AvidXchange (AVDX) Projected to Post Quarterly Earnings on Wednesday

AvidXchange (NASDAQ:AVDX - Get Free Report) will likely be announcing its Q1 2025 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 posted its earnings results on Wednesday, February 26th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The business had revenue of $115.44 million for the quarter, compared to analysts' expectations 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 Stock Up 3.7 %

AVDX stock opened at $8.19 on Wednesday. The company's 50 day moving average is $7.90 and its 200 day moving average is $9.38. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of 204.75 and a beta of 1.14. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. AvidXchange has a 1-year low of $6.61 and a 1-year high of $12.93.

Insiders Place Their Bets

In other AvidXchange news, CEO Michael Praeger sold 58,881 shares of the company's stock in a transaction that occurred 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 owns 11,164,737 shares in the company, valued at approximately $84,740,353.83. This represents a 0.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joel Wilhite sold 32,203 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 843 shares of the company's stock, valued at $6,398.37. This represents a 97.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,866 shares of company stock worth $955,323. 10.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AVDX shares. Keefe, Bruyette & Woods raised their price target on AvidXchange from $8.00 to $9.00 and gave the company a "market perform" rating in a research report on Monday, March 31st. Wolfe Research downgraded AvidXchange from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 27th. KeyCorp cut shares of AvidXchange from an "overweight" rating to a "sector weight" rating in a research report on Thursday, February 27th. The Goldman Sachs Group lowered their price objective on shares of AvidXchange from $9.50 to $7.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Finally, Morgan Stanley reduced their target price on shares of AvidXchange from $11.00 to $8.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. Two 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.

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