AvePoint (AVPT) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AvePoint in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AVPT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVPT, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued 1 year price objectives for AvePoint's stock. Their AVPT share price forecasts range from $5.00 to $8.00. On average, they expect the company's stock price to reach $5.88 in the next twelve months. This suggests that the stock has a possible downside of 10.4%.
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AvePoint's stock was trading at $4.11 at the beginning of 2023. Since then, AVPT shares have increased by 59.6% and is now trading at $6.56.
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AvePoint saw a increase in short interest in May. As of May 15th, there was short interest totaling 4,660,000 shares, an increase of 10.4% from the April 30th total of 4,220,000 shares. Based on an average trading volume of 479,000 shares, the days-to-cover ratio is currently 9.7 days. Approximately 4.1% of the company's stock are short sold.
View AvePoint's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our AVPT earnings forecast.

AvePoint, Inc. (NASDAQ:AVPT) announced its earnings results on Thursday, March, 9th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by $0.03. The firm had revenue of $63.61 million for the quarter, compared to the consensus estimate of $63.99 million. AvePoint had a negative net margin of 16.21% and a negative trailing twelve-month return on equity of 16.91%.

ETFs with the largest weight of AvePoint (NASDAQ:AVPT) stock in their portfolio include ProShares Big Data Refiners ETF (DAT) and SPDR S&P Software & Services ETF (XSW).iShares U.S. Tech Breakthrough Multisector ETF (TECB).

AvePoint updated its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $60.50 million-$62.50 million, compared to the consensus revenue estimate of $61.87 million.

AvePoint trades on the NASDAQ under the ticker symbol "AVPT."

AvePoint's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.09%), State Street Corp (1.23%), Geode Capital Management LLC (1.17%), Franklin Resources Inc. (1.05%), B. Riley Asset Management LLC (0.60%) and Charles Schwab Investment Management Inc. (0.39%). Insiders that own company stock include Sophia Wu, Tianyi Jiang and Xunkai Gong.
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Shares of AVPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AVPT stock can currently be purchased for approximately $6.56.

AvePoint (NASDAQ:AVPT) has a market capitalization of $1.26 billion and generates $232.34 million in revenue each year. The company earns $-38,690,000.00 in net income (profit) each year or ($0.21) on an earnings per share basis.

The company employs 2,187 workers across the globe.

AvePoint's mailing address is 533 AIRPORT BLVD SUITE 400, BURLINGAME CA, 94010. The official website for the company is www.avepoint.com. The company can be reached via phone at 201-793-1111 or via email at ir@avepoint.com.