Avid Technology Stock Price, News & Analysis (NASDAQ:AVID)

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AVID shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVID, but not buy additional shares or sell existing shares.
View AVID analyst ratings or view top-rated stocks.

6 brokerages have issued 1-year price objectives for Avid Technology's shares. Their AVID share price targets range from $27.00 to $38.00. On average, they expect the company's stock price to reach $29.22 in the next twelve months. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for AVID or view top-rated stocks among Wall Street analysts.

Avid Technology's stock was trading at $26.59 on January 1st, 2023. Since then, AVID stock has increased by 1.7% and is now trading at $27.04.
View the best growth stocks for 2023 here.

Avid Technology, Inc. (NASDAQ:AVID) released its earnings results on Monday, November, 6th. The technology company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of $0.40 by $0.57. The technology company had revenue of $91.01 million for the quarter, compared to the consensus estimate of $115.37 million. Avid Technology had a net margin of 7.59% and a negative trailing twelve-month return on equity of 27.20%.

MUSQ Global Music Industry ETF holds 4,585 shares of AVID stock, representing 1.71% of its portfolio.

Based on aggregate information from My MarketBeat watchlists, some companies that other Avid Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), OPKO Health (OPK), QUALCOMM (QCOM), Block (SQ), Boeing (BA), Marvell Technology (MRVL), Walt Disney (DIS), Micron Technology (MU) and Cisco Systems (CSCO).

Avid Technology's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (7.73%), JPMorgan Chase & Co. (1.52%), Tokio Marine Asset Management Co. Ltd. (1.02%), Gabelli Funds LLC (0.83%), Northern Trust Corp (0.82%) and Herald Investment Management Ltd (0.74%). Insiders that own company stock include Christian Asmar, Dana Ruzicka, Kenneth L Gayron, Marketing Services SAS Total, Nancy Hawthorne, Robert M Bakish, Robert M Bakish, Timothy Claman and Tom J A Cordiner.
View institutional ownership trends.

Shares of AVID 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.