AvePoint, Inc. (NASDAQ:AVPT) Given Consensus Recommendation of “Buy” by Analysts

Shares of AvePoint, Inc. (NASDAQ:AVPT) have been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $14.33.

A number of research analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of AvePoint in a report on Friday, July 16th. They issued an “outperform” rating and a $15.00 target price for the company. The Goldman Sachs Group started coverage on shares of AvePoint in a report on Wednesday, July 21st. They issued a “buy” rating and a $17.00 target price for the company. Northland Securities started coverage on shares of AvePoint in a research note on Tuesday, July 27th. They set an “outperform” rating and a $15.00 price objective for the company. Citigroup started coverage on shares of AvePoint in a research note on Monday, July 26th. They set a “neutral” rating and a $13.00 price objective for the company. Finally, Cowen started coverage on shares of AvePoint in a research note on Monday, August 16th. They set an “outperform” rating and a $14.50 price objective for the company.

NASDAQ:AVPT traded up $0.20 during mid-day trading on Friday, reaching $9.99. The stock had a trading volume of 27,290 shares, compared to its average volume of 1,256,078. AvePoint has a twelve month low of $8.36 and a twelve month high of $17.90. The firm’s 50 day moving average price is $10.07.

AvePoint (NASDAQ:AVPT) last issued its earnings results on Monday, August 9th. The company reported ($3.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($3.04). The business had revenue of $45.34 million for the quarter, compared to the consensus estimate of $43.65 million. As a group, analysts predict that AvePoint will post -0.18 earnings per share for the current fiscal year.

In related news, CEO Tianyi Jiang purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, August 17th. The shares were bought at an average price of $9.36 per share, for a total transaction of $936,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Xunkai Gong purchased 25,000 shares of the firm’s stock in a transaction on Wednesday, September 8th. The stock was bought at an average price of $9.52 per share, for a total transaction of $238,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 150,000 shares of company stock valued at $1,415,250 over the last ninety days. 21.11% of the stock is owned by corporate insiders.

AvePoint Company Profile

AvePoint, Inc provides Microsoft 365 data management solutions worldwide. It offers a suite of SaaS solutions to migrate, manage, and protect data. The company provides cloud solutions for Office 365, Salesforce, and Dynamics 365; and hybrid/on-prem products. It also offers advisory and implementation, maintenance and support, Microsoft Teams surge and advisory, migration as a service, and quick start services.

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Analyst Recommendations for AvePoint (NASDAQ:AVPT)

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