AvidXchange (NASDAQ:AVDX - Get Free Report) is projected to post its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $109.73 million for the quarter. AvidXchange has set its FY 2025 guidance at 0.250-0.270 EPS.
AvidXchange (NASDAQ:AVDX - Get Free Report) last released its earnings results on Wednesday, February 26th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). The firm had revenue of $115.44 million during the quarter, compared to the consensus estimate of $114.98 million. AvidXchange had a positive return on equity of 0.74% and a negative net margin of 0.23%. On average, analysts expect AvidXchange to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
AvidXchange Trading Down 0.7 %
AvidXchange stock traded down $0.06 during mid-day trading on Monday, hitting $8.28. The company's stock had a trading volume of 348,760 shares, compared to its average volume of 2,000,003. The business has a 50 day moving average price of $7.85 and a 200-day moving average price of $9.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.32 and a quick ratio of 1.32. AvidXchange has a 12 month low of $6.61 and a 12 month high of $12.93. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 207.13 and a beta of 1.14.
Insider Activity
In related news, CEO Michael Praeger sold 58,881 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $7.59, for a total transaction of $446,906.79. Following the transaction, the chief executive officer now directly owns 11,164,737 shares in the company, valued at $84,740,353.83. The trade was a 0.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joel Wilhite sold 32,203 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $7.59, for a total value of $244,420.77. Following the completion of the sale, the insider now directly owns 843 shares of the company's stock, valued at approximately $6,398.37. This represents a 97.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 125,866 shares of company stock worth $955,323. Company insiders own 10.40% of the company's stock.
Wall Street Analyst Weigh In
AVDX has been the subject of several research reports. The Goldman Sachs Group decreased their target price on AvidXchange from $9.50 to $7.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Piper Sandler reduced their price objective on AvidXchange from $10.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Robert W. Baird lowered their price target on AvidXchange from $14.00 to $12.00 and set an "outperform" rating on the stock in a report on Thursday, February 27th. Barclays downgraded shares of AvidXchange from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $13.00 to $8.00 in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods raised their target price on shares of AvidXchange from $8.00 to $9.00 and gave the stock a "market perform" rating in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $10.07.
Check Out Our Latest Stock Report on AVDX
About AvidXchange
(
Get Free Report)
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.
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