AvePoint (AVPT) Projected to Post Quarterly Earnings on Thursday

AvePoint (NASDAQ:AVPT) is projected to release its earnings data after the market closes on Thursday, February 27th. Analysts expect AvePoint to post earnings of $0.05 per share and revenue of $88.06 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

AvePoint Price Performance

AVPT opened at $19.29 on Thursday. AvePoint has a one year low of $7.08 and a one year high of $19.90. The company’s 50 day simple moving average is $17.97 and its 200-day simple moving average is $14.82. The stock has a market capitalization of $3.60 billion, a P/E ratio of -385.72 and a beta of 1.02.

Analysts Set New Price Targets

Several research firms have recently commented on AVPT. Citigroup increased their price target on shares of AvePoint from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. The Goldman Sachs Group increased their price target 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.00.

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.