NASDAQ:AVDX

AvidXchange - AVDX Stock Forecast, Price & News

8.76

+0.25 (+2.94%)

(As of 10/4/2022 11:47 AM ET)

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Today's Range: 8.59
▼
8.88
50-Day Range: 6.58
▼
9.07
52-Week Range: 5.86
▼
27.43

Volume: 40,176 shs
Average Volume: 1.65 million shs
Market Capitalization: $1.74 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: 14.82

AvidXchange MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.82 Rating Score
Upside/Downside: 68.6% Upside
14.82 Price Target
Short Interest: Healthy
4.22% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.84
Based on 5 Articles This Week
Insider Trading: Selling Shares
$29,705 Sold Last Quarter
Proj. Earnings Growth: Decreasing
From -0.53 to -0.62 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.47 out of 5 stars

Computer And Technology Sector

237th out of 648 stocks

Prepackaged Software Industry

66th out of 226 stocks

4.4

Analyst's Opinion

Consensus Rating
AvidXchange has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of 14.82, AvidXchange has a forecasted upside of 68.6% from its current price of 8.79.
Amount of Analyst Coverage
AvidXchange has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.22% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in AvidXchange has recently increased by 4.72%, indicating that investor sentiment is decreasing.

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.

2.7

News and Social Media Coverage

News Sentiment
AvidXchange has a news sentiment score of 0.84. 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 higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for AvidXchange this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for AVDX on MarketBeat in the last 30 days. This is a decrease of 0% 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 29,705.00 in company stock.
Percentage Held by Insiders
10.50% 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
68.87% of the stock of AvidXchange is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Earnings Growth
Earnings for AvidXchange are expected to decrease in the coming year, from -0.53 to -0.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AvidXchange is -6.10, 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 -6.10, 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 2.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 cash flow 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.

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AVDX Stock News Headlines

September 30, 2022 | americanbankingnews.com

AvidXchange (NASDAQ:AVDX) Stock Price Up 7.2%

September 29, 2022 | bizjournals.com

POWER 100 No. 2: Michael Praeger at AvidXchange blazes trails for entrepreneurial scene

September 4, 2022 | finance.yahoo.com

Insiders at AvidXchange Holdings, Inc. (NASDAQ:AVDX) snagged a bargain: a US$45k profit on a US$694k buy

August 15, 2022 | finance.yahoo.com

AvidXchange Launches Invoice-to-Pay Integration Built for Multi-Industry Provider, Blackbaud Financial Edge NXT®

August 10, 2022 | finance.yahoo.com

Wall Street Analysts See a 57% Upside in AvidXchange Holdings, Inc. (AVDX): Can the Stock Really Move This High?

August 9, 2022 | nasdaq.com

Growth Investors: Industry Analysts Just Upgraded Their AvidXchange Holdings, Inc. (NASDAQ:AVDX) Revenue Forecasts By 10%

July 14, 2022 | finance.yahoo.com

The Rate of Spending on Technology has more than Tripled in the Past Two Years, AvidXchange Research Shows

July 13, 2022 | finance.yahoo.com

AvidXchange Announces Purchase-to-Pay Integration for Sage 100

June 18, 2022 | bizjournals.com

AvidXchange CEO Mike Praeger discusses fintech firm's growth trajectory, how he keeps employees on same page

June 17, 2022 | bizjournals.com

What's next for developer Noah Lazes after $52M sale of AvidXchange Music Factory to Brookfield

June 15, 2022 | finance.yahoo.com

The Results are in: 84 Percent of Teammates said “AvidXchange is a Great Place to Work,” Earning the Company a Top Certification by Great Place to Work®

June 10, 2022 | americanbankingnews.com

Zacks Investment Research Upgrades AvidXchange (NASDAQ:AVDX) to "Buy"

May 26, 2022 | finance.yahoo.com

Wall Street Analysts Believe AvidXchange Holdings, Inc. (AVDX) Could Rally 68%: Here's is How to Trade

May 17, 2022 | finance.yahoo.com

AvidXchange and ResMan Offer Full API Integration for Real Estate Professionals

May 12, 2022 | benzinga.com

AvidXchange to Present at Upcoming Investor Conferences - Benzinga - Benzinga

May 9, 2022 | finance.yahoo.com

AvidXchange Offers Straight Through Processing Capability to Fully Automate Delivery and Receipt of Payments - Yahoo Finance

May 9, 2022 | finance.yahoo.com

New Book Educates Leaders to Manage More Effectively Using the Power of Positive Accountability - Yahoo Finance

May 9, 2022 | benzinga.com

Deutsche Bank Maintains Buy on AvidXchange Holdings, Lowers Price Target to $13 - Benzinga - Benzinga

May 9, 2022 | globenewswire.com

AvidXchange Offers Straight Through Processing Capability to Fully Automate Delivery and Receipt of Payments - GlobeNewswire

May 9, 2022 | finance.yahoo.com

AvidXchange Offers Straight Through Processing Capability to Fully Automate Delivery and Receipt of Payments

May 6, 2022 | benzinga.com

Why AvidXchange Shares Are Trading Higher Today - Benzinga - Benzinga

May 6, 2022 | finance.yahoo.com

Here's Why AvidXchange Shares Are Trading Higher On A Down Market Day

May 6, 2022 | benzinga.com

Keybanc Maintains Overweight on AvidXchange Holdings, Lowers Price Target to $14 - Benzinga - Benzinga

May 6, 2022 | benzinga.com

AvidXchange Raises FY22 Sales Guidance From $296.5M-$301.5M To $303M-$307M vs $299.36M Est. - Benzinga - Benzinga

May 6, 2022 | investing.com

AvidXchange Holdings Tops Q1 EPS by 5c By Investing.com - Investing.com

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30 days | 90 days | 365 days | Advanced Chart

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AVDX Company Calendar

Last Earnings: 8/03/2022
Today: 10/04/2022
Next Earnings (Estimated): 11/15/2022
Fiscal Year End: 12/31/2022

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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 Forecast: 14.82
High Stock Price Forecast: 31.00
Low Stock Price Forecast: 9.00
Forecasted Upside/Downside: +69.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.82
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): -1.44
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-199,650,000.00
Net Margins: -56.17%
Pretax Margin: -57.84%
Return on Equity: -24.74%
Return on Assets: -4.99%

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 1.44
Quick Ratio: 1.44

Sales & Book Value

Annual Sales: $248.41 million
Price / Sales: 6.99
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: 3.69 per share
Price / Book: 2.37

Miscellaneous

Outstanding Shares: 198,099,000
Free Float: 177,299,000
Market Cap: $1.74 billion
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Michael Praeger (Age 57)
Co-Founder, Chairman, Pres & CEO
Comp: $954.64k

Mr. Joel Wilhite (Age 52)
Sr. VP & CFO
Comp: $711.54k

Mr. Daniel Drees (Age 54)
Chief Growth Officer & Sr. VP
Comp: $728.33k

Mr. Chris Tinsley
Co-Founder & CTO

Ms. Melissa Spitzer-Johnson
VP of Operations

Ms. Angelic Gibson (Age 45)
Chief Information Officer & Sr. VP

Subhaash Kumar
Head of Investor Relations

Mr. Ryan Stahl (Age 47)
Sr. VP, Gen. Counsel & Sec.

Mr. Al McMillian Jr.
VP of Compliance

Ms. Jess Antle
VP of Brand Marketing & Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AVDX Stock - 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 2 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AVDX shares.
View AVDX analyst ratings or view top-rated stocks.
What is AvidXchange's stock price forecast for 2022?: 11 analysts have issued 1 year price objectives for AvidXchange's stock. Their AVDX share price forecasts range from 9.00 to 31.00. On average, they predict the company's stock price to reach 14.82 in the next year. This suggests a possible upside of 68.6% 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 2022?: AvidXchange's stock was trading at 15.06 at the beginning of the year. Since then, AVDX stock has decreased by 41.6% and is now trading at 8.79.
View the best growth stocks for 2022 here.
When is AvidXchange's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 15th 2022.
View our AVDX earnings forecast.
How were AvidXchange's earnings last quarter?: AvidXchange Holdings, Inc. (NASDAQ:AVDX) issued its earnings results on Wednesday, August, 3rd. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.10. The company earned $76.56 million during the quarter, compared to analyst estimates of $72.73 million. AvidXchange had a negative trailing twelve-month return on equity of 24.74% and a negative net margin of 56.17%.
What guidance has AvidXchange issued on next quarter's earnings?: AvidXchange updated its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $308.00 million-$310.00 million, compared to the consensus revenue estimate of $305.59 million.

When did AvidXchange IPO?: (AVDX) raised $581 million in an initial public offering (IPO) on Wednesday, October 13th 2021. The company issued 26,400,000 shares at a price of $21.00-$23.00 per share.
What is AvidXchange's stock symbol?: AvidXchange trades on the NASDAQ under the ticker symbol "AVDX."
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 8.79.
How much money does AvidXchange make?: AvidXchange (NASDAQ:AVDX) has a market capitalization of $1.74 billion and generates $248.41 million in revenue each year. The company earns $-199,650,000.00 in net income (profit) each year or -1.44 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 10/4/2022 by MarketBeat.com Staff

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AvidXchange - AVDX Stock Forecast, Price & News

AvidXchange MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About AvidXchange (NASDAQ:AVDX) Stock

AVDX Stock News Headlines

AVDX Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AVDX Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™