NASDAQ:AVDX AvidXchange (AVDX) Stock Price, News & Analysis → Secret energy grid to power millions of homes (From Porter & Company) (Ad) Free AVDX Stock Alerts $10.69 -0.04 (-0.37%) (As of 06/7/2024 ET) Add Compare Share Share Today's Range$10.59▼$10.8050-Day Range$10.45▼$12.5052-Week Range$6.88▼$13.56Volume876,688 shsAverage Volume1.83 million shsMarket Capitalization$2.21 billionP/E RatioN/ADividend YieldN/APrice Target$13.04 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get AvidXchange alerts: Email Address AvidXchange MarketRank™ Stock AnalysisAnalyst RatingHold2.36 Rating ScoreUpside/Downside22.0% Upside$13.04 Price TargetShort InterestBearish4.62% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.27Based on 6 Articles This WeekInsider TradingSelling Shares$5.95 M Sold Last QuarterProj. Earnings Growth1,500.00%From $0.01 to $0.16 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.41 out of 5 starsComputer And Technology Sector359th out of 576 stocksPrepackaged Software Industry133rd out of 193 stocks 2.2 Analyst's Opinion Consensus RatingAvidXchange has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 5 buy ratings, 5 hold ratings, and 1 sell rating.Amount of Analyst CoverageAvidXchange has only been the subject of 4 research reports in the past 90 days.Read more about AvidXchange's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.62% of the float of AvidXchange has been sold short.Short Interest Ratio / Days to CoverAvidXchange has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in AvidXchange has recently increased by 6.04%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldAvidXchange does not currently pay a dividend.Dividend GrowthAvidXchange does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AVDX. Previous Next 4.0 News and Social Media Coverage News SentimentAvidXchange has a news sentiment score of 1.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.80 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for AvidXchange this week, compared to 3 articles on an average week.Search Interest3 people have searched for AVDX on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows3 people have added AvidXchange to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, AvidXchange insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,947,610.00 in company stock.Percentage Held by Insiders10.30% of the stock of AvidXchange is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions80.58% of the stock of AvidXchange is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about AvidXchange's insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for AvidXchange are expected to grow by 1,500.00% in the coming year, from $0.01 to $0.16 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of AvidXchange is -71.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of AvidXchange is -71.26, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAvidXchange has a P/B Ratio of 3.31. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about AvidXchange's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressTime is Running Out - June 25th Deadline Approaching!Today, I’m making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry.That will slam shut June 25. About AvidXchange Stock (NASDAQ:AVDX)AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and the AvidXchange Supplier Hub, which provides supplier insights to cash flow, tools for in-network invoices and payments, and early payment feature. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company serves real estate, community association management, construction, financial services, healthcare facilities, social services, education, hospitality, and media sectors through direct salesforces; strategic channel partnerships; and software and technology business partners. AvidXchange Holdings, Inc. was incorporated in 2000 and is headquartered in Charlotte, North Carolina.Read More AVDX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AVDX Stock News HeadlinesMay 29, 2024 | insidertrades.comTodd Alan Cunningham Sells 28,424 Shares of AvidXchange Holdings, Inc. (NASDAQ:AVDX) StockMay 24, 2024 | insidertrades.comAvidXchange Holdings, Inc. (NASDAQ:AVDX) CEO Sells $485,929.18 in StockMay 18, 2024 | insidertrades.comAvidXchange Holdings, Inc. (NASDAQ:AVDX) Insider Joel Wilhite Sells 12,363 SharesJune 4, 2024 | americanbankingnews.comAvidXchange Holdings, Inc. (NASDAQ:AVDX) Sees Significant Growth in Short InterestJune 3, 2024 | globenewswire.comAvidXchange to Participate in Upcoming Investor ConferencesMay 31, 2024 | seekingalpha.comAvidXchange Holdings: Positive OutlookMay 23, 2024 | globenewswire.comAvidXchange Announces Strategic Partnership and API Integration with MIP Fund Accounting by Community Brands to Transform Invoice-to-Pay Processes for Social Good EntitiesMay 20, 2024 | finance.yahoo.comAvidXchange and RCI Hospitality have been highlighted as Zacks Bull and Bear of the DayMay 13, 2024 | seekingalpha.comAvidXchange Holdings, Inc. (AVDX) Q1 2024 Earnings Call TranscriptMay 13, 2024 | finance.yahoo.comAvidXchange Holdings, Inc. (NASDAQ:AVDX) Q1 2024 Earnings Call TranscriptMay 11, 2024 | seekingalpha.comAvidXchange Holdings, Inc. 2024 Q1 - Results - Earnings Call PresentationMay 11, 2024 | markets.businessinsider.comBank of America Securities Reaffirms Their Sell Rating on AvidXchange Holdings (AVDX)May 10, 2024 | markets.businessinsider.comAvidXchange: Strong Buy on Robust Financial Performance and Market PositioningMay 9, 2024 | markets.businessinsider.comAvidXchange Holdings: Hold Rating Maintained Amid Growth Sustainability ConcernsMay 9, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: SmartRent (SMRT), AvidXchange Holdings (AVDX) and ARM Holdings PLC ADR (ARM)May 9, 2024 | finance.yahoo.comAvidXchange Holdings Inc (AVDX) Q1 2024 Earnings Call Transcript Highlights: Strong Performance ...May 8, 2024 | msn.comAVDX Stock Earnings: AvidXchange Holdings Beats EPS, Beats Revenue for Q1 2024May 8, 2024 | seekingalpha.comAvidXchange beats top-line and bottom-line estimates; updates FY24 outlookMay 8, 2024 | globenewswire.comAvidXchange Announces First Quarter 2024 Financial ResultsApril 18, 2024 | finance.yahoo.comAvidXchange CEO Shares His Vision for Revolutionizing Software-Enabled Payments on Today's MarketplaceApril 16, 2024 | msn.comGoldman Sachs Downgrades AvidXchange Holdings (AVDX)April 15, 2024 | markets.businessinsider.comWhat's Going On With AvidXchange Stock Monday?April 15, 2024 | msn.comAvidXchange cut to Sell at Goldman on potential revenue weaknessApril 10, 2024 | investorplace.comApril's Bargain Bin Beauties: 3 Cheap Stocks With Massive PotentialApril 9, 2024 | globenewswire.comAvidXchange Announces Timing of Its First Quarter 2024 Financial Results Conference Call and WebcastSee More Headlines Receive AVDX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for AvidXchange and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/08/2024Today6/07/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:AVDX CUSIPN/A CIK1858257 Webwww.avidxchange.com Phone800-560-9305FaxN/AEmployees1,600Year FoundedN/APrice Target and Rating Average Stock Price Target$13.04 High Stock Price Target$16.00 Low Stock Price Target$10.00 Potential Upside/Downside+22.0%Consensus RatingHold Rating Score (0-4)2.36 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.15) Trailing P/E RatioN/A Forward P/E Ratio1,069.00 P/E GrowthN/ANet Income$-47,330,000.00 Net Margins-8.10% Pretax Margin-7.78% Return on Equity-1.75% Return on Assets-0.52% Debt Debt-to-Equity Ratio0.20 Current Ratio1.34 Quick Ratio1.34 Sales & Book Value Annual Sales$380.72 million Price / Sales5.80 Cash Flow$0.01 per share Price / Cash Flow868.19 Book Value$3.23 per share Price / Book3.31Miscellaneous Outstanding Shares206,600,000Free Float185,321,000Market Cap$2.21 billion OptionableOptionable Beta1.00 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Michael Praeger (Age 59)Co-Founder, Chairman & CEO Comp: $1.12MMr. Daniel Drees (Age 55)President Comp: $974.92kMr. Joel Wilhite (Age 53)Senior VP & CFO Comp: $821.11kMs. Angelic Gibson (Age 46)Chief Information Officer & Senior VP Comp: $680.88kMr. Ryan Stahl (Age 48)Senior VP, General Counsel & Secretary Comp: $628.68kMr. Chris TinsleyCo-Founder & Senior Technology AdvisorMr. John FeldmanChief Operating OfficerSubhaash KumarHead of Investor RelationsMr. Al McMillian Jr.Vice President of ComplianceMs. Jess AntleVice President of Brand Marketing & CommunicationsMore ExecutivesKey CompetitorsPaycom SoftwareNYSE:PAYCDuolingoNASDAQ:DUOLAppFolioNASDAQ:APPFInformaticaNYSE:INFAConfluentNASDAQ:CFLTView All CompetitorsInsiders & InstitutionsTodd Alan CunninghamSold 28,424 sharesTotal: $313,232.48 ($11.02/share)Michael PraegerSold 43,738 sharesTotal: $485,929.18 ($11.11/share)Walleye Trading LLCSold 1,100 shares on 5/17/2024Ownership: 0.000%Janus Henderson Group PLCSold 27,840 shares on 5/16/2024Ownership: 1.179%Kodai Capital Management LPBought 1,419,099 shares on 5/16/2024Ownership: 0.766%View All Insider TransactionsView All Institutional Transactions AVDX Stock Analysis - Frequently Asked Questions Should I buy or sell AvidXchange stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AvidXchange in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AVDX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVDX, but not buy additional shares or sell existing shares. View AVDX analyst ratings or view top-rated stocks. What is AvidXchange's stock price target for 2024? 11 brokers have issued 1 year price objectives for AvidXchange's shares. Their AVDX share price targets range from $10.00 to $16.00. On average, they expect the company's share price to reach $13.04 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price. View analysts price targets for AVDX or view top-rated stocks among Wall Street analysts. How have AVDX shares performed in 2024? AvidXchange's stock was trading at $12.39 at the beginning of the year. Since then, AVDX stock has decreased by 13.7% and is now trading at $10.69. View the best growth stocks for 2024 here. Are investors shorting AvidXchange? AvidXchange saw a increase in short interest in May. As of May 15th, there was short interest totaling 7,730,000 shares, an increase of 6.0% from the April 30th total of 7,290,000 shares. Based on an average trading volume of 1,900,000 shares, the days-to-cover ratio is presently 4.1 days. Approximately 4.6% of the company's stock are short sold. View AvidXchange's Short Interest. When is AvidXchange's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our AVDX earnings forecast. How were AvidXchange's earnings last quarter? AvidXchange Holdings, Inc. (NASDAQ:AVDX) announced its quarterly earnings data on Wednesday, May, 8th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $105.60 million for the quarter, compared to analyst estimates of $101.33 million. AvidXchange had a negative net margin of 8.10% and a negative trailing twelve-month return on equity of 1.75%. What ETFs hold AvidXchange's stock? ETFs with the largest weight of AvidXchange (NASDAQ:AVDX) stock in their portfolio include Fidelity Disruptive Finance ETF (FDFF) and WisdomTree Cloud Computing Fund (WCLD).ARK Fintech Innovation ETF (ARKF). What guidance has AvidXchange issued on next quarter's earnings? AvidXchange issued an update on its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $442.0 million-$448.0 million, compared to the consensus revenue estimate of $447.4 million. When did AvidXchange IPO? AvidXchange (AVDX) raised $581 million in an initial public offering (IPO) on Wednesday, October 13th 2021. The company issued 26,400,000 shares at a price of $21.00-$23.00 per share. Who are AvidXchange's major shareholders? AvidXchange's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.37%), Lord Abbett & CO. LLC (2.46%), Biltmore Family Office LLC (1.59%), Janus Henderson Group PLC (1.18%), Tremblant Capital Group (1.05%) and TimesSquare Capital Management LLC (0.95%). Insiders that own company stock include Angelic Gibson, Daniel Drees, James E Hausman, Joel Wilhite, Matthew C Harris, Michael Praeger, Ryan Stahl and Todd Alan Cunningham. View institutional ownership trends. How do I buy shares of AvidXchange? Shares of AVDX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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