AvePoint (NASDAQ:AVPT) Raised to Buy at Wall Street Zen

AvePoint (NASDAQ:AVPT) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

A number of other research analysts have also weighed in on the company. DA Davidson initiated coverage on AvePoint in a report on Monday, September 22nd. They issued a “buy” rating and a $20.00 price objective on the stock. Scotiabank reduced their target price on shares of AvePoint from $22.00 to $17.00 and set a “sector outperform” rating for the company in a research report on Friday. Jefferies Financial Group started coverage on shares of AvePoint in a research report on Monday, July 21st. They set a “buy” rating and a $22.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AvePoint in a research note on Wednesday, October 8th. Finally, Citigroup decreased their target price on shares of AvePoint from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.03.

AvePoint Price Performance

Shares of NASDAQ AVPT opened at $12.67 on Friday. The company’s fifty day moving average price is $14.97 and its 200 day moving average price is $16.85. AvePoint has a 1 year low of $11.49 and a 1 year high of $20.25.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). AvePoint had a net margin of 0.55% and a return on equity of 0.66%. The firm had revenue of $109.73 million during the quarter, compared to analysts’ expectations of $105.72 million. AvePoint has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts anticipate that AvePoint will post -0.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Brian Michael Brown sold 1,848 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $15.03, for a total value of $27,775.44. Following the sale, the insider directly owned 631,893 shares in the company, valued at approximately $9,497,351.79. The trade was a 0.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Chi On Ho sold 650,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $15.21, for a total transaction of $9,886,500.00. Following the completion of the transaction, the director directly owned 3,732,679 shares in the company, valued at $56,774,047.59. The trade was a 14.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 5,755,780 shares of company stock valued at $87,487,316 over the last quarter. 26.19% of the stock is owned by insiders.

Hedge Funds Weigh In On AvePoint

Several large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC acquired a new stake in AvePoint in the 3rd quarter valued at approximately $26,000. Summit Securities Group LLC boosted its position 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 worth $38,000 after buying an additional 2,263 shares during the period. Advisors Asset Management Inc. grew its stake in shares of AvePoint by 68.4% in the second quarter. Advisors Asset Management Inc. now owns 2,263 shares of the company’s stock valued at $44,000 after buying an additional 919 shares in the last quarter. Quarry LP raised its holdings in shares of AvePoint by 2,028.3% in the 1st quarter. Quarry LP now owns 3,831 shares of the company’s stock valued at $55,000 after buying an additional 3,651 shares during the period. Finally, RiverPark Advisors LLC purchased a new stake in shares of AvePoint in the 2nd quarter valued at $103,000. 44.49% of the stock is currently owned by institutional investors and hedge funds.

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.