AvidXchange (AVDX) Stock Price, News & Analysis

$11.86
-0.17 (-1.41%)
(As of 03:39 PM ET)
Today's Range
$11.84
$12.20
50-Day Range
$11.14
$13.29
52-Week Range
$6.88
$13.56
Volume
703,646 shs
Average Volume
1.80 million shs
Market Capitalization
$2.42 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.07

AvidXchange MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
9.2% Upside
$13.07 Price Target
Short Interest
Healthy
4.89% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.51mentions of AvidXchange in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$39.08 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.02) to $0.13 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.

2.12 out of 5 stars

Computer And Technology Sector

409th out of 581 stocks

Prepackaged Software Industry

148th out of 197 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

This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
AvidXchange (NASDAQ:AVDX) Shares Gap Down on Analyst Downgrade
What's Going On With AvidXchange Stock Monday?
This Apple-like Innovator is Revolutionizing Healthcare
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing. Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
AvidXchange Announces Board Additions and Transitions
Piper Sandler Keeps Their Hold Rating on AvidXchange Holdings (AVDX)
AVDX Mar 2024 10.000 call
AVDX Mar 2024 5.000 put
AVDX Mar 2024 12.500 call
See More Headlines
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Company Calendar

Today
4/24/2024
Next Earnings (Confirmed)
5/08/2024
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
$13.07
High Stock Price Target
$16.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+8.6%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$-47,330,000.00
Pretax Margin
-12.12%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
183,279,000
Market Cap
$2.46 billion
Optionable
Optionable
Beta
1.04
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Key Executives

  • Mr. Michael  PraegerMr. Michael Praeger (Age 59)
    Co-Founder, Chairman & CEO
    Comp: $1.16M
  • Mr. Daniel Drees (Age 55)
    President
    Comp: $821.95k
  • Mr. Joel Wilhite (Age 54)
    Senior VP & CFO
    Comp: $826.35k
  • Ms. Angelic Gibson (Age 47)
    Chief Information Officer & Senior VP
    Comp: $679.91k
  • Mr. Ryan Stahl (Age 49)
    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

AVDX Stock Analysis - Frequently Asked Questions

Should I buy or sell AvidXchange stock right now?

11 Wall Street 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 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 price objectives for AvidXchange's shares. Their AVDX share price targets range from $10.00 to $16.00. On average, they anticipate the company's stock price to reach $13.07 in the next year. This suggests a possible upside of 9.2% 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 2024?

AvidXchange's stock was trading at $12.39 on January 1st, 2024. Since then, AVDX shares have decreased by 3.4% and is now trading at $11.97.
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, May 8th 2024.
View our AVDX earnings forecast
.

How can I listen to AvidXchange's earnings call?

AvidXchange will be holding an earnings conference call on Wednesday, May 8th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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 issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $441.0 million-$447.0 million, compared to the consensus revenue estimate of $444.3 million.

When did AvidXchange IPO?

AvidXchange (AVDX) raised $581 million in an IPO on Wednesday, October 13th 2021. The company issued 26,400,000 shares at a price of $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 shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.91%), Arbor Investment Advisors LLC (0.01%), Cardinal Capital Management (0.01%) and MBL Wealth LLC (0.01%). 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 4/24/2024 by MarketBeat.com Staff

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