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All the trading advice you’ve ever received boils down to this (Ad)
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All the trading advice you’ve ever received boils down to this (Ad)
2 energy drink makers to wake up your portfolio
Snowflake’s bullish tailwind is turning into a gale-force wind
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
2 energy drink makers to wake up your portfolio
Snowflake’s bullish tailwind is turning into a gale-force wind
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
2 energy drink makers to wake up your portfolio
Snowflake’s bullish tailwind is turning into a gale-force wind
S&P 500   4,569.78
DOW   36,204.44
QQQ   386.32
Are penny stocks worth it? Should you invest in penny stocks?
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Why do tech stocks go down when interest rates rise?
Own Dollar General? Hurry and take this advice before earnings
All the trading advice you’ve ever received boils down to this (Ad)
Pure Storage stock fumbles for a rare buying opportunity
Black Swan: this small cap surged over 1000% last week
All the trading advice you’ve ever received boils down to this (Ad)
2 energy drink makers to wake up your portfolio
Snowflake’s bullish tailwind is turning into a gale-force wind

AvidXchange Stock Price, News & Analysis (NASDAQ:AVDX)

$11.04
+0.03 (+0.27%)
(As of 12/4/2023 ET)
Compare
Today's Range
$10.87
$11.06
50-Day Range
$7.60
$11.04
52-Week Range
$6.88
$12.75
Volume
1.28 million shs
Average Volume
1.98 million shs
Market Capitalization
$2.24 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.33

AvidXchange MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
11.7% Upside
$12.33 Price Target
Short Interest
Healthy
7.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.18mentions of AvidXchange in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$23.67 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.23) to ($0.18) Per Share

Overall MarketRank

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

1.96 out of 5 stars

Computer And Technology Sector

415th out of 593 stocks

Prepackaged Software Industry

130th out of 198 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 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 Stock Price History

AVDX Stock News Headlines

AvidXchange initiated with a Market Perform at BMO Capital
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Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
AvidXchange Holdings Inc.
Critical Survey: Bakkt (NYSE:BKKT) and AvidXchange (NASDAQ:AVDX)
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Expert Ratings for AvidXchange Holdings
Why AvidXchange Holdings Was a Monster Stock on Wednesday
AvidXchange Holdings Becomes Oversold (AVDX)
AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) Profit Outlook
AvidXchange Holdings Inc AVDX
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/06/2024

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
$12.33
High Stock Price Target
$15.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+11.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Net Income
$-101,280,000.00
Pretax Margin
-18.58%

Debt

Sales & Book Value

Annual Sales
$316.35 million
Book Value
$3.31 per share

Miscellaneous

Free Float
182,224,000
Market Cap
$2.24 billion
Optionable
Not Optionable
Beta
0.89
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Key Executives















AVDX Stock Analysis - Frequently Asked Questions

Should I buy or sell AvidXchange stock right now?

9 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 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVDX shares.
View AVDX analyst ratings
or view top-rated stocks.

What is AvidXchange's stock price target for 2024?

9 brokers have issued 12-month price objectives for AvidXchange's shares. Their AVDX share price targets range from $10.00 to $15.00. On average, they expect the company's stock price to reach $12.33 in the next year. This suggests a possible upside of 11.7% 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 2023?

AvidXchange's stock was trading at $9.94 at the beginning of the year. Since then, AVDX shares have increased by 11.1% and is now trading at $11.04.
View the best growth stocks for 2023 here
.

Are investors shorting AvidXchange?

AvidXchange saw a decline in short interest in November. As of November 15th, there was short interest totaling 10,730,000 shares, a decline of 8.2% from the October 31st total of 11,690,000 shares. Based on an average trading volume of 1,870,000 shares, the days-to-cover ratio is presently 5.7 days. Approximately 7.0% of the shares of the stock are sold short.
View AvidXchange's Short Interest
.

When is AvidXchange's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024.
View our AVDX earnings forecast
.

How were AvidXchange's earnings last quarter?

AvidXchange Holdings, Inc. (NASDAQ:AVDX) issued its quarterly earnings results on Wednesday, November, 8th. The company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.09. The business earned $98.68 million during the quarter, compared to the consensus estimate of $94.49 million. AvidXchange had a negative trailing twelve-month return on equity of 6.17% and a negative net margin of 18.71%.

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

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.

Who are AvidXchange's major shareholders?

AvidXchange's stock is owned by many different institutional and retail investors. Top institutional shareholders include Senvest Management LLC (6.05%), Lord Abbett & CO. LLC (2.66%), Bank of New York Mellon Corp (2.29%), North Reef Capital Management LP (2.22%), TimesSquare Capital Management LLC (0.99%) and Morgan Stanley (0.94%). Insiders that own company stock include Daniel Drees, James E Hausman, Joel Wilhite, Matthew C Harris and Michael Praeger.
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.

This page (NASDAQ:AVDX) was last updated on 12/5/2023 by MarketBeat.com Staff

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