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 3 hold ratings and 8 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?

11 analysts have issued 1-year price targets for AvidXchange's shares. Their AVDX share price targets range from $10.00 to $15.00. On average, they predict the company's share price to reach $12.36 in the next twelve months. This suggests a possible upside of 12.3% 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 increased by 10.7% and is now trading at $11.00. View the best growth stocks for 2023 here .

Are investors shorting AvidXchange?

AvidXchange saw a drop in short interest in November. As of November 15th, there was short interest totaling 10,730,000 shares, a drop of 8.2% from the October 31st total of 11,690,000 shares. Based on an average daily trading volume, of 1,870,000 shares, the short-interest ratio is currently 5.7 days. Currently, 7.0% of the shares of the company are short sold. 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) posted its quarterly earnings data on Wednesday, November, 8th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.09. The firm had revenue of $98.68 million for 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 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 retail and institutional 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, Michael Praeger 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

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

$11.03

+0.03 (+0.27%)

(As of 11:28 AM ET)

Compare

Today's Range: $10.88
▼
$11.08
50-Day Range: $7.60
▼
$11.04
52-Week Range: $6.88
▼
$12.75

Volume: 314,146 shs
Average Volume: 1.98 million shs
Market Capitalization: $2.24 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $12.36

AvidXchange MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 12.3% Upside
$12.36 Price Target
Short Interest: Healthy
7.03% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.29
Based on 15 Articles This Week
Insider Trading: Selling Shares
$23.75 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.

2.23 out of 5 stars

Computer And Technology Sector

241st out of 591 stocks

Prepackaged Software Industry

54th out of 170 stocks

3.4

Analyst's Opinion

Consensus Rating
AvidXchange has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.36, AvidXchange has a forecasted upside of 12.3% from its current price of $11.00.
Amount of Analyst Coverage
AvidXchange has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
7.03% 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 5.7.
Change versus previous month
Short interest in AvidXchange has recently decreased by 8.21%, indicating that investor sentiment is improving significantly.

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.

2.4

News and Social Media Coverage

News Sentiment
AvidXchange has a news sentiment score of 0.29. 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 lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 15 news articles for AvidXchange this week, compared to 2 articles on an average week.
Search Interest
Only 3 people have searched for AVDX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
4 people have added AvidXchange to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 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 $23,745,822.00 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 ($0.23) to ($0.18) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AvidXchange is -32.35, 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 -32.35, 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 3.32. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

AVDX Stock News Headlines

December 8, 2023 | americanbankingnews.com

AvidXchange (NASDAQ:AVDX) Coverage Initiated at BTIG Research

December 7, 2023 | americanbankingnews.com

AvidXchange (NASDAQ:AVDX) Coverage Initiated at BMO Capital Markets

December 8, 2023 | Financial Alphas (Ad)

Countries Are Investing Heavily Into Securing Energy Independence

There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.

December 5, 2023 | seekingalpha.com

AvidXchange: Excellent Performance, Business On Track To >20% Growth

December 5, 2023 | finance.yahoo.com

Bull of the Day: AvidXchange Holdings, Inc. (AVDX)

December 4, 2023 | realmoney.thestreet.com

AvidXchange initiated with a Market Perform at BMO Capital

December 4, 2023 | americanbankingnews.com

AvidXchange Holdings, Inc. (NASDAQ:AVDX) Insider Sells $157,500.00 in Stock

December 2, 2023 | thestreet.com

AvidXchange Holdings Inc.

December 8, 2023 | Financial Alphas (Ad)

Countries Are Investing Heavily Into Securing Energy Independence

November 30, 2023 | markets.businessinsider.com

AvidXchange: Hold Rating Amidst Growth Potential and Market Misunderstanding

November 28, 2023 | americanbankingnews.com

AvidXchange Holdings, Inc. (NASDAQ:AVDX) Given Average Rating of "Moderate Buy" by Brokerages

November 22, 2023 | finance.yahoo.com

Wall Street Analysts Believe AvidXchange Holdings, Inc. (AVDX) Could Rally 26.02%: Here's is How to Trade

November 10, 2023 | seekingalpha.com

AvidXchange: Bullish On Middle Market Focus And New Partnership

November 10, 2023 | finance.yahoo.com

Here's What Key Metrics Tell Us About AvidXchange Holdings, Inc. (AVDX) Q3 Earnings

November 10, 2023 | markets.businessinsider.com

Brent Bracelin’s Buy Rating on AvidXchange: Robust Revenue Growth and Cost Efficiency Despite TPV Slowdown

November 10, 2023 | markets.businessinsider.com

Expert Ratings for AvidXchange Holdings

November 8, 2023 | finance.yahoo.com

Why AvidXchange Holdings Was a Monster Stock on Wednesday

November 8, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Financial Companies: Open Lending (LPRO) and AvidXchange Holdings (AVDX)

November 8, 2023 | finance.yahoo.com

AvidXchange Holdings Inc (AVDX) Reports Notable Q3 2023 Financial Results

November 6, 2023 | finance.yahoo.com

Seeking Clues to AvidXchange Holdings, Inc. (AVDX) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

November 5, 2023 | nasdaq.com

AvidXchange Holdings Becomes Oversold (AVDX)

November 3, 2023 | finance.yahoo.com

AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) Profit Outlook

November 1, 2023 | morningstar.com

AvidXchange Holdings Inc AVDX

October 26, 2023 | finance.yahoo.com

AvidXchange Holdings, Inc. (AVDX) Stock Moves -0.59%: What You Should Know

October 11, 2023 | finance.yahoo.com

AvidXchange Holdings, Inc. (AVDX) Stock Falls Amid Market Uptick: What Investors Need to Know

October 5, 2023 | markets.businessinsider.com

Buy Rating Endorsed for AvidXchange Holdings: Impressive Valuation, Anticipated Growth, and Strong Market Position

October 4, 2023 | finance.yahoo.com

AvidXchange Holdings, Inc. (AVDX) Laps the Stock Market: Here's Why

See More Headlines

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Company Calendar

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

Get Stock Alerts

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 Target: $12.36
High Stock Price Target: $15.00
Low Stock Price Target: $10.00
Potential Upside/Downside: +12.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.34)
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: -18.71%
Pretax Margin: -18.58%
Return on Equity: -6.17%
Return on Assets: -1.92%

Debt

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

Sales & Book Value

Annual Sales: $362.83 million
Price / Sales: 6.18
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.31 per share
Price / Book: 3.33

Miscellaneous

Outstanding Shares: 203,148,000
Free Float: 182,224,000
Market Cap: $2.24 billion
Optionable: Not Optionable
Beta: 0.89

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Key Executives

Mr. Michael Praeger (Age 58)
Co-Founder, Chairman & CEO
Comp: $1.16M
Mr. Daniel Drees (Age 54)
President
Comp: $821.95k
Mr. Joel Wilhite (Age 53)
Senior VP & CFO
Comp: $826.35k
Ms. Angelic Gibson (Age 46)
Chief Information Officer & Senior VP
Comp: $679.91k
Mr. Ryan Stahl (Age 48)
Senior VP, General Counsel & Secretary
Comp: $686.74k
Mr. Chris Tinsley
Co-Founder & Senior Technology Advisor
Mr. John Feldman
Chief Operating Officer
Subhaash Kumar
Head of Investor Relations
Mr. Al McMillian Jr.
Vice President of Compliance
Ms. Jess Antle
Vice President of Brand Marketing & Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 3 hold ratings and 8 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?: 11 analysts have issued 1-year price targets for AvidXchange's shares. Their AVDX share price targets range from $10.00 to $15.00. On average, they predict the company's share price to reach $12.36 in the next twelve months. This suggests a possible upside of 12.3% 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 increased by 10.7% and is now trading at $11.00.
View the best growth stocks for 2023 here.
Are investors shorting AvidXchange?: AvidXchange saw a drop in short interest in November. As of November 15th, there was short interest totaling 10,730,000 shares, a drop of 8.2% from the October 31st total of 11,690,000 shares. Based on an average daily trading volume, of 1,870,000 shares, the short-interest ratio is currently 5.7 days. Currently, 7.0% of the shares of the company are short sold.
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) posted its quarterly earnings data on Wednesday, November, 8th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.09. The firm had revenue of $98.68 million for 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 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 retail and institutional 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, Michael Praeger 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 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 12/8/2023 by MarketBeat.com Staff

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