AvidXchange (AVDX) Stock Forecast, Price & News

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our AVDX earnings forecast.

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%.

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

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.

(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.

AvidXchange trades on the NASDAQ under the ticker symbol "AVDX."

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

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.

The company employs 1,600 workers across the globe.

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.