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

William Blair reiterated their outperform rating on shares of AvePoint (NASDAQ:AVPT) in a report released on Tuesday morning,RTT News reports.

AVPT has been the subject of a number of other reports. Citigroup upped their price objective on shares of AvePoint from $17.00 to $18.00 and gave the stock a “neutral” rating in a research 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, AvePoint has an average rating of “Moderate Buy” and a consensus target price of $16.25.

AvePoint Stock Performance

Shares of AVPT stock opened at $14.84 on Tuesday. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of -296.74 and a beta of 1.02. The company has a 50-day simple moving average of $17.69 and a 200 day simple moving average of $15.24. AvePoint has a 52 week low of $7.08 and a 52 week high of $19.90.

Hedge Funds Weigh In On AvePoint

Several institutional investors have recently added to or reduced their stakes in AVPT. Creative Planning boosted its position in shares of AvePoint by 19.1% in the third quarter. Creative Planning now owns 29,345 shares of the company’s stock valued at $345,000 after acquiring an additional 4,698 shares during the period. US Bancorp DE raised its stake in shares of AvePoint by 8.0% during the third quarter. US Bancorp DE now owns 18,706 shares of the company’s stock worth $220,000 after acquiring an additional 1,391 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of AvePoint during the third quarter worth approximately $1,404,000. Sheets Smith Wealth Management increased its stake in shares of AvePoint by 64.8% in the third quarter. Sheets Smith Wealth Management now owns 37,152 shares of the company’s stock worth $437,000 after buying an additional 14,614 shares during the period. Finally, Lisanti Capital Growth LLC purchased a new position in shares of AvePoint in the third quarter worth $1,424,000. 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.