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BABA   91.19 (+0.39%)
AMD   95.54 (-4.53%)
MU   59.15 (-3.74%)
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CGC   2.87 (-12.50%)
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NASDAQ:AVDX

AvidXchange - AVDX Stock Forecast, Price & News

8.40
0.00 (0.00%)
(As of 08/9/2022 09:14 PM ET)
Add
Compare
Today's Range
8.16
8.59
50-Day Range
6.14
9.41
52-Week Range
5.86
27.43
Volume
2.65 million shs
Average Volume
1.65 million shs
Market Capitalization
$1.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
14.82

AvidXchange MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
76.4% Upside
14.82 Price Target
Short Interest
Healthy
6.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.55mentions of AvidXchange in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From -0.68 to -0.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Computer And Technology Sector

159th out of 644 stocks

Prepackaged Software Industry

34th out of 224 stocks

AVDX stock logo

About AvidXchange (NASDAQ:AVDX) Stock

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 cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.

AvidXchange Price Performance

Shares of AVDX Stock opened at 8.40 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50 day moving average price of 7.20 and a 200 day moving average price of 8.27. The firm has a market capitalization of $1.66 billion and a P/E ratio of -5.83. AvidXchange has a 52-week low of 5.86 and a 52-week high of 27.43.

AvidXchange (NASDAQ:AVDX - Get Rating) last issued its earnings results on Wednesday, August 3rd. The company reported -0.07 earnings per share for the quarter, beating analysts' consensus estimates of -0.13 by 0.06. AvidXchange had a negative return on equity of 33.45% and a negative net margin of 56.17%. As a group, sell-side analysts predict that AvidXchange will post -0.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AVDX. Piper Sandler boosted their price objective on shares of AvidXchange from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, August 4th. KeyCorp dropped their target price on shares of AvidXchange from $14.00 to $10.00 and set an "overweight" rating for the company in a report on Thursday, July 7th. Credit Suisse Group increased their target price on shares of AvidXchange from $10.50 to $11.00 and gave the company an "outperform" rating in a research report on Thursday, August 4th. Barclays raised their price objective on shares of AvidXchange from $12.00 to $13.00 and gave the stock an "overweight" rating in a research report on Monday. Finally, The Goldman Sachs Group raised their price objective on AvidXchange from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, AvidXchange currently has a consensus rating of "Moderate Buy" and a consensus price target of 14.82.

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AVDX Stock News Headlines

AvidXchange (NASDAQ:AVDX) Sees Unusually-High Trading Volume
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AVDX Company Calendar

Last Earnings
8/03/2022
Today
8/09/2022
Next Earnings (Estimated)
11/15/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:AVDX
Fax
N/A
Employees
1,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
14.82
High Stock Price Forecast
31.00
Low Stock Price Forecast
9.00
Forecasted Upside/Downside
+76.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
11 Analysts

Profitability

Net Income
$-199,650,000.00
Pretax Margin
-77.53%

Debt

Sales & Book Value

Annual Sales
$248.41 million
Book Value
3.69 per share

Miscellaneous

Free Float
177,016,000
Market Cap
$1.66 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Michael Praeger (Age 57)
    Co-Founder, Chairman, Pres & CEO
    Comp: $954.64k
  • Mr. Joel Wilhite (Age 52)
    Sr. VP & CFO
    Comp: $711.54k
  • Mr. Daniel Drees (Age 54)
    Chief Growth Officer & Sr. VP
    Comp: $728.33k
  • Mr. Chris Tinsley
    Co-Founder & CTO
  • Ms. Melissa Spitzer-Johnson
    VP of Operations
  • Ms. Angelic Gibson (Age 45)
    Chief Information Officer & Sr. VP
  • Subhaash Kumar
    Head of Investor Relations
  • Mr. Ryan Stahl (Age 47)
    Sr. VP, Gen. Counsel & Sec.
  • Mr. Al McMillian Jr.
    VP of Compliance
  • Ms. Jess Antle
    VP of Brand Marketing & Communications













AVDX Stock - Frequently Asked Questions

Should I buy or sell AvidXchange stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AvidXchange in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AVDX shares.
View AVDX analyst ratings
or view top-rated stocks.

What is AvidXchange's stock price forecast for 2022?

11 brokerages have issued 1-year target prices for AvidXchange's shares. Their AVDX share price forecasts range from 9.00 to 31.00. On average, they expect the company's share price to reach 14.82 in the next year. This suggests a possible upside of 75.4% from the stock's current price.
View analysts price targets for AVDX
or view top-rated stocks among Wall Street analysts.

How has AvidXchange's stock performed in 2022?

AvidXchange's stock was trading at 15.06 at the start of the year. Since then, AVDX stock has decreased by 43.9% and is now trading at 8.45.
View the best growth stocks for 2022 here
.

When is AvidXchange's next earnings date?

AvidXchange is scheduled to release its next quarterly earnings announcement on Tuesday, November 15th 2022.
View our AVDX earnings forecast
.

How were AvidXchange's earnings last quarter?

AvidXchange Holdings, Inc. (NASDAQ:AVDX) posted its earnings results on Wednesday, August, 3rd. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.06. AvidXchange had a negative trailing twelve-month return on equity of 33.45% and a negative net margin of 56.17%.

What guidance has AvidXchange issued on next quarter's earnings?

AvidXchange updated its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $308.00 million-$310.00 million, compared to the consensus revenue estimate of $305.59 million.

When did AvidXchange IPO?

(AVDX) raised $581 million in an initial public offering (IPO) on Wednesday, October 13th 2021. The company issued 26,400,000 shares at $21.00-$23.00 per share.

What is AvidXchange's stock symbol?

AvidXchange trades on the NASDAQ under the ticker symbol "AVDX."

Who are AvidXchange's major shareholders?

AvidXchange's stock is owned by many different institutional and retail investors. Top institutional shareholders include Biltmore Family Office LLC (1.90%), Brown Advisory Inc. (0.38%), Keybank National Association OH (0.20%), Hapanowicz & Associates Financial Services Inc (0.10%), Swiss National Bank (0.06%) and Los Angeles Capital Management LLC (0.03%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is AvidXchange's stock price today?

One share of AVDX stock can currently be purchased for approximately 8.45.

How much money does AvidXchange make?

AvidXchange (NASDAQ:AVDX) has a market capitalization of $1.67 billion and generates $248.41 million in revenue each year. The company earns $-199,650,000.00 in net income (profit) each year or -1.44 on an earnings per share basis.

How many employees does AvidXchange have?

AvidXchange employs 1,600 workers across the globe.

How can I contact AvidXchange?

AvidXchange's mailing address is 1210 AVIDXCHANGE LANE, CHARLOTTE NC, 28206. The official website for the company is www.avidxchange.com. The company can be reached via phone at 800-560-9305 or via email at skumar1@avidxchange.com.

This page (NASDAQ:AVDX) was last updated on 8/9/2022 by MarketBeat.com Staff

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