S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk (Ad)
Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
New AI Stock Payouts (Ad)
AI is on the world's mind. Is the UN the place to figure out what to do about it?
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
New AI Stock Payouts (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The UN's top tech official discusses AI, bringing the world together and what keeps him up at night
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk (Ad)
Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
New AI Stock Payouts (Ad)
AI is on the world's mind. Is the UN the place to figure out what to do about it?
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
New AI Stock Payouts (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The UN's top tech official discusses AI, bringing the world together and what keeps him up at night
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk (Ad)
Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
New AI Stock Payouts (Ad)
AI is on the world's mind. Is the UN the place to figure out what to do about it?
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
New AI Stock Payouts (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The UN's top tech official discusses AI, bringing the world together and what keeps him up at night
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk (Ad)
Stock market today: Asian shares mostly lower after Wall St has its worst week in 6 months
Writers Guild and Hollywood studios reach tentative deal to end strike. No deal yet for actors
New AI Stock Payouts (Ad)
AI is on the world's mind. Is the UN the place to figure out what to do about it?
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
New AI Stock Payouts (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The UN's top tech official discusses AI, bringing the world together and what keeps him up at night
NASDAQ:AVDX

AvidXchange (AVDX) Stock Forecast, Price & News

$9.12
-0.04 (-0.44%)
(As of 09/22/2023 08:51 PM ET)
Compare
Today's Range
$9.05
$9.58
50-Day Range
$9.12
$12.45
52-Week Range
$7.02
$12.75
Volume
1.66 million shs
Average Volume
1.97 million shs
Market Capitalization
$1.84 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
41.5% Upside
$12.91 Price Target
Short Interest
Healthy
4.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.51mentions of AvidXchange in the last 14 days
Based on 5 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.

2.23 out of 5 stars

Computer And Technology Sector

310th out of 587 stocks

Prepackaged Software Industry

90th out of 199 stocks


AVDX stock logo

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

AVDX Stock News Headlines

This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Robert W. Baird Remains a Buy on AvidXchange Holdings (AVDX)
Goldman Sachs Keeps Their Hold Rating on AvidXchange Holdings (AVDX)
AvidXchange Releases Annual ESG Report
What 11 Analyst Ratings Have To Say About AvidXchange Holdings
Barclays Remains a Buy on AvidXchange Holdings (AVDX)
AvidXchange Holdings (AVDX) Gets a Buy from Piper Sandler
See More Headlines
Receive AVDX Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for AvidXchange and its competitors with MarketBeat's FREE daily newsletter.

AVDX Company Calendar

Last Earnings
8/02/2023
Today
9/25/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$12.91
High Stock Price Forecast
$15.50
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+41.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$-101,280,000.00
Pretax Margin
-24.46%

Debt

Sales & Book Value

Annual Sales
$316.35 million
Book Value
$3.31 per share

Miscellaneous

Free Float
181,326,000
Market Cap
$1.84 billion
Optionable
Not Optionable
Beta
0.62
A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

  • Mr. Michael PraegerMr. Michael Praeger (Age 58)
    Co-Founder, Chairman & CEO
    Comp: $1.16M
  • Mr. Daniel Drees (Age 54)
    Pres
    Comp: $821.95k
  • Mr. Joel WilhiteMr. 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













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 analysts have issued 1-year target prices for AvidXchange's stock. Their AVDX share price forecasts range from $8.00 to $15.50. On average, they predict the company's stock price to reach $12.91 in the next twelve months. This suggests a possible upside of 41.5% 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 on January 1st, 2023. Since then, AVDX stock has decreased by 8.2% and is now trading at $9.12.
View the best growth stocks for 2023 here
.

Are investors shorting AvidXchange?

AvidXchange saw a increase in short interest in August. As of August 31st, there was short interest totaling 7,130,000 shares, an increase of 5.6% from the August 15th total of 6,750,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the days-to-cover ratio is currently 3.4 days. Approximately 4.8% of the company's 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, November 1st 2023.
View our AVDX earnings forecast
.

How were AvidXchange's earnings last quarter?

AvidXchange Holdings, Inc. (NASDAQ:AVDX) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.04. The business earned $91.15 million during the quarter, compared to analyst estimates 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 EPS 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 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."

Who are AvidXchange's major shareholders?

AvidXchange's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.97%), Senvest Management LLC (4.82%), Foundry Group Next LLC (1.98%), Bank of New York Mellon Corp (1.73%), Biltmore Family Office LLC (1.66%) and Geode Capital Management LLC (1.45%). 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.

What is AvidXchange's stock price today?

One share of AVDX stock can currently be purchased for approximately $9.12.

How much money does AvidXchange make?

AvidXchange (NASDAQ:AVDX) has a market capitalization of $1.84 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 9/25/2023 by MarketBeat.com Staff

My Account -