AvePoint (NASDAQ:AVPT) Reaches New 52-Week Low – Here’s What Happened

by · The Markets Daily

Shares of AvePoint, Inc. (NASDAQ:AVPTGet Free Report) reached a new 52-week low on Thursday . The company traded as low as $9.22 and last traded at $9.1950, with a volume of 288020 shares trading hands. The stock had previously closed at $9.80.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AVPT. Citigroup cut their price target on AvePoint from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Zacks Research downgraded AvePoint from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a research note on Friday, March 27th. Stephens began coverage on AvePoint in a research note on Monday, December 29th. They issued an “overweight” rating and a $18.00 price target on the stock. Finally, DA Davidson cut their price target on AvePoint from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, AvePoint has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Read Our Latest Stock Analysis on AvePoint

AvePoint Trading Down 6.6%

The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 57.38 and a beta of 1.20. The company has a 50 day moving average of $10.44 and a 200 day moving average of $12.60.

AvePoint (NASDAQ:AVPTGet Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $114.69 million for the quarter, compared to analyst estimates of $110.94 million. AvePoint had a return on equity of 8.19% and a net margin of 8.34%. Equities analysts forecast that AvePoint, Inc. will post -0.03 EPS for the current fiscal year.

Insider Transactions at AvePoint

In other AvePoint news, Chairman Xunkai Gong sold 32,002 shares of the stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $13.66, for a total transaction of $437,147.32. Following the completion of the transaction, the chairman owned 14,948,666 shares in the company, valued at approximately $204,198,777.56. This represents a 0.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.66% of the company’s stock.

Hedge Funds Weigh In On AvePoint

Large investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in AvePoint during the 3rd quarter worth about $26,000. Kestra Advisory Services LLC bought a new position in AvePoint during the 4th quarter worth about $28,000. Aster Capital Management DIFC Ltd increased its holdings in AvePoint by 698.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,069 shares of the company’s stock worth $31,000 after purchasing an additional 1,810 shares in the last quarter. Vestcor Inc bought a new position in AvePoint during the 3rd quarter worth about $45,000. Finally, Kemnay Advisory Services Inc. bought a new position in AvePoint during the 4th quarter worth about $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.

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