AvePoint, Inc. (AVPT) - What Are Analysts Saying About This Stock?

Key Points

• Analysts are broadly positive on AvePoint: Fifteen firms rate the stock a consensus “Moderate Buy,” with ten buy ratings and five holds. The average 12-month price target is $16.55.
• Recent financial results exceeded expectations: AvePoint reported quarterly earnings of $0.12 per share versus the $0.08 consensus estimate, while revenue of $124.5 million topped forecasts of $121.38 million.
• The stock is trading near its annual high, while insiders have sold shares: AVPT opened at $17.09, compared with a 52-week range of $8.84 to $17.52. An insider sold 72,606 shares under a pre-arranged trading plan, and insiders have sold 230,000 shares over the past 90 days.

AvePoint, Inc. (NASDAQ:AVPT - Get Free Report) has received an average recommendation of "Moderate Buy" from the fifteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.55.

AVPT has been the topic of a number of research reports. Scotiabank upped their price target on AvePoint from $12.00 to $15.00 and gave the stock a "sector outperform" rating in a research note on Friday, August 7th. Cantor Fitzgerald restated an "overweight" rating on shares of AvePoint in a report on Tuesday, September 22nd. Evercore restated an "outperform" rating and set a $16.00 price target on shares of AvePoint in a research note on Friday, August 7th. Weiss Ratings raised shares of AvePoint from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, Phillip Securities raised AvePoint to a "moderate buy" rating in a report on Monday, October 5th.

Insider Activity at AvePoint

In other news, insider Brian Brown sold 72,606 shares of AvePoint stock in a transaction on Tuesday, October 20th. The stock was 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 in the company, valued at approximately $3,961,557.04. This trade represents a 21.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 230,000 shares of company stock valued at $3,430,412. Insiders own 22.66% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vise Technologies Inc. acquired a new position in shares of AvePoint in the 3rd quarter worth approximately $285,000. D.A. Davidson & CO. grew its position in shares of AvePoint by 3.4% in the 3rd quarter. D.A. Davidson & CO. now owns 60,710 shares of the company's stock worth $855,000 after buying an additional 2,015 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its stake in AvePoint by 44,650.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 11,635 shares of the company's stock valued at $164,000 after acquiring an additional 11,609 shares during the period. Smith Group Asset Management LLC increased its position in AvePoint by 1.6% in the third quarter. Smith Group Asset Management LLC now owns 63,622 shares of the company's stock worth $896,000 after buying an additional 984 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in AvePoint by 21.2% in the 3rd quarter. Signaturefd LLC now owns 5,739 shares of the company's stock valued at $81,000 after acquiring an additional 1,005 shares during the last quarter. Institutional investors and hedge funds own 44.49% of the company's stock.

AvePoint Price Performance

NASDAQ AVPT opened at $17.09 on Monday. AvePoint has a 1 year low of $8.84 and a 1 year high of $17.52. The company has a fifty day moving average of $14.22 and a two-hundred day moving average of $11.91. The company has a market capitalization of $3.62 billion, a PE ratio of 53.41 and a beta of 1.13.

AvePoint (NASDAQ:AVPT - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. The firm had revenue of $124.50 million for the quarter, compared to analyst estimates of $121.38 million. AvePoint had a return on equity of 15.97% and a net margin of 15.33%. On average, research analysts expect that AvePoint will post 0.25 earnings per share for the current year.

About AvePoint

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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