NASDAQ:AVDX

AvidXchange (AVDX) Stock Forecast, Price & News

$9.43

+0.21 (+2.28%)

(As of 09/28/2023 ET)

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Today's Range: $9.10
▼
$9.56
50-Day Range: $8.96
▼
$12.45
52-Week Range: $7.02
▼
$12.75

Volume: 1.67 million shs
Average Volume: 1.96 million shs
Market Capitalization: $1.91 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $12.91

AvidXchange MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 36.9% Upside
$12.91 Price Target
Short Interest: Healthy
4.80% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.90
Based on 2 Articles This Week
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.

2.32 out of 5 stars

Computer And Technology Sector

275th out of 603 stocks

Prepackaged Software Industry

81st out of 209 stocks

3.3

Analyst's Opinion

Consensus Rating
AvidXchange has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 7 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $12.91, AvidXchange has a forecasted upside of 36.9% from its current price of $9.43.
Amount of Analyst Coverage
AvidXchange has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
4.80% of the float of AvidXchange has been sold short.
Short Interest Ratio / Days to Cover
AvidXchange has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in AvidXchange has recently increased by 0.28%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
AvidXchange does not currently pay a dividend.
Dividend Growth
AvidXchange does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AVDX.

3.3

News and Social Media Coverage

News Sentiment
AvidXchange has a news sentiment score of 0.90. 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 0.62 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for AvidXchange this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added AvidXchange to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In 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 $1,330,576.00 in company stock.
Percentage Held by Insiders
10.30% 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 Institutions
70.42% of the stock of AvidXchange is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for AvidXchange are expected to grow in the coming year, from ($0.34) to ($0.23) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AvidXchange is -21.93, 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. Sector
The P/E ratio of AvidXchange is -21.93, 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 Ratio
AvidXchange has a P/B Ratio of 2.85. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

AVDX Stock News Headlines

September 21, 2023 | finance.yahoo.com

AvidXchange Holdings, Inc. (AVDX) Stock Moves -1.29%: What You Should Know

September 21, 2023 | americanbankingnews.com

AvidXchange Holdings, Inc. (NASDAQ:AVDX) Short Interest Up 5.6% in August

September 29, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 14, 2023 | finance.yahoo.com

AvidXchange Holdings, Inc. (AVDX) Stock Sinks As Market Gains: What You Should Know

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)

September 29, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

August 3, 2023 | bizjournals.com

AvidXchange stock falls despite Q2 results beating analysts' expectations

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

See More Headlines

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AVDX Company Calendar

Last Earnings: 8/02/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
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: +36.9%
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: 6.03
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.31 per share
Price / Book: 2.85

Miscellaneous

Outstanding Shares: 202,150,000
Free Float: 181,326,000
Market Cap: $1.91 billion
Optionable: Not Optionable
Beta: 0.62

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Key Executives

Mr. Michael Praeger (Age 58)
Co-Founder, Chairman & CEO
Comp: $1.16M

Mr. Daniel Drees (Age 54)
Pres
Comp: $821.95k

Mr. 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 Wall Street analysts have issued 1 year target prices for AvidXchange's shares. Their AVDX share price forecasts range from $8.00 to $15.50. On average, they expect the company's stock price to reach $12.91 in the next year. This suggests a possible upside of 36.9% 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 beginning of the year. Since then, AVDX shares have decreased by 5.1% and is now trading at $9.43.
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) released its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.04. The firm had revenue of $91.15 million for the quarter, compared to analysts' expectations of $88.98 million. AvidXchange had a negative trailing twelve-month return on equity of 8.81% and a negative net margin of 24.57%.
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 issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share 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 (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."
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 $9.43.
How much money does AvidXchange make?: AvidXchange (NASDAQ:AVDX) has a market capitalization of $1.91 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 9/29/2023 by MarketBeat.com Staff

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