AvePoint (NASDAQ:AVPT) Stock Price Down 5.2% – Here’s Why

AvePoint, Inc. (NASDAQ:AVPT) fell 5.2% during trading on Wednesday . The stock traded as low as $12.27 and last traded at $12.3290. Approximately 294,660 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 2,084,790 shares. The stock had previously closed at $13.01.

Wall Street Analyst Weigh In

AVPT has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of AvePoint in a research note on Wednesday, June 24th. Zacks Research upgraded shares of AvePoint from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. 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 restated a “neutral” rating and set a $14.00 target price on shares of AvePoint in a report on Wednesday, May 13th. Finally, Scotiabank dropped their price target on AvePoint from $13.00 to $12.00 and set a “sector outperform” rating for the company in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.44.

AvePoint Stock Down 1.3%

The firm has a market cap of $2.51 billion, a PE ratio of 56.29 and a beta of 1.16. The business has a 50-day moving average price of $11.22 and a two-hundred day moving average price of $10.96.

AvePoint (NASDAQ:AVPT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). AvePoint had a net margin of 10.55% and a return on equity of 10.52%. The company had revenue of $117.24 million during the quarter, compared to analyst estimates of $116.43 million. On average, equities research analysts predict that AvePoint, Inc. will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AvePoint

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased 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 purchased a new stake in shares of AvePoint in the 4th quarter valued at about $28,000. GAMMA Investing LLC boosted 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 purchasing an additional 802 shares during the period. Vestcor Inc acquired a new stake in shares of AvePoint in the 3rd quarter valued at about $45,000. Finally, Kemnay Advisory Services Inc. purchased a new position in AvePoint during the 4th quarter worth approximately $47,000. 44.49% of the stock is owned by hedge funds and other institutional investors.

AvePoint Company Profile

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.