NASDAQ:AVDX AvidXchange (AVDX) Stock Price, News & Analysis → Revolutionizing the Green Energy Space and Building Shareholder Value Along the Way (From Small Cap Sniper) (Ad) Free AVDX Stock Alerts $11.22 0.00 (0.00%) (As of 05/14/2024 ET) Add Compare Share Share Today's Range$11.12▼$11.4550-Day Range$11.14▼$13.1552-Week Range$6.88▼$13.56Volume1.59 million shsAverage Volume1.86 million shsMarket Capitalization$2.32 billionP/E RatioN/ADividend YieldN/APrice Target$13.14 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get AvidXchange alerts: Email Address AvidXchange MarketRank™ Stock AnalysisAnalyst RatingHold2.36 Rating ScoreUpside/Downside17.1% Upside$13.14 Price TargetShort InterestBearish4.62% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.67Based on 21 Articles This WeekInsider TradingSelling Shares$39.08 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($0.02) to $0.13 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.52 out of 5 starsComputer And Technology Sector1132nd out of 1,797 stocksPrepackaged Software Industry394th out of 606 stocks 3.2 Analyst's Opinion Consensus RatingAvidXchange has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 5 buy ratings, 5 hold ratings, and 1 sell rating.Amount of Analyst CoverageAvidXchange has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about AvidXchange's stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted4.62% of the float of AvidXchange has been sold short.Short Interest Ratio / Days to CoverAvidXchange has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in AvidXchange has recently increased by 5.81%, 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 3.1 News and Social Media Coverage News SentimentAvidXchange has a news sentiment score of 0.67. 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 0.51 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 21 news articles for AvidXchange this week, compared to 3 articles on an average week.Search Interest1 people have searched for AVDX on MarketBeat in the last 30 days. MarketBeat FollowsOnly 2 people have added AvidXchange to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% 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 $39,077,190.00 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 Institutions80.58% of the stock of AvidXchange is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about AvidXchange's insider trading history. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for AvidXchange are expected to grow in the coming year, from ($0.02) to $0.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of AvidXchange is -74.80, 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 -74.80, 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 3.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about AvidXchange's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressBiden to Drop BOMBSHELL June 13th?Biden’s days are numbered! According to a former CIA and Pentagon insider… He’s about to drop out of the presidential race on June 13th!Click here now to see his shocking evidence. About AvidXchange Stock (NASDAQ:AVDX)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 the AvidXchange Supplier Hub, which provides supplier insights to cash flow, tools for in-network invoices and payments, and early payment feature. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company serves real estate, community association management, construction, financial services, healthcare facilities, social services, education, hospitality, and media sectors through direct salesforces; strategic channel partnerships; and software and technology business partners. AvidXchange Holdings, Inc. was incorporated in 2000 and is headquartered in Charlotte, North Carolina.Read More AVDX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AVDX Stock News HeadlinesMay 13 at 8:57 PM | seekingalpha.comAvidXchange Holdings, Inc. (AVDX) Q1 2024 Earnings Call TranscriptMay 13 at 3:57 PM | finance.yahoo.comAvidXchange Holdings, Inc. (NASDAQ:AVDX) Q1 2024 Earnings Call TranscriptMay 11 at 12:08 PM | seekingalpha.comAvidXchange Holdings, Inc. 2024 Q1 - Results - Earnings Call PresentationMay 11 at 5:07 AM | markets.businessinsider.comBank of America Securities Reaffirms Their Sell Rating on AvidXchange Holdings (AVDX)May 10, 2024 | markets.businessinsider.comAvidXchange: Strong Buy on Robust Financial Performance and Market PositioningMay 9, 2024 | markets.businessinsider.comAvidXchange Holdings: Hold Rating Maintained Amid Growth Sustainability ConcernsMay 9, 2024 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: SmartRent (SMRT), AvidXchange Holdings (AVDX) and ARM Holdings PLC ADR (ARM)May 9, 2024 | finance.yahoo.comAvidXchange Holdings Inc (AVDX) Q1 2024 Earnings Call Transcript Highlights: Strong Performance ...May 8, 2024 | msn.comAVDX Stock Earnings: AvidXchange Holdings Beats EPS, Beats Revenue for Q1 2024May 8, 2024 | seekingalpha.comAvidXchange beats top-line and bottom-line estimates; updates FY24 outlookMay 8, 2024 | globenewswire.comAvidXchange Announces First Quarter 2024 Financial ResultsApril 18, 2024 | finance.yahoo.comAvidXchange CEO Shares His Vision for Revolutionizing Software-Enabled Payments on Today's MarketplaceApril 16, 2024 | msn.comGoldman Sachs Downgrades AvidXchange Holdings (AVDX)April 15, 2024 | markets.businessinsider.comWhat's Going On With AvidXchange Stock Monday?April 15, 2024 | msn.comAvidXchange cut to Sell at Goldman on potential revenue weaknessApril 10, 2024 | investorplace.comApril's Bargain Bin Beauties: 3 Cheap Stocks With Massive PotentialApril 9, 2024 | globenewswire.comAvidXchange Announces Timing of Its First Quarter 2024 Financial Results Conference Call and WebcastApril 9, 2024 | benzinga.comA Glimpse Into The Expert Outlook On AvidXchange Holdings Through 6 AnalystsMarch 26, 2024 | globenewswire.comAvidXchange Announces Board Additions and TransitionsMarch 22, 2024 | investing.comAvidXchange Holdings executive sells over $500k in company stockMarch 20, 2024 | investorplace.comWall Street's Favorite Russell 2000 Stocks? 3 Names That Could Make You Filthy RichMarch 3, 2024 | seekingalpha.comAvidXchange Holdings: Meeting The Rule Of 40 Benchmark Is Key CatalystMarch 1, 2024 | seekingalpha.comAvidXchange Holdings, Inc. (AVDX) Q4 2023 Earnings Call TranscriptMarch 1, 2024 | finance.yahoo.comAvidXchange Holdings Full Year 2023 Earnings: Beats ExpectationsFebruary 29, 2024 | markets.businessinsider.comPiper Sandler Keeps Their Hold Rating on AvidXchange Holdings (AVDX)See 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 Company Calendar Today5/14/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:AVDX CUSIPN/A CIK1858257 Webwww.avidxchange.com Phone800-560-9305FaxN/AEmployees1,600Year FoundedN/APrice Target and Rating Average Stock Price Target$13.14 High Stock Price Target$16.00 Low Stock Price Target$10.00 Potential Upside/Downside+17.1%Consensus RatingHold Rating Score (0-4)2.36 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.15) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-47,330,000.00 Net Margins-8.10% Pretax Margin-7.78% Return on Equity-1.75% Return on Assets-0.52% Debt Debt-to-Equity Ratio0.20 Current Ratio1.34 Quick Ratio1.34 Sales & Book Value Annual Sales$380.72 million Price / Sales6.09 Cash Flow$0.01 per share Price / Cash Flow916.28 Book Value$3.23 per share Price / Book3.47Miscellaneous Outstanding Shares206,600,000Free Float185,321,000Market Cap$2.32 billion OptionableOptionable Beta1.07 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Michael Praeger (Age 59)Co-Founder, Chairman & CEO Comp: $1.16MMr. Daniel Drees (Age 55)President Comp: $821.95kMr. Joel Wilhite (Age 54)Senior VP & CFO Comp: $826.35kMs. Angelic Gibson (Age 47)Chief Information Officer & Senior VP Comp: $679.91kMr. Ryan Stahl (Age 49)Senior VP, General Counsel & Secretary Comp: $686.74kMr. Chris TinsleyCo-Founder & Senior Technology AdvisorMr. John FeldmanChief Operating OfficerSubhaash KumarHead of Investor RelationsMr. Al McMillian Jr.Vice President of ComplianceMs. Jess AntleVice President of Brand Marketing & CommunicationsMore ExecutivesKey CompetitorsIntappNASDAQ:INTAAppianNASDAQ:APPNAlkami TechnologyNASDAQ:ALKTProgress SoftwareNASDAQ:PRGSSemrushNASDAQ:SEMRView All CompetitorsInsiders & InstitutionsHealthcare of Ontario Pension Plan Trust FundSold 132,595 shares on 5/14/2024Ownership: 0.116%NatixisBought 15,324 shares on 5/14/2024Ownership: 0.007%Advisors Asset Management Inc.Bought 2,114 shares on 5/14/2024Ownership: 0.002%Edgestream Partners L.P.Sold 19,015 shares on 5/11/2024Ownership: 0.008%Vanguard Group Inc.Sold 608,592 shares on 5/10/2024Ownership: 8.372%View All Insider TransactionsView All Institutional Transactions AVDX Stock Analysis - Frequently Asked Questions Should I buy or sell AvidXchange stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AvidXchange in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AVDX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVDX, but not buy additional shares or sell existing shares. View AVDX analyst ratings or view top-rated stocks. What is AvidXchange's stock price target for 2024? 11 analysts have issued 12-month target prices for AvidXchange's shares. Their AVDX share price targets range from $10.00 to $16.00. On average, they expect the company's share price to reach $13.14 in the next twelve months. This suggests a possible upside of 17.1% 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 2024? AvidXchange's stock was trading at $12.39 at the start of the year. Since then, AVDX shares have decreased by 9.4% and is now trading at $11.22. View the best growth stocks for 2024 here. When is AvidXchange's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024. View our AVDX earnings forecast. 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) and WisdomTree Cloud Computing Fund (WCLD).ARK Fintech Innovation ETF (ARKF). What guidance has AvidXchange issued on next quarter's earnings? AvidXchange updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $442.0 million-$448.0 million, compared to the consensus revenue estimate of $447.4 million. When did AvidXchange IPO? AvidXchange (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. Who are AvidXchange's major shareholders? AvidXchange's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.37%), Lord Abbett & CO. LLC (2.46%), TimesSquare Capital Management LLC (0.95%), Sumitomo Mitsui Trust Holdings Inc. (0.91%), Nikko Asset Management Americas Inc. (0.89%) and Jennison Associates LLC (0.88%). Insiders that own company stock include Angelic Gibson, Daniel Drees, James E Hausman, Joel Wilhite, Matthew C Harris, Michael Praeger, Ryan Stahl and Todd Alan Cunningham. 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:AVDX) was last updated on 5/14/2024 by MarketBeat.com Staff From Our PartnersDid Intel Just Dethrone Nvidia?Chaikin AnalyticsCharles Payne Demystifies OptionsUnstoppable ProsperityRevolutionizing the Green Energy Space and Building Shareholder Value Along the WaySmall Cap SniperTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressElon to Transform U.S. Economy? Porter & CompanyThe only AI company you should be looking atBehind the Markets 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. 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