AvidXchange (AVDX) to Release Quarterly Earnings on Wednesday

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.

About AvidXchange

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.