NASDAQ:AVDX AvidXchange (AVDX) Stock Forecast, Price & News $9.12 -0.04 (-0.44%) (As of 09/22/2023 08:51 PM ET) Add Compare Share Share Today's Range$9.05▼$9.5850-Day Range$9.12▼$12.4552-Week Range$7.02▼$12.75Volume1.66 million shsAverage Volume1.97 million shsMarket Capitalization$1.84 billionP/E RatioN/ADividend YieldN/APrice Target$12.91 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media AvidXchange MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside41.5% Upside$12.91 Price TargetShort InterestHealthy4.79% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.51Based on 5 Articles This WeekInsider TradingSelling Shares$1.33 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.34) to ($0.23) 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 Sector310th out of 587 stocksPrepackaged Software Industry90th out of 199 stocks 3.3 Analyst's Opinion Consensus RatingAvidXchange has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 7 buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.91, AvidXchange has a forecasted upside of 41.5% from its current price of $9.12.Amount of Analyst CoverageAvidXchange has only been the subject of 3 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.79% of the float of AvidXchange has been sold short.Short Interest Ratio / Days to CoverAvidXchange has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in AvidXchange has recently increased by 5.63%, indicating that investor sentiment is decreasing 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 2.5 News and Social Media Coverage News SentimentAvidXchange has a news sentiment score of 0.51. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for AvidXchange this week, compared to 2 articles on an average week.Search InterestOnly 1 people have searched for AVDX on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.MarketBeat Follows2 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 $1,330,576.00 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 ($0.34) to ($0.23) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of AvidXchange is -21.21, 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 -21.21, 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 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About AvidXchange (NASDAQ:AVDX) StockAvidXchange 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AVDX Stock News HeadlinesSeptember 21, 2023 | finance.yahoo.comAvidXchange Holdings, Inc. (AVDX) Stock Moves -1.29%: What You Should KnowSeptember 21, 2023 | americanbankingnews.comAvidXchange Holdings, Inc. (NASDAQ:AVDX) Short Interest Up 5.6% in AugustSeptember 25, 2023 | Chaikin Analytics (Ad)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.September 17, 2023 | americanbankingnews.comAnalysts Set AvidXchange Holdings, Inc. (NASDAQ:AVDX) Target Price at $12.91September 14, 2023 | finance.yahoo.comAvidXchange Holdings, Inc. (AVDX) Stock Sinks As Market Gains: What You Should KnowSeptember 13, 2023 | bizjournals.comOrganizers hope revamped festival propels Charlotte's music scene to national stageSeptember 7, 2023 | finance.yahoo.comAvidXchange Holdings, Inc. (AVDX) Dips More Than Broader Markets: What You Should KnowAugust 15, 2023 | seekingalpha.comAvidXchange: Rating Upgrade As Management Outlook Is Very PositiveSeptember 25, 2023 | Chaikin Analytics (Ad)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.August 4, 2023 | markets.businessinsider.comRobert W. Baird Remains a Buy on AvidXchange Holdings (AVDX)August 3, 2023 | bizjournals.comAvidXchange stock falls despite Q2 results beating analysts' expectationsAugust 3, 2023 | markets.businessinsider.comGoldman Sachs Keeps Their Hold Rating on AvidXchange Holdings (AVDX)August 3, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: AvidXchange Holdings (AVDX), Radian Group (RDN) and Verisk Analytics (VRSK)August 2, 2023 | msn.comCathie Wood Buys $3.4M Worth Of Shares In This Payments Software Firm — Also Increases Exposure To Iridium StockJuly 26, 2023 | finance.yahoo.comAvidXchange Holdings, Inc. (AVDX) Upgraded to Strong Buy: What Does It Mean for the Stock?July 17, 2023 | finance.yahoo.comAvidXchange Announces Timing of Its Second Quarter 2023 Financial Results Conference Call and WebcastJune 14, 2023 | finance.yahoo.comAvidXchange Releases Annual ESG ReportJune 9, 2023 | seekingalpha.comAvidXchange: Leader In The Middle-Market B2B Automation SpaceJune 6, 2023 | markets.businessinsider.comWhat 11 Analyst Ratings Have To Say About AvidXchange HoldingsJune 5, 2023 | markets.businessinsider.comBarclays Remains a Buy on AvidXchange Holdings (AVDX)June 5, 2023 | markets.businessinsider.comBank of America Securities Keeps Their Sell Rating on AvidXchange Holdings (AVDX)June 2, 2023 | markets.businessinsider.comCredit Suisse Maintains Outperform Rating for AvidXchange Holdings: Here's What You Need To KnowJune 2, 2023 | markets.businessinsider.comAvidXchange Holdings (AVDX) Gets a Buy from Piper SandlerJune 2, 2023 | msn.com8 Analysts Have This to Say About AvidXchange HoldingsJune 1, 2023 | msn.comAvidXchange: Remain Hold Rating Until Growth Trend StabilizesMay 18, 2023 | seekingalpha.comAvidXchange Holdings (AVDX) Investor Presentation - SlideshowMay 18, 2023 | seekingalpha.comAvidXchange Holdings, Inc. 2023 Q1 - Results - Earnings Call PresentationSee 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 AVDX Company Calendar Last Earnings8/02/2023Today9/25/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get 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 Forecast$12.91 High Stock Price Forecast$15.50 Low Stock Price Forecast$8.00 Forecasted Upside/Downside+41.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)($0.43) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-101,280,000.00 Net Margins-24.57% Pretax Margin-24.46% Return on Equity-8.81% Return on Assets-2.83% Debt Debt-to-Equity Ratio0.21 Current Ratio1.32 Quick Ratio1.32 Sales & Book Value Annual Sales$316.35 million Price / Sales5.83 Cash FlowN/A Price / Cash FlowN/A Book Value$3.31 per share Price / Book2.76Miscellaneous Outstanding Shares202,150,000Free Float181,326,000Market Cap$1.84 billion OptionableNot Optionable Beta0.62 A Guide To High-Short-Interest StocksMarketBeat'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 ExecutivesMr. Michael Praeger (Age 58)Co-Founder, Chairman & CEO Comp: $1.16MMr. Daniel Drees (Age 54)Pres Comp: $821.95kMr. Joel Wilhite (Age 53)Sr. VP & CFO Comp: $826.35kMs. Angelic Gibson (Age 46)Chief Information Officer & Sr. VP Comp: $679.91kMr. Ryan Stahl (Age 48)Sr. VP, Gen. Counsel & Sec. Comp: $686.74kMr. Chris TinsleyCo-Founder & Sr. Technology AdvisorMr. John FeldmanChief Operating OfficerMs. Melissa Spitzer-JohnsonVP of OperationsSubhaash KumarHead of Investor RelationsMr. Al McMillian Jr.VP of ComplianceMore ExecutivesKey CompetitorsEverCommerceNASDAQ:EVCMQ2NYSE:QTWOForgeRockNYSE:FORGSapiens InternationalNASDAQ:SPNSAlkami TechnologyNASDAQ:ALKTView All CompetitorsInsiders & InstitutionsCalifornia State Teachers Retirement SystemBought 74,434 shares on 8/21/2023Ownership: 0.085%Michael PraegerSold 59,562 sharesTotal: $598,002.48 ($10.04/share)Nuveen Asset Management LLCSold 163,624 shares on 8/16/2023Ownership: 1.320%Michael PraegerSold 25,789 sharesTotal: $260,211.01 ($10.09/share)Daniel DreesSold 11,270 sharesTotal: $113,714.30 ($10.09/share)View All Insider TransactionsView All Institutional Transactions 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 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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