AvidXchange (AVDX) Competitors

AvidXchange (NASDAQ:AVDX) and Elastic (NYSE:ESTC) are both mid-cap computer and technology companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, dividends, valuation, risk, earnings, profitability, media sentiment and institutional ownership.

Do insiders and institutionals hold more shares of AVDX or ESTC?

80.6% of AvidXchange shares are owned by institutional investors. Comparatively, 97.0% of Elastic shares are owned by institutional investors. 11.1% of AvidXchange shares are owned by company insiders. Comparatively, 15.9% of Elastic shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Do analysts recommend AVDX or ESTC?

AvidXchange presently has a consensus target price of $10.04, suggesting a potential upside of 1.17%. Elastic has a consensus target price of $110.60, suggesting a potential upside of 38.31%. Given Elastic's stronger consensus rating and higher possible upside, analysts clearly believe Elastic is more favorable than AvidXchange.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
AvidXchange	2 Sell rating(s)	14 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	1.94
Elastic	0 Sell rating(s)	8 Hold rating(s)	20 Buy rating(s)	1 Strong Buy rating(s)	2.76

Which has stronger valuation and earnings, AVDX or ESTC?

AvidXchange has higher earnings, but lower revenue than Elastic. AvidXchange is trading at a lower price-to-earnings ratio than Elastic, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
AvidXchange	$438.94M	4.69	$8.15M	-$0.05	-198.40
Elastic	$1.48B	5.69	-$108.11M	-$1.05	-76.16

Is AVDX or ESTC more profitable?

AvidXchange has a net margin of -1.80% compared to Elastic's net margin of -7.29%. AvidXchange's return on equity of 1.15% beat Elastic's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
AvidXchange	-1.80%	1.15%	0.39%
Elastic	-7.29%	-4.46%	-1.61%

Which has more risk and volatility, AVDX or ESTC?

AvidXchange has a beta of 1.2, meaning that its share price is 20% more volatile than the S&P 500. Comparatively, Elastic has a beta of 1.07, meaning that its share price is 7% more volatile than the S&P 500.

Does the media prefer AVDX or ESTC?

In the previous week, Elastic had 8 more articles in the media than AvidXchange. MarketBeat recorded 11 mentions for Elastic and 3 mentions for AvidXchange. Elastic's average media sentiment score of 1.12 beat AvidXchange's score of 0.88 indicating that Elastic is being referred to more favorably in the news media.

Company	Very Positive	Positive	Neutral	Negative	Very Negative	Overall Sentiment
AvidXchange	1 Very Positive mention(s)	1 Positive mention(s)	1 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive
Elastic	7 Very Positive mention(s)	1 Positive mention(s)	3 Neutral mention(s)	0 Negative mention(s)	0 Very Negative mention(s)	Positive

Summary

Elastic beats AvidXchange on 11 of the 17 factors compared between the two stocks.