AvePoint’s (AVPT) Outperform Rating Reaffirmed at William Blair

AvePoint (NASDAQ:AVPT)‘s stock had its “outperform” rating reaffirmed by equities research analysts at William Blair in a note issued to investors on Tuesday,RTT News reports.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group raised their price target on AvePoint from $7.50 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Citigroup raised their price target on AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

AvePoint Price Performance

AvePoint stock opened at $15.30 on Tuesday. AvePoint has a one year low of $7.44 and a one year high of $19.90. The business has a fifty day moving average price of $17.64 and a 200-day moving average price of $15.24. The firm has a market capitalization of $2.86 billion, a P/E ratio of -305.94 and a beta of 1.02.

Institutional Investors Weigh In On AvePoint

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. purchased a new stake in shares of AvePoint in the third quarter worth $1,404,000. Quantbot Technologies LP raised its position in shares of AvePoint by 142.8% in the third quarter. Quantbot Technologies LP now owns 153,747 shares of the company’s stock worth $1,810,000 after buying an additional 90,413 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of AvePoint in the third quarter worth $1,424,000. The Manufacturers Life Insurance Company raised its position in shares of AvePoint by 8.3% in the third quarter. The Manufacturers Life Insurance Company now owns 70,013 shares of the company’s stock worth $824,000 after buying an additional 5,352 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in AvePoint during the third quarter valued at about $2,970,000. Hedge funds and other institutional investors own 44.49% of the company’s stock.

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.