NASDAQ:AVDX AvidXchange (AVDX) Stock Price, News & Analysis $12.43 -0.25 (-1.97%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$12.39▼$12.8950-Day Range$10.45▼$12.8652-Week Range$6.88▼$13.56Volume2.77 million shsAverage Volume1.83 million shsMarket Capitalization$2.57 billionP/E RatioN/ADividend YieldN/APrice Target$12.86 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/Downside3.5% Upside$12.86 Price TargetShort InterestHealthy4.97% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.77Based on 6 Articles This WeekInsider TradingSelling Shares$1.70 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.2.28 out of 5 starsComputer And Technology Sector418th out of 612 stocksPrepackaged Software Industry135th out of 202 stocks 1.2 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 1 research reports in the past 90 days.Read more about AvidXchange's stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.97% of the float of AvidXchange has been sold short.Short Interest Ratio / Days to CoverAvidXchange has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in AvidXchange has recently decreased by 9.63%, indicating that investor sentiment is improving 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 3.8 News and Social Media Coverage News SentimentAvidXchange has a news sentiment score of 0.77. 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 0.53 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 Interest1 people have searched for AVDX on MarketBeat in the last 30 days. MarketBeat Follows3 people have added AvidXchange to their MarketBeat watchlist in the last 30 days. This is an increase of 50% 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 $1,695,238.00 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 -82.86, 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 -82.86, 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 3.85. 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 Weiss RatingsNvidia’s Quiet $1 Trillion PivotNvidia recently added $277 billion in market cap … IN ONE DAY.Find out details on these three critical Nvidia partners immediately. 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 HeadlinesJuly 19, 2024 | msn.comAvidXchange Holdings, Inc. (AVDX) Stock Moves -0.24%: What You Should KnowJuly 8, 2024 | globenewswire.comAvidXchange Announces Timing of Its Second Quarter 2024 Financial Results Conference Call and WebcastJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.June 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 TranscriptJuly 26, 2024 | American Hartford Gold Group (Ad)Dave Ramsey Makes Big Mistake Live On AirDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.May 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 outlookSee 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 Earnings5/08/2024Today7/26/2024Next Earnings (Confirmed)7/31/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryComputer Software Current SymbolNASDAQ:AVDX CUSIPN/A CIK1858257 Webwww.avidxchange.com Phone800-560-9305FaxN/AEmployees1,600Year FoundedN/APrice Target and Rating Average Stock Price Target$12.86 High Stock Price Target$16.00 Low Stock Price Target$10.00 Potential Upside/Downside+3.5%Consensus RatingHold Rating Score (0-4)2.36 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.15) Trailing P/E RatioN/A Forward P/E Ratio1,243.00 P/E GrowthN/ANet Income$-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 / Sales6.75 Cash Flow$0.01 per share Price / Cash Flow1,018.18 Book Value$3.23 per share Price / Book3.85Miscellaneous Outstanding Shares206,600,000Free Float185,321,000Market Cap$2.57 billion OptionableOptionable Beta1.04 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.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 CompetitorsProcore TechnologiesNYSE:PCORWix.comNASDAQ:WIXPaycom SoftwareNYSE:PAYCLight & WonderNASDAQ:LNWMatch GroupNASDAQ:MTCHView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 638,363 shares on 7/26/2024Ownership: 1.624%ARK Investment Management LLCSold 180,643 shares on 7/26/2024Ownership: 0.479%Bailard Inc.Sold 4,000 shares on 7/26/2024Ownership: 0.032%Sumitomo Mitsui Trust Holdings Inc.Sold 151,764 shares on 7/19/2024Ownership: 0.826%Coronation Fund Managers Ltd.Sold 34,645 shares on 7/18/2024Ownership: 0.346%View All Insider TransactionsView All Institutional Transactions AVDX Stock Analysis - Frequently Asked Questions How have AVDX shares performed this year? AvidXchange's stock was trading at $12.39 at the beginning of the year. Since then, AVDX shares have increased by 0.3% and is now trading at $12.43. View the best growth stocks for 2024 here. How were AvidXchange's earnings last quarter? AvidXchange Holdings, Inc. (NASDAQ:AVDX) posted its quarterly earnings data on Wednesday, May, 8th. The company reported $0.02 EPS 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 the consensus estimate of $101.33 million. AvidXchange had a negative trailing twelve-month return on equity of 1.75% and a negative net margin of 8.10%. When did AvidXchange IPO? AvidXchange (AVDX) raised $581 million in an 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 top institutional investors include Bank of New York Mellon Corp (1.62%), Sumitomo Mitsui Trust Holdings Inc. (0.83%), ARK Investment Management LLC (0.48%) and Coronation Fund Managers Ltd. (0.35%). Insiders that own company stock include Michael Praeger, James E Hausman, Daniel Drees, Joel Wilhite, Angelic Gibson, 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. This page (NASDAQ:AVDX) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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