S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Federal student loan payments are starting again. Here's what you need to know
Bank of Japan survey shows manufacturers optimistic about economy
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Grant program for Black women entrepreneurs blocked by federal appeals court
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
UK Treasury chief says he'll hike the minimum wage but rules out tax cuts while inflation stays high
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Federal student loan payments are starting again. Here's what you need to know
Bank of Japan survey shows manufacturers optimistic about economy
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Grant program for Black women entrepreneurs blocked by federal appeals court
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
UK Treasury chief says he'll hike the minimum wage but rules out tax cuts while inflation stays high
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Federal student loan payments are starting again. Here's what you need to know
Bank of Japan survey shows manufacturers optimistic about economy
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Grant program for Black women entrepreneurs blocked by federal appeals court
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
UK Treasury chief says he'll hike the minimum wage but rules out tax cuts while inflation stays high
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Stock market today: Asian shares mixed as Japan business confidence rises and US shutdown is averted
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Federal student loan payments are starting again. Here's what you need to know
Bank of Japan survey shows manufacturers optimistic about economy
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
Facing increasing pressure from customers, some miners are switching to renewable energy
Grant program for Black women entrepreneurs blocked by federal appeals court
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video) (Ad)
The death toll in a collapsed gold mine in Zimbabwe expected to rise to 13, vice president says
UK Treasury chief says he'll hike the minimum wage but rules out tax cuts while inflation stays high
NASDAQ:AVDX

AvidXchange (AVDX) Stock Forecast, Price & News

$9.48
+0.05 (+0.53%)
(As of 09/29/2023 08:52 PM ET)
Compare
Today's Range
$9.43
▼
$9.75
50-Day Range
$8.96
▼
$12.45
52-Week Range
$7.02
▼
$12.75
Volume
2.21 million shs
Average Volume
1.96 million shs
Market Capitalization
$1.92 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.91
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media

AvidXchange MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
36.2% Upside
$12.91 Price Target
Short Interest
Healthy
4.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$1.33 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.34) to ($0.23) Per Share

Overall MarketRank™

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

2.26 out of 5 stars

Computer And Technology Sector

302nd out of 605 stocks

Software—Infrastructure Industry

3rd out of 4 stocks

See Top Rated MarketRank™ Stocks Here

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 Cashflow 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.

AVDX Price History

AVDX Stock News Headlines

September 21, 2023 | finance.yahoo.com
AvidXchange Holdings, Inc. (AVDX) Stock Moves -1.29%: What You Should Know
September 14, 2023 | finance.yahoo.com
AvidXchange Holdings, Inc. (AVDX) Stock Sinks As Market Gains: What You Should Know
October 2, 2023 | Chaikin Analytics (Ad)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
September 13, 2023 | bizjournals.com
Organizers hope revamped festival propels Charlotte's music scene to national stage
September 7, 2023 | finance.yahoo.com
AvidXchange Holdings, Inc. (AVDX) Dips More Than Broader Markets: What You Should Know
August 15, 2023 | seekingalpha.com
AvidXchange: Rating Upgrade As Management Outlook Is Very Positive
August 4, 2023 | markets.businessinsider.com
Robert W. Baird Remains a Buy on AvidXchange Holdings (AVDX)
August 3, 2023 | bizjournals.com
AvidXchange stock falls despite Q2 results beating analysts' expectations
October 2, 2023 | Porter and Company (Ad)
Elon Bets Big On Controversial Energy Tech: "This Is Bigger Than AI"
If this tech goes mainstream, it could destroy the oil and gas industry, the clean energy sector, and the billionaires who profit from it…
August 3, 2023 | markets.businessinsider.com
Goldman Sachs Keeps Their Hold Rating on AvidXchange Holdings (AVDX)
August 3, 2023 | markets.businessinsider.com
Analysts Offer Insights on Financial Companies: AvidXchange Holdings (AVDX), Radian Group (RDN) and Verisk Analytics (VRSK)
August 2, 2023 | msn.com
Cathie Wood Buys $3.4M Worth Of Shares In This Payments Software Firm — Also Increases Exposure To Iridium Stock
July 26, 2023 | finance.yahoo.com
AvidXchange Holdings, Inc. (AVDX) Upgraded to Strong Buy: What Does It Mean for the Stock?
July 17, 2023 | finance.yahoo.com
AvidXchange Announces Timing of Its Second Quarter 2023 Financial Results Conference Call and Webcast
June 14, 2023 | finance.yahoo.com
AvidXchange Releases Annual ESG Report
June 9, 2023 | seekingalpha.com
AvidXchange: Leader In The Middle-Market B2B Automation Space
June 6, 2023 | markets.businessinsider.com
What 11 Analyst Ratings Have To Say About AvidXchange Holdings
June 5, 2023 | markets.businessinsider.com
Barclays Remains a Buy on AvidXchange Holdings (AVDX)
June 5, 2023 | markets.businessinsider.com
Bank of America Securities Keeps Their Sell Rating on AvidXchange Holdings (AVDX)
June 2, 2023 | markets.businessinsider.com
Credit Suisse Maintains Outperform Rating for AvidXchange Holdings: Here's What You Need To Know
June 2, 2023 | markets.businessinsider.com
AvidXchange Holdings (AVDX) Gets a Buy from Piper Sandler
June 2, 2023 | msn.com
8 Analysts Have This to Say About AvidXchange Holdings
June 1, 2023 | msn.com
AvidXchange: Remain Hold Rating Until Growth Trend Stabilizes
May 18, 2023 | seekingalpha.com
AvidXchange Holdings (AVDX) Investor Presentation - Slideshow
May 18, 2023 | seekingalpha.com
AvidXchange Holdings, Inc. 2023 Q1 - Results - Earnings Call Presentation
May 11, 2023 | markets.businessinsider.com
CINC Leverages the Power of AvidXchange's AvidPay Network, Launches Leading and Integrated AP Solution VendorPay
May 11, 2023 | finance.yahoo.com
Does AvidXchange Holdings, Inc. (AVDX) Have the Potential to Rally 26.34% as Wall Street Analysts Expect?
See More Headlines
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AVDX Company Calendar

Last Earnings
8/02/2023
Today
10/02/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Software—Infrastructure
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NASDAQ:AVDX
CUSIP
N/A
CIK
1858257
Web
www.avidxchange.com
Phone
800-560-9305
Fax
N/A
Employees
1,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.91
High Stock Price Forecast
$15.50
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+36.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($0.43)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-101,280,000.00
Net Margins
-24.57%
Pretax Margin
-24.46%
Return on Equity
-8.81%
Return on Assets
-2.83%

Debt

Debt-to-Equity Ratio
0.21
Current Ratio
1.32
Quick Ratio
1.32

Sales & Book Value

Annual Sales
$316.35 million
Price / Sales
6.06
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$3.31 per share
Price / Book
2.86

Miscellaneous

Outstanding Shares
202,150,000
Free Float
181,326,000
Market Cap
$1.92 billion
Optionable
Not Optionable
Beta
0.62
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Key Executives

  • Mr. Michael PraegerMr. Michael Praeger (Age 58)
    Co-Founder, Chairman & CEO
    Comp: $1.16M
  • Mr. Daniel Drees (Age 54)
    Pres
    Comp: $821.95k
  • Mr. Joel WilhiteMr. Joel Wilhite (Age 53)
    Sr. VP & CFO
    Comp: $826.35k
  • Ms. Angelic Gibson (Age 46)
    Chief Information Officer & Sr. VP
    Comp: $679.91k
  • Mr. Ryan Stahl (Age 48)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $686.74k
  • Mr. Chris Tinsley
    Co-Founder & Sr. Technology Advisor
  • Mr. John Feldman
    Chief Operating Officer
  • Ms. Melissa Spitzer-Johnson
    VP of Operations
  • Subhaash Kumar
    Head of Investor Relations
  • Mr. Al McMillian Jr.
    VP of Compliance

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













AVDX Stock - Frequently Asked Questions

Should I buy or sell AvidXchange stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AvidXchange in the last twelve months. There are currently 1 sell rating, 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AVDX shares.
View AVDX analyst ratings or view top-rated stocks.

What is AvidXchange's stock price forecast for 2023?

9 analysts have issued 1-year price objectives for AvidXchange's stock. Their AVDX share price forecasts range from $8.00 to $15.50. On average, they expect the company's share price to reach $12.91 in the next year. This suggests a possible upside of 36.2% from the stock's current price.
View analysts price targets for AVDX or view top-rated stocks among Wall Street analysts.

How have AVDX shares performed in 2023?

AvidXchange's stock was trading at $9.94 at the start of the year. Since then, AVDX stock has decreased by 4.6% and is now trading at $9.48.
View the best growth stocks for 2023 here.

When is AvidXchange's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our AVDX earnings forecast.

How were AvidXchange's earnings last quarter?

AvidXchange Holdings, Inc. (NASDAQ:AVDX) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.04. The business earned $91.15 million during the quarter, compared to the consensus estimate of $88.98 million. AvidXchange had a negative net margin of 24.57% and a negative trailing twelve-month return on equity of 8.81%.

What ETFs hold AvidXchange's stock?

ETFs with the largest weight of AvidXchange (NASDAQ:AVDX) stock in their portfolio include Fidelity Disruptive Finance ETF (FDFF), WisdomTree Cloud Computing Fund (WCLD).ARK Fintech Innovation ETF (ARKF) and

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

AvidXchange updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $368.00 million-$370.00 million, compared to the consensus revenue estimate of $368.70 million.

When did AvidXchange IPO?

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

What is AvidXchange's stock symbol?

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

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 $9.48.

How much money does AvidXchange make?

AvidXchange (NASDAQ:AVDX) has a market capitalization of $1.92 billion and generates $316.35 million in revenue each year. The company earns $-101,280,000.00 in net income (profit) each year or ($0.43) on an earnings per share basis.

How many employees does AvidXchange have?

The company 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 10/2/2023 by MarketBeat.com Staff

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