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META   140.79 (+1.57%)
GOOGL   101.29 (+2.69%)
AMZN   122.41 (+5.64%)
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NVDA   131.80 (+5.34%)
NIO   16.74 (+8.07%)
BABA   84.58 (+5.13%)
AMD   68.75 (+3.99%)
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MU   54.64 (+5.65%)
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MSFT   248.77 (+3.34%)
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GOOGL   101.29 (+2.69%)
AMZN   122.41 (+5.64%)
TSLA   256.68 (+5.89%)
NVDA   131.80 (+5.34%)
NIO   16.74 (+8.07%)
BABA   84.58 (+5.13%)
AMD   68.75 (+3.99%)
T   16.08 (+1.13%)
MU   54.64 (+5.65%)
CGC   3.17 (+8.93%)
F   12.28 (+7.06%)
GE   66.83 (+5.08%)
DIS   101.03 (+4.02%)
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PYPL   92.19 (+5.75%)
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NASDAQ:AVDX

AvidXchange - AVDX Stock Forecast, Price & News

8.76
+0.25 (+2.94%)
(As of 10/4/2022 11:47 AM ET)
Add
Compare
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
0.84mentions of AvidXchange in the last 14 days
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

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 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

AvidXchange (NASDAQ:AVDX) Stock Price Up 7.2%
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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

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
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

Net Income
$-199,650,000.00
Pretax Margin
-57.84%

Debt

Sales & Book Value

Annual Sales
$248.41 million
Book Value
3.69 per share

Miscellaneous

Free Float
177,299,000
Market Cap
$1.74 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

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













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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