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NASDAQ:AVDX

AvidXchange (AVDX) Stock Price, News & Analysis

$10.98
-0.20 (-1.79%)
(As of 05/21/2024 ET)
Today's Range
$10.93
$11.25
50-Day Range
$10.98
$13.15
52-Week Range
$6.88
$13.56
Volume
1.97 million shs
Average Volume
1.86 million shs
Market Capitalization
$2.27 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.14

AvidXchange MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
19.7% Upside
$13.14 Price Target
Short Interest
Bearish
4.62% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.38mentions of AvidXchange in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$39.66 M Sold Last Quarter
Proj. Earnings Growth
1,500.00%
From $0.01 to $0.16 Per Share

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.

3.09 out of 5 stars

Computer And Technology Sector

288th out of 590 stocks

Prepackaged Software Industry

95th out of 196 stocks

AVDX stock logo

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.

AVDX Stock Price History

AVDX Stock News Headlines

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Company Calendar

Today
5/21/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

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 Target
$13.14
High Stock Price Target
$16.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+19.8%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$-47,330,000.00
Pretax Margin
-7.78%

Debt

Sales & Book Value

Annual Sales
$380.72 million
Cash Flow
$0.01 per share
Book Value
$3.23 per share

Miscellaneous

Free Float
185,321,000
Market Cap
$2.27 billion
Optionable
Optionable
Beta
1.07
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Key Executives


AVDX Stock Analysis - 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 twelve months. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AVDX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVDX, but not buy additional shares or sell existing shares.
View AVDX analyst ratings
or view top-rated stocks.

What is AvidXchange's stock price target for 2024?

11 Wall Street research analysts have issued 1-year target prices for AvidXchange's shares. Their AVDX share price targets range from $10.00 to $16.00. On average, they anticipate the company's share price to reach $13.14 in the next twelve months. This suggests a possible upside of 19.7% 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 2024?

AvidXchange's stock was trading at $12.39 at the beginning of the year. Since then, AVDX stock has decreased by 11.4% and is now trading at $10.98.
View the best growth stocks for 2024 here
.

When is AvidXchange's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our AVDX earnings forecast
.

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) and WisdomTree Cloud Computing Fund (WCLD).ARK Fintech Innovation ETF (ARKF).

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

AvidXchange updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $442.0 million-$448.0 million, compared to the consensus revenue estimate of $447.4 million.

When did AvidXchange IPO?

AvidXchange (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.

Who are AvidXchange's major shareholders?

AvidXchange's stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.37%), Lord Abbett & CO. LLC (2.46%), Biltmore Family Office LLC (1.59%), Janus Henderson Group PLC (1.18%), Tremblant Capital Group (1.05%) and TimesSquare Capital Management LLC (0.95%). Insiders that own company stock include Angelic Gibson, Daniel Drees, James E Hausman, Joel Wilhite, Matthew C Harris, Michael Praeger, 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 5/21/2024 by MarketBeat.com Staff

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