AvePoint (NASDAQ:AVPT - Get Free Report) posted its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.14), Zacks reports. AvePoint had a negative net margin of 2.36% and a negative return on equity of 3.16%. The business had revenue of $89.18 million for the quarter, compared to analyst estimates of $88.06 million. AvePoint updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.
AvePoint Stock Up 0.6 %
Shares of AVPT traded up $0.09 during midday trading on Monday, reaching $15.03. 2,880,374 shares of the stock were exchanged, compared to its average volume of 1,406,191. The company has a market cap of $2.81 billion, a price-to-earnings ratio of -300.54 and a beta of 1.02. AvePoint has a 12-month low of $7.08 and a 12-month high of $19.90. The firm has a 50 day simple moving average of $17.80 and a 200-day simple moving average of $15.18.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on AvePoint from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Friday, January 17th. The Goldman Sachs Group upped their price objective on shares of AvePoint from $7.50 to $15.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th.
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About AvePoint
(
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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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