NASDAQ:AVID

Avid Technology - AVID Stock Forecast, Price & News

$29.42

+0.12 (+0.41%)

(As of 12/2/2022 12:00 AM ET)

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Today's Range: $28.14
▼
$29.50
50-Day Range: $21.28
▼
$29.42
52-Week Range: $20.83
▼
$37.31

Volume: 265,800 shs
Average Volume: 413,283 shs
Market Capitalization: $1.29 billion

P/E Ratio: 29.72
Dividend Yield: N/A
Price Target: $37.20

Avid Technology MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 26.4% Upside
$37.20 Price Target
Short Interest: Healthy
5.16% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.45
Upright™ Environmental Score
News Sentiment: 1.22
Based on 9 Articles This Week
Insider Trading: Selling Shares
$836,386 Sold Last Quarter
Proj. Earnings Growth: 19.09%
From $1.10 to $1.31 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.09 out of 5 stars

Computer And Technology Sector

15th out of 640 stocks

Prepackaged Software Industry

8th out of 221 stocks

3.4

Analyst's Opinion

Consensus Rating
Avid Technology has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.20, Avid Technology has a forecasted upside of 26.4% from its current price of $29.42.
Amount of Analyst Coverage
Avid Technology has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
5.16% of the float of Avid Technology has been sold short.
Short Interest Ratio / Days to Cover
Avid Technology 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 month
Short interest in Avid Technology has recently decreased by 17.53%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Avid Technology does not currently pay a dividend.
Dividend Growth
Avid Technology does not have a long track record of dividend growth.

4.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Avid Technology has received a 56.56% net impact score from Upright. Avid Technology seems to create the most significant positive value in categories "Taxes", "Jobs", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Audio mixers", "Digital audio workstations", "Software effect processors", and "Digital audio workstation software" products. See details.
Environmental Sustainability
The Environmental Impact score for Avid Technology is -0.45.

4.0

News and Social Media Coverage

News Sentiment
Avid Technology has a news sentiment score of 1.22. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Avid Technology this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for AVID on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Avid Technology to their MarketBeat watchlist in the last 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Avid Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $836,386.00 in company stock.
Percentage Held by Insiders
Only 6.70% of the stock of Avid Technology is held by insiders.
Percentage Held by Institutions
80.99% of the stock of Avid Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Avid Technology are expected to grow by 19.09% in the coming year, from $1.10 to $1.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Avid Technology is 29.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Avid Technology is 29.72, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 376.11.

See Top Rated MarketRank™ Stocks Here

About Avid Technology (NASDAQ:AVID) Stock

Avid Technology, Inc., together with its subsidiaries, develops, markets, sells, and supports software and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer, a cloud-enabled solution used to edit video content; Avid NEXIS shared storage systems; Maestro solutions for the integration of virtual sets, augmented reality, and video wall control into existing workflows; AirSpeed 5000 and AirSpeed 5500 on-air server solutions; and MediaCentral, a media production suite. Its audio products and solutions comprise Pro Tools digital audio software solutions to facilitate the audio production process; Sibelius solution to create, edit, and publish musical scores; S6 line of complementary control surfaces and consoles; S1 and S4 audio control surfaces; and VENUE | S6L live sound system for mixing audio for live sound reinforcement. The company also provides Avid Link, a mobile application to connect with other artists, producers, mixers, composers, editors, videographers, movie makers, and graphic designers; FastServe video server that assists broadcasters in making the move to UHD and IP based workflows with a new and modular architecture; and hardware products, such as I/O devices, interfaces, and audio and video processing equipment. In addition, it offers various maintenance contracts and support services; professional services, such as workflow design and consulting, program and project management, system installation and commissioning, and custom development and role-based product level training; and public and private training to customers and alliance partners, as well as develops and licenses curriculum content for use by third party Avid Learning partners to deliver training to customers, users, and alliance partners. The company was incorporated in 1987 and is headquartered in Burlington, Massachusetts.

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AVID Stock News Headlines

December 1, 2022 | americanbankingnews.com

Avid Technology (NASDAQ:AVID) Stock Price Down 3%

November 30, 2022 | tmcnet.com

Denmark's Regional Broadcaster TV MIDTVEST Extends Strategic Engagement with Avid through MediaCentral | Flex Subscription

November 30, 2022 | finance.yahoo.com

Denmark’s Regional Broadcaster TV MIDTVEST Extends Strategic Engagement with Avid through MediaCentral | Flex Subscription

November 28, 2022 | finance.yahoo.com

Avid Promotes Technology Services Executive Deb Sanders to Chief Customer Officer

November 24, 2022 | benzinga.com

Massive Insider Trade At Avid Technology

November 16, 2022 | finance.yahoo.com

Avid Technology to Participate in Upcoming Investor Conferences

November 13, 2022 | finance.yahoo.com

Avid Outlines Official Product Support and Self-Help Resources to Help Users Avoid Imposter Activity on Twitter

November 10, 2022 | finance.yahoo.com

Avid Technology Third Quarter 2022 Earnings: EPS Beats Expectations, Revenues Lag

November 9, 2022 | markets.businessinsider.com

Planet Fitness To Surge Over 25%? Plus Morgan Stanley Cuts PT On This Stock By 50%

November 9, 2022 | seekingalpha.com

Avid Technology, Inc. (AVID) Q3 2022 Earnings Call Transcript

November 8, 2022 | finance.yahoo.com

Avid Technology (AVID) Surpasses Q3 Earnings Estimates

November 8, 2022 | finance.yahoo.com

Avid Technology Announces Q3 2022 Results

October 26, 2022 | money.usnews.com

Avid Technology, Inc.

October 25, 2022 | nasdaq.com

Avid Technology Shares Cross Above 200 DMA

October 25, 2022 | finance.yahoo.com

Avid Technology Announces Conference Call to Discuss Third Quarter 2022 Financial Results

October 25, 2022 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And Avid Technology (NASDAQ:AVID) Passed With Ease

October 19, 2022 | finance.yahoo.com

Avid Celebrates the Return of Its Immensely Popular MBOX Desktop Interface to Enable Professional-Quality Music and Audio Creation and Recording at Home

October 19, 2022 | finance.yahoo.com

Avid Unveils Further Innovation for Music Creation with Sonically Exceptional Pro Tools | Carbon Pre Audio Interface

October 13, 2022 | finance.yahoo.com

Avid Technology Announces Amended Credit Facility Which Provides Incremental Flexibility to Support its Strategy and Growth Plans

October 10, 2022 | finance.yahoo.com

AVID Launches Pro Tools Intro Artist for New Music Makers

October 10, 2022 | finance.yahoo.com

TOMI to Install Custom Engineered Integrated iHP System in Avid Bioservices, Inc. Viral Vector Manufacturing Facility in California

October 7, 2022 | nasdaq.com

Avid Technology, Inc.'s (NASDAQ:AVID) Intrinsic Value Is Potentially 67% Above Its Share Price

October 7, 2022 | finance.yahoo.com

Avid Unveils Pro Tools Intro to Excite a New Generation of Music Makers

October 3, 2022 | finance.yahoo.com

AVID Introduces Pro Tools Upgrades for the Music Community

September 28, 2022 | benzinga.com

Avid's Newest Pro Tools Software Release Propels Music Creativity and Productivity to New Heights for All Users

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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AVID Company Calendar

Last Earnings: 11/08/2022
Today: 12/02/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 3/07/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Computer Hardware
Sector: Computer and Technology
Current Symbol: NASDAQ:AVID
CUSIP: 05367P10
CIK: 896841
Web: www.avid.com
Phone: (978) 640-6789
Fax: 978-640-3366
Employees: 1,405
Year Founded: 1987

Price Target and Rating

Average Stock Price Forecast: $37.20
High Stock Price Forecast: $53.00
Low Stock Price Forecast: $28.00
Forecasted Upside/Downside: +26.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.99
Trailing P/E Ratio: 29.72
Forward P/E Ratio: 26.75
P/E Growth: N/A
Net Income: $41.39 million
Net Margins: 10.75%
Pretax Margin: 11.21%
Return on Equity: -37.85%
Return on Assets: 20.06%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.86
Quick Ratio: 0.73

Sales & Book Value

Annual Sales: $409.94 million
Price / Sales: 3.14
Cash Flow: $1.20 per share
Price / Cash Flow: 24.46
Book Value: ($3.24) per share
Price / Book: -9.08

Miscellaneous

Outstanding Shares: 43,691,000
Free Float: 40,764,000
Market Cap: $1.29 billion
Optionable: Optionable
Beta: 1.20

Social Links

Key Executives

Mr. Jeff Rosica (Age 60)
Pres, CEO & Director
Comp: $1.25M

Mr. Kenneth L. Gayron (Age 52)
Exec. VP, CFO, Principal Financial Officer & Corp. Treasurer
Comp: $620.82k

Mr. Kevin W. Riley (Age 51)
CTO & Sr. VP
Comp: $619.58k

Mr. Tom J. A. Cordiner (Age 52)
Chief Revenue Officer & Sr. VP
Comp: $803.54k

Mr. Dave Perillo
Sr. VP of Operations & Supply Chain

Ms. Mariesa Victoria
VP, Chief Accounting Officer & Principal Accounting Office

Mr. Whit Rappole
VP of Corp. Devel. & Investor Relations

Ms. Alessandra Melloni
Corp. Sec., Gen. Counsel, Chief Ethics and Compliance Officer & Sr. VP

Ms. Joyce Butler
Chief HR Officer & SVP

Mr. Peter M. Ennis
Sr. VP of Global Services & Support

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AVID Stock - Frequently Asked Questions

Should I buy or sell Avid Technology stock right now?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avid Technology in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AVID shares.
View AVID analyst ratings or view top-rated stocks.
What is Avid Technology's stock price forecast for 2023?: 4 brokers have issued 1-year price targets for Avid Technology's shares. Their AVID share price forecasts range from $28.00 to $53.00. On average, they predict the company's stock price to reach $37.20 in the next year. This suggests a possible upside of 26.4% from the stock's current price.
View analysts price targets for AVID or view top-rated stocks among Wall Street analysts.
How have AVID shares performed in 2022?: Avid Technology's stock was trading at $32.57 at the start of the year. Since then, AVID stock has decreased by 9.7% and is now trading at $29.42.
View the best growth stocks for 2022 here.
Are investors shorting Avid Technology?: Avid Technology saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 2,070,000 shares, a decrease of 17.5% from the October 31st total of 2,510,000 shares. Based on an average daily volume of 609,900 shares, the short-interest ratio is currently 3.4 days. Approximately 5.2% of the shares of the company are short sold.
View Avid Technology's Short Interest.
When is Avid Technology's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our AVID earnings forecast.
How were Avid Technology's earnings last quarter?: Avid Technology, Inc. (NASDAQ:AVID) released its quarterly earnings results on Tuesday, November, 8th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The technology company had revenue of $102.99 million for the quarter, compared to analysts' expectations of $105.35 million. Avid Technology had a negative trailing twelve-month return on equity of 37.85% and a net margin of 10.75%.
What guidance has Avid Technology issued on next quarter's earnings?: Avid Technology updated its FY22 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of $1.40-1.50 for the period, compared to the consensus EPS estimate of $1.44. The company issued revenue guidance of $412-424 million, compared to the consensus revenue estimate of $434.27 million.

What other stocks do shareholders of Avid Technology own?: 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).
What is Avid Technology's stock symbol?: Avid Technology trades on the NASDAQ under the ticker symbol "AVID."
Who are Avid Technology's major shareholders?: Avid Technology's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.38%), Royce & Associates LP (5.97%), Vanguard Group Inc. (5.70%), Dimensional Fund Advisors LP (2.84%), State Street Corp (2.72%) and Portolan Capital Management LLC (2.00%). 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.
How do I buy shares of Avid Technology?: 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.
What is Avid Technology's stock price today?: One share of AVID stock can currently be purchased for approximately $29.42.
How much money does Avid Technology make?: Avid Technology (NASDAQ:AVID) has a market capitalization of $1.29 billion and generates $409.94 million in revenue each year. The technology company earns $41.39 million in net income (profit) each year or $0.99 on an earnings per share basis.
How many employees does Avid Technology have?: The company employs 1,405 workers across the globe.
Does Avid Technology have any subsidiaries?: The following companies are subsidiares of Avid Technology: AVID CV LLC, AVID DEVELOPMENT GMBH, AVID GENERAL PARTNER B.V., AVID NORDIC A.B., AVID NORTH ASIA LIMITED, AVID SYSTEMS, AVID TECHNOLOGY (AUSTRALIA) PTY LTD, AVID TECHNOLOGY (BEIJING) CO., AVID TECHNOLOGY (INDIA) PRIVATE LIMITED, AVID TECHNOLOGY (S.E. ASIA) PTE LTD, AVID TECHNOLOGY C.V., AVID TECHNOLOGY CANADA CORP., AVID TECHNOLOGY EUROPE LIMITED, AVID TECHNOLOGY GMBH, AVID TECHNOLOGY HOLDING B.V., AVID TECHNOLOGY HOLDING GMBH, AVID TECHNOLOGY INTERNATIONAL B.V., AVID TECHNOLOGY K.K., AVID TECHNOLOGY MEXICO, AVID TECHNOLOGY S.A.R.L., AVID TECHNOLOGY S.L., AVID TECHNOLOGY SERVICES TAIWAN CO., AVID TECHNOLOGY WORLDWIDE, BLUE ORDER TECHNOLOGIES GMBH, Blue Order Solutions, DIGIDESIGN ITALY S.R.L., EUPHONIX EUROPE LIMITED, Euphonix, GETRIS SAS, INTEGRATED BROADCAST SERVICES LIMITED (IBIS), IVSM LIMITED, JIM LTD., Maximum Throughput, Medea, ORAD HI-TEC SYSTEMS (NORTH ASIA) LIMITED, ORAD HI-TEC SYSTEMS DEUTSCHLAND GMBH, ORAD HI-TEC SYSTEMS IBERIA SL, ORAD HI-TEC SYSTEMS LTD., ORAD HI-TEC SYSTEMS POLAND SP. Z.O.O, ORAD INC., ORAD NETHERLANDS B.V., ORADNET LTD., Orad Hi-Tech Systems, Pinnacle Systems, Rocket Network, Sibelius, Sundance Digital, and Wizoo.
Read More
How can I contact Avid Technology?: Avid Technology's mailing address is 75 NETWORK DRIVE, BURLINGTON MA, 01803. The official website for the company is www.avid.com. The technology company can be reached via phone at (978) 640-6789, via email at ir@avid.com, or via fax at 978-640-3366.

This page (NASDAQ:AVID) was last updated on 12/3/2022 by MarketBeat.com Staff

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