc. (NASDAQ:AVPT) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• AvePoint, Inc. has received a consensus rating of "Moderate Buy" from analysts, with two hold recommendations, four buy recommendations, and one strong buy recommendation.
• The average twelve-month price target for AvePoint's stock is $20.80, with some analysts setting targets as high as $25.00.
• Insider transactions reported a sale of 35,000 shares by an insider, indicating a 2.94% decrease in their ownership of the stock, while 44.49% of shares are owned by institutional investors.

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $20.80.

AVPT has been the subject of a number of research reports. Cantor Fitzgerald raised shares of AvePoint to a "strong-buy" rating in a research note on Friday, July 25th. Jefferies Financial Group began coverage on shares of AvePoint in a report on Monday, July 21st. They set a "buy" rating and a $22.00 price objective for the company. B. Riley initiated coverage on AvePoint in a research note on Tuesday, August 26th. They issued a "buy" rating and a $25.00 target price on the stock. The Goldman Sachs Group raised their price target on AvePoint from $15.00 to $17.00 and gave the company a "neutral" rating in a research report on Monday, May 12th. Finally, Scotiabank lifted their price target on AvePoint from $19.00 to $22.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 9th.

AvePoint Trading Down 0.7%

Shares of NASDAQ AVPT opened at $16.24 on Wednesday. The business has a 50-day moving average of $17.43 and a 200-day moving average of $16.91. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -324.74 and a beta of 1.40. AvePoint has a 12 month low of $11.33 and a 12 month high of $20.25.

Insider Transactions at AvePoint

In other AvePoint news, insider Brian Michael Brown sold 35,000 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $15.47, for a total value of $541,450.00. Following the completion of the sale, the insider owned 1,155,443 shares of the company's stock, valued at $17,874,703.21. This represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 105,000 shares of company stock valued at $1,835,400 over the last ninety days. 26.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AvePoint

A number of hedge funds have recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new position in AvePoint in the 4th quarter worth $29,000. Versant Capital Management Inc bought a new position in shares of AvePoint during the first quarter valued at about $31,000. Summit Securities Group LLC grew its stake in shares of AvePoint by 621.7% during the first quarter. Summit Securities Group LLC now owns 2,627 shares of the company's stock valued at $38,000 after buying an additional 2,263 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of AvePoint in the fourth quarter worth about $40,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of AvePoint by 68.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company's stock valued at $44,000 after acquiring an additional 919 shares during the last quarter. 44.49% of the stock is currently owned by institutional investors.

AvePoint Company Profile

AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.

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