Fintel reports that on September 18, 2023, Cantor Fitzgerald reiterated coverage of AvePoint Inc - (NASDAQ:AVPT) with a Overweight recommendation.
Analyst Price Forecast Suggests 18.72% Upside
As of August 31, 2023, the average one-year price target for AvePoint Inc - is 7.99. The forecasts range from a low of 5.56 to a high of $10.50. The average price target represents an increase of 18.72% from its latest reported closing price of 6.73.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AvePoint Inc - is 282MM, an increase of 12.35%. The projected annual non-GAAP EPS is 0.05.
What is the Fund Sentiment?
There are 217 funds or institutions reporting positions in AvePoint Inc -. This is an increase of 13 owner(s) or 6.37% in the last quarter. Average portfolio weight of all funds dedicated to AVPT is 0.14%, a decrease of 21.44%. Total shares owned by institutions increased in the last three months by 5.53% to 83,779K shares. 
The put/call ratio of AVPT is 0.40, indicating a bullish outlook.
What are Other Shareholders Doing?
Sixth Street Partners Management Company holds 24,001K shares representing 12.95% ownership of the company. In it's prior filing, the firm reported owning 28,501K shares, representing a decrease of 18.75%. The firm decreased its portfolio allocation in AVPT by 0.35% over the last quarter.
Monarch Alternative Capital holds 4,745K shares representing 2.56% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,422K shares representing 2.39% ownership of the company. No change in the last quarter.
EVR Research holds 4,200K shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 5,410K shares, representing a decrease of 28.81%. The firm increased its portfolio allocation in AVPT by 16.44% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 3,463K shares representing 1.87% ownership of the company. In it's prior filing, the firm reported owning 3,653K shares, representing a decrease of 5.49%. The firm increased its portfolio allocation in AVPT by 26.09% over the last quarter.
AvePoint Background Information
(This description is provided by the company.)
Apex is a special purpose acquisition corporation led by co-CEOs Jeff Epstein, the former CFO of Oracle, and Brad Koenig, the former head of Goldman Sachs’ global technology investment banking team.
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