AvePoint (NASDAQ:AVPT) Quarterly Earnings Report Misses Expectations

AvePoint (NASDAQ:AVPT) announced its quarterly earnings on Thursday, revealing an earnings per share (EPS) of ($0.09). This result fell short of analyst expectations, which anticipated an EPS of $0.05, leading to a difference of ($0.14). The company also reported a negative net margin of 2.36% and a negative return on equity of 3.16%. In addition, AvePoint updated its fiscal year 2025 guidance and provided new figures for the first quarter of 2025.

AvePoint Stock Performance

Following the earnings report, AvePoint's stock saw a decline of 2.1%, dropping $0.36 during midday trading to reach a price of $17.08. The trading volume for the stock was 1,832,943 shares, surpassing its average volume of 1,286,621 shares. AvePoint's 50-day moving average stands at $17.86, while its 200-day moving average is $15.09. Over the past year, the stock has fluctuated, hitting a low of $7.08 and a high of $19.90. The company currently holds a market capitalization of $3.19 billion, with a price-to-earnings ratio of -341.53 and a beta of 1.02.

Analyst Ratings

Recent reports from various equity research analysts highlight mixed sentiments regarding AvePoint's stock. The Goldman Sachs Group raised its price target for AvePoint from $7.50 to $15.00, maintaining a "neutral" rating in a report issued on November 12. Meanwhile, Citigroup also increased its price target from $17.00 to $18.00, citing a "neutral" rating in a report on January 17. Currently, two investment analysts have assigned a hold rating to the stock, while three analysts have recommended a buy. According to data from MarketBeat, AvePoint holds a consensus rating of "Moderate Buy" with a price target of $15.00.

AvePoint Company Overview

AvePoint, Inc provides a cloud-native data management software platform, serving clients across North America, Europe, the Middle East, Africa, and the Asia Pacific region. The company specializes in Software-as-a-Service (SaaS) solutions and productivity applications, offering modularity and cloud services architecture to help organizations manage data challenges with third-party cloud vendors. These vendors include companies like Microsoft, Salesforce, Google, AWS, Box, and Dropbox.

AvePoint, Earnings, Stocks