AvePoint (NASDAQ:AVPT) Cut to “Hold” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of AvePoint (NASDAQ:AVPT – Free Report) from a buy rating to a hold rating in a research note released on Saturday.

Several other equities research analysts have also recently commented on the company. DA Davidson reissued a “buy” rating and issued a $18.00 target price on shares of AvePoint in a research note on Monday, July 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $14.00 price target on shares of AvePoint in a report on Wednesday, May 13th. Zacks Research upgraded AvePoint from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Scotiabank dropped their price objective on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a report on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of AvePoint in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.44.

Get Our Latest Research Report on AVPT

AvePoint Stock Up 2.5%

Shares of NASDAQ:AVPT opened at $13.36 on Friday. The firm has a market cap of $2.83 billion, a P/E ratio of 63.62 and a beta of 1.16. AvePoint has a 12 month low of $8.84 and a 12 month high of $18.55. The company’s 50-day moving average price is $11.60 and its two-hundred day moving average price is $10.92.

AvePoint (NASDAQ:AVPT – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). AvePoint had a return on equity of 10.52% and a net margin of 10.55%.The company had revenue of $117.24 million during the quarter, compared to the consensus estimate of $116.43 million. As a group, equities analysts predict that AvePoint will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Brian Michael Brown sold 5,176 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total value of $67,598.56. Following the completion of the sale, the insider directly owned 809,664 shares of the company’s stock, valued at $10,574,211.84. This represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 22.66% of the company’s stock.

Institutional Investors Weigh In On AvePoint

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of AvePoint by 933.7% during the first quarter. PNC Financial Services Group Inc. now owns 2,977 shares of the company’s stock worth $28,000 after purchasing an additional 2,689 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of AvePoint in the 4th quarter valued at $28,000. GAMMA Investing LLC increased its position in shares of AvePoint by 26.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,814 shares of the company’s stock valued at $43,000 after buying an additional 802 shares in the last quarter. Vestcor Inc acquired a new stake in AvePoint during the 3rd quarter worth $45,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in AvePoint during the 4th quarter worth $47,000. Institutional investors own 44.49% of the company’s stock.

About AvePoint

(Get Free Report)

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.

Recommended Stories