AvidXchange (AVDX) to Release Quarterly Earnings on Wednesday

AvidXchange (NASDAQ:AVDX - Get Free Report) is expected to be announcing its Q2 2025 earnings results before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $110.18 million for the quarter.

AvidXchange Stock Up 0.1%

AVDX stock traded up $0.01 during midday trading on Friday, hitting $9.87. 1,071,908 shares of the company's stock were exchanged, compared to its average volume of 1,554,889. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.10. AvidXchange has a 12-month low of $6.61 and a 12-month high of $12.89. The firm has a 50 day moving average price of $9.80 and a 200-day moving average price of $9.18. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 986.00 and a beta of 1.20.

Wall Street Analysts Forecast Growth

AVDX has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on AvidXchange from $8.00 to $10.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. Susquehanna lowered AvidXchange from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Piper Sandler lifted their price target on AvidXchange from $8.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. UBS Group boosted their target price on AvidXchange from $8.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Keefe, Bruyette & Woods upped their price target on AvidXchange from $8.00 to $9.00 and gave the stock a "market perform" rating in a research note on Monday, March 31st. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.30.

Insiders Place Their Bets

In other AvidXchange news, President Daniel Drees sold 25,972 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $9.74, for a total transaction of $252,967.28. Following the completion of the sale, the president directly owned 1,167,186 shares in the company, valued at $11,368,391.64. This trade represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Praeger sold 40,005 shares of AvidXchange stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $9.74, for a total transaction of $389,648.70. Following the completion of the sale, the chief executive officer owned 11,037,830 shares of the company's stock, valued at approximately $107,508,464.20. The trade was a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 95,890 shares of company stock worth $933,969. Company insiders own 11.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in AvidXchange during the first quarter valued at approximately $172,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of AvidXchange by 0.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 469,037 shares of the company's stock worth $3,977,000 after buying an additional 3,347 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of AvidXchange by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 103,909 shares of the company's stock worth $881,000 after buying an additional 5,046 shares in the last quarter. 80.58% of the stock is currently owned by institutional investors and hedge funds.

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.