William Blair restated their outperform rating on shares of AvePoint (NASDAQ:AVPT - Free Report) in a research note issued to investors on Tuesday,RTT News reports.
AVPT has been the subject of several other research reports. The Goldman Sachs Group boosted their target price 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. Citigroup boosted their price objective on shares of AvePoint from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AvePoint has a consensus rating of "Moderate Buy" and an average price target of $16.25.
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AvePoint Stock Performance
Shares of NASDAQ AVPT traded down $0.19 during trading on Tuesday, reaching $14.36. The stock had a trading volume of 1,740,178 shares, compared to its average volume of 1,461,901. The stock has a market cap of $2.68 billion, a PE ratio of -287.14 and a beta of 1.11. AvePoint has a one year low of $7.44 and a one year high of $19.90. The firm's 50 day moving average price is $17.59 and its two-hundred day moving average price is $15.24.
Institutional Investors Weigh In On AvePoint
Several large investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. bought a new position in shares of AvePoint during the third quarter worth about $1,404,000. Quantbot Technologies LP boosted its stake in AvePoint by 142.8% during the 3rd quarter. Quantbot Technologies LP now owns 153,747 shares of the company's stock valued at $1,810,000 after purchasing an additional 90,413 shares during the period. Lisanti Capital Growth LLC bought a new position in AvePoint in the 3rd quarter worth about $1,424,000. The Manufacturers Life Insurance Company increased its stake 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 valued at $824,000 after purchasing an additional 5,352 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of AvePoint in the third quarter valued at approximately $2,970,000. 44.49% of the stock is owned by institutional investors and hedge funds.
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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