Wall Street Zen Downgrades AvePoint (NASDAQ:AVPT) to Hold

AvePoint (NASDAQ:AVPT) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms have also recently weighed in on AVPT. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $14.00 price objective on shares of AvePoint in a research report on Wednesday, May 13th. DA Davidson reissued a “buy” rating and issued a $18.00 target price on shares of AvePoint in a report on Monday, July 6th. Scotiabank decreased their target price on shares of AvePoint from $13.00 to $12.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of AvePoint in a report on Wednesday, June 24th. Finally, Zacks Research upgraded shares of AvePoint from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. One equities 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.44.

AvePoint Stock Performance

Shares of AvePoint stock opened at $13.03 on Friday. The stock has a market cap of $2.76 billion, a P/E ratio of 62.05 and a beta of 1.16. The stock’s fifty day moving average is $11.54 and its 200 day moving average is $10.92. AvePoint has a one year low of $8.84 and a one year high of $19.95.

AvePoint (NASDAQ:AVPT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The company had revenue of $117.24 million for the quarter, compared to the consensus estimate of $116.43 million. AvePoint had a net margin of 10.55% and a return on equity of 10.52%. Analysts predict that AvePoint will post 0.21 EPS for the current year.

Insider Buying and Selling at AvePoint

In related news, insider Brian Michael Brown sold 5,176 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $13.06, for a total transaction of $67,598.56. Following the completion of the sale, the insider owned 809,664 shares in the company, valued at approximately $10,574,211.84. This trade represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On AvePoint

A number of institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC purchased a new position in shares of AvePoint in the fourth quarter worth $28,000. 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 acquiring an additional 2,689 shares during the last quarter. Vestcor Inc purchased a new position in AvePoint during the third quarter valued at $45,000. Kemnay Advisory Services Inc. purchased a new position in AvePoint during the fourth quarter valued at $47,000. Finally, GAMMA Investing LLC increased its holdings in 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 acquiring an additional 802 shares during the last quarter. 44.49% of the stock is owned by hedge funds and other institutional investors.

About AvePoint

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.