AvePoint (NASDAQ:AVPT – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 9th. AvePoint has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
AvePoint (NASDAQ:AVPT – Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). AvePoint had a negative return on equity of 9.94% and a negative net margin of 7.94%. The firm had revenue of $74.60 million during the quarter, compared to the consensus estimate of $71.57 million. During the same quarter in the prior year, the company posted ($0.07) EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. On average, analysts expect AvePoint to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
AvePoint Stock Down 0.2 %
NASDAQ:AVPT opened at $8.16 on Wednesday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -67.91 and a beta of 0.84. The company’s 50 day moving average price is $7.86 and its 200-day moving average price is $7.94. AvePoint has a 52 week low of $4.38 and a 52 week high of $8.61.
Insider Activity
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on AVPT shares. Cantor Fitzgerald boosted their price target on AvePoint from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Citigroup boosted their target price on AvePoint from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Finally, Evercore ISI raised their price target on shares of AvePoint from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, March 1st.
Check Out Our Latest Research Report on AVPT
AvePoint Company Profile
AvePoint, Inc provides cloud-native data management software platform in North America, Europe, Middle East, Africa, and Asia Pacific. It also offers software-as-a-service solutions and productivity applications. The company offers modularity and cloud services architecture to address critical challenges and the management of data to organizations that leverage third-party cloud vendors, including Microsoft, Salesforce, Google, AWS, Box, DropBox, and others; license and support; and maintenance services.
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