AvidXchange Stock Price, News & Analysis (NASDAQ:AVDX) $11.03 +0.03 (+0.27%) (As of 11:28 AM ET) Add Compare Share Share Today's Range$10.88▼$11.0850-Day Range$7.60▼$11.0452-Week Range$6.88▼$12.75Volume314,146 shsAverage Volume1.98 million shsMarket Capitalization$2.24 billionP/E RatioN/ADividend YieldN/APrice Target$12.36 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOwnershipSEC FilingsShort InterestSocial Media AvidXchange MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.73 Rating ScoreUpside/Downside12.3% Upside$12.36 Price TargetShort InterestHealthy7.03% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.29Based on 15 Articles This WeekInsider TradingSelling Shares$23.75 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.23) to ($0.18) Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector241st out of 591 stocksPrepackaged Software Industry54th out of 170 stocks 3.4 Analyst's Opinion Consensus RatingAvidXchange 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/DownsideAccording 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 CoverageAvidXchange has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted7.03% of the float of AvidXchange has been sold short.Short Interest Ratio / Days to CoverAvidXchange has a short interest ratio ("days to cover") of 5.7.Change versus previous monthShort interest in AvidXchange has recently decreased by 8.21%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldAvidXchange does not currently pay a dividend.Dividend GrowthAvidXchange does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AVDX. Previous Next 2.4 News and Social Media Coverage News SentimentAvidXchange 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 WeekMarketBeat has tracked 15 news articles for AvidXchange this week, compared to 2 articles on an average week.Search InterestOnly 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 Follows4 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. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn 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 Insiders10.30% 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 Institutions70.42% of the stock of AvidXchange is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for AvidXchange are expected to grow in the coming year, from ($0.23) to ($0.18) per share.Price to Earnings Ratio vs. the MarketThe 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. SectorThe 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 RatioAvidXchange 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. Previous Next 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.Read More AVDX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AVDX Stock News HeadlinesDecember 8, 2023 | americanbankingnews.comAvidXchange (NASDAQ:AVDX) Coverage Initiated at BTIG ResearchDecember 7, 2023 | americanbankingnews.comAvidXchange (NASDAQ:AVDX) Coverage Initiated at BMO Capital MarketsDecember 8, 2023 | Financial Alphas (Ad)Countries Are Investing Heavily Into Securing Energy IndependenceThere'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.comAvidXchange: Excellent Performance, Business On Track To >20% GrowthDecember 5, 2023 | finance.yahoo.comBull of the Day: AvidXchange Holdings, Inc. (AVDX)December 4, 2023 | realmoney.thestreet.comAvidXchange initiated with a Market Perform at BMO CapitalDecember 4, 2023 | americanbankingnews.comAvidXchange Holdings, Inc. (NASDAQ:AVDX) Insider Sells $157,500.00 in StockDecember 2, 2023 | thestreet.comAvidXchange Holdings Inc.December 8, 2023 | Financial Alphas (Ad)Countries Are Investing Heavily Into Securing Energy IndependenceThere'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.November 30, 2023 | markets.businessinsider.comAvidXchange: Hold Rating Amidst Growth Potential and Market MisunderstandingNovember 28, 2023 | americanbankingnews.comAvidXchange Holdings, Inc. (NASDAQ:AVDX) Given Average Rating of "Moderate Buy" by BrokeragesNovember 22, 2023 | finance.yahoo.comWall Street Analysts Believe AvidXchange Holdings, Inc. (AVDX) Could Rally 26.02%: Here's is How to TradeNovember 10, 2023 | seekingalpha.comAvidXchange: Bullish On Middle Market Focus And New PartnershipNovember 10, 2023 | finance.yahoo.comHere's What Key Metrics Tell Us About AvidXchange Holdings, Inc. (AVDX) Q3 EarningsNovember 10, 2023 | markets.businessinsider.comBrent Bracelin’s Buy Rating on AvidXchange: Robust Revenue Growth and Cost Efficiency Despite TPV SlowdownNovember 10, 2023 | markets.businessinsider.comExpert Ratings for AvidXchange HoldingsNovember 8, 2023 | finance.yahoo.comWhy AvidXchange Holdings Was a Monster Stock on WednesdayNovember 8, 2023 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Financial Companies: Open Lending (LPRO) and AvidXchange Holdings (AVDX)November 8, 2023 | finance.yahoo.comAvidXchange Holdings Inc (AVDX) Reports Notable Q3 2023 Financial ResultsNovember 6, 2023 | finance.yahoo.comSeeking Clues to AvidXchange Holdings, Inc. (AVDX) Q3 Earnings? A Peek Into Wall Street Projections for Key MetricsNovember 5, 2023 | nasdaq.comAvidXchange Holdings Becomes Oversold (AVDX)November 3, 2023 | finance.yahoo.comAvidXchange Holdings, Inc.'s (NASDAQ:AVDX) Profit OutlookNovember 1, 2023 | morningstar.comAvidXchange Holdings Inc AVDXOctober 26, 2023 | finance.yahoo.comAvidXchange Holdings, Inc. (AVDX) Stock Moves -0.59%: What You Should KnowOctober 11, 2023 | finance.yahoo.comAvidXchange Holdings, Inc. (AVDX) Stock Falls Amid Market Uptick: What Investors Need to KnowOctober 5, 2023 | markets.businessinsider.comBuy Rating Endorsed for AvidXchange Holdings: Impressive Valuation, Anticipated Growth, and Strong Market PositionOctober 4, 2023 | finance.yahoo.comAvidXchange Holdings, Inc. (AVDX) Laps the Stock Market: Here's WhySee 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. Email Address Company Calendar Last Earnings11/08/2023Today12/08/2023Fiscal Year End12/31/2023Next Earnings (Estimated)3/06/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:AVDX CUSIPN/A CIK1858257 Webwww.avidxchange.com Phone800-560-9305FaxN/AEmployees1,600Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.73 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.34) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 Ratio0.21 Current Ratio1.32 Quick Ratio1.32 Sales & Book Value Annual Sales$362.83 million Price / Sales6.18 Cash FlowN/A Price / Cash FlowN/A Book Value$3.31 per share Price / Book3.33Miscellaneous Outstanding Shares203,148,000Free Float182,224,000Market Cap$2.24 billion OptionableNot Optionable Beta0.89 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Michael Praeger (Age 58)Co-Founder, Chairman & CEO Comp: $1.16MMr. Daniel Drees (Age 54)President Comp: $821.95kMr. Joel Wilhite (Age 53)Senior VP & CFO Comp: $826.35kMs. Angelic Gibson (Age 46)Chief Information Officer & Senior VP Comp: $679.91kMr. Ryan Stahl (Age 48)Senior VP, General Counsel & Secretary Comp: $686.74kMr. Chris TinsleyCo-Founder & Senior Technology AdvisorMr. John FeldmanChief Operating OfficerSubhaash KumarHead of Investor RelationsMr. Al McMillian Jr.Vice President of ComplianceMs. Jess AntleVice President of Brand Marketing & CommunicationsMore ExecutivesKey CompetitorsFastlyNYSE:FSLYAlkami TechnologyNASDAQ:ALKTQ2NYSE:QTWOBlackBerryNYSE:BBProgress SoftwareNASDAQ:PRGSView All CompetitorsInsiders & InstitutionsCitigroup Inc.Sold 92,159 shares on 12/6/2023Ownership: 0.002%Todd Alan CunninghamSold 7,310 sharesTotal: $79,825.20 ($10.92/share)American Century Companies Inc.Bought 1,253,634 shares on 11/30/2023Ownership: 0.620%Joel WilhiteSold 15,000 sharesTotal: $157,500.00 ($10.50/share)Deutsche Bank AGSold 1,354,632 shares on 11/24/2023Ownership: 0.076%View All Insider TransactionsView 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding AvidXchange Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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