NASDAQ:AVID - Avid Stock Price, Price Target & More

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$4.99 +0.01 (+0.20 %)

(As of 05/23/2018 01:01 PM ET)

Previous Close$4.79

Today's Range$4.79 - $5.00

52-Week Range$3.99 - $7.65

Volume3,915 shs

Average Volume159,741 shs

Market Capitalization$208.76 million

P/E Ratio12.48

Dividend YieldN/A

Beta1.91

About Avid (NASDAQ:AVID)

Avid Technology, Inc. develops, markets, sells, and supports software, hardware, and integrated solutions for video and audio content creation, management, and distribution worldwide. The company's video products and solutions include the Media Composer product line that is used to edit film, television programming, news broadcasts, commercials, and other video content; Avid shared storage systems and Avid Interplay asset management solutions, which provide complete network, storage, and database solutions to enable users to simultaneously share and manage media assets throughout a project or organization. Its audio products and solutions include Pro Tools digital audio software and workstation solutions to facilitate the audio production process, including music and sound creation, recording, editing, signal processing, integrated surround mixing and mastering, and reference video playback; and a range of complementary control surfaces and consoles, including the System 5 and System 6 modular consoles, as well as the VENUE live-sound systems and Sibelius-branded notation software. The company also provides various professional services, such as workflow design and consulting; program and project management; system installation and commissioning; custom development and role-based product level training; public and private training to customers and alliance partners; and service contracts and support plans, 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. It offers its products and solutions to customers in broadcast and media, video and audio post, and professional markets through a network of sales representatives, independent distributors, value-added resellers, dealers, retailers, and digital sales channels. The company was founded in 1987 and is headquartered in Burlington, Massachusetts.

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Industry, Sector and Symbol

Industry Prepackaged software

Sub-IndustryComputer Hardware

SectorComputer and Technology

SymbolNASDAQ:AVID

CUSIP05367P10

Webwww.avid.com

Phone978-640-6789

Debt

Debt-to-Equity Ratio-1.18

Current Ratio0.90

Quick Ratio0.73

Price-To-Earnings

Trailing P/E Ratio12.48

Forward P/E Ratio55.44

P/E GrowthN/A

Sales & Book Value

Annual Sales$419 million

Price / Sales0.49

Cash Flow$0.9345 per share

Price / Cash5.34

Book Value($4.14) per share

Price / Book-1.21

Profitability

EPS (Most Recent Fiscal Year)$0.40

Net Income$-13,550,000.00

Net Margins-4.99%

Return on Equity-2.51%

Return on Assets2.64%

Miscellaneous

Employees1,458

Outstanding Shares41,500,000

Avid (NASDAQ:AVID) Frequently Asked Questions

What is Avid's stock symbol?

Avid trades on the NASDAQ under the ticker symbol "AVID."

How were Avid's earnings last quarter?

Avid (NASDAQ:AVID) issued its earnings results on Thursday, March, 15th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by $0.25. The technology company had revenue of $107.30 million for the quarter, compared to analysts' expectations of $108.53 million. Avid had a negative return on equity of 2.51% and a negative net margin of 4.99%. The business's quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the company posted $0.13 earnings per share. View Avid's Earnings History.

What price target have analysts set for AVID?

1 brokers have issued 12 month price objectives for Avid's shares. Their predictions range from $4.50 to $4.50. On average, they anticipate Avid's share price to reach $4.50 in the next twelve months. View Analyst Ratings for Avid.

Who are some of Avid's key competitors?

Some companies that are related to Avid include Shenzhen Xunlei Networking Technologies (XNET), NCC Group (NCCGF), QAD Inc. Class B (QADB), PowerSteering (UPLD), ConvergeOne (CVON), Bandwidth (BAND), Materialise (MTLS), Polarityte (COOL), Sapiens International (SPNS), Mix Telematics (MIXT), Mobileiron (MOBL), American Software (AMSWA), ChannelAdvisor (ECOM), Magic Software Enterprises (MGIC) and Iclick Interactive Asia Group (ICLK).

Who are Avid's key executives?

Avid's management team includes the folowing people:

Mr. Jeff Rosica, Pres, CEO & Director (Age 56)
Mr. Brian E. Agle, CFO & Sr. VP (Age 55)
Mr. Jason A. Duva, Gen. Counsel, Sr. VP of Strategic Initiatives & Corp. Sec. (Age 45)
Mr. Dana Ruzicka, Chief Product Officer & VP (Age 46)
Mr. Ryan H. Murray, Chief Accounting Officer, VP of Fin. & Corp. Treasurer (Age 41)

Has Avid been receiving favorable news coverage?

News coverage about AVID stock has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avid earned a news sentiment score of 0.14 on Accern's scale. They also assigned media coverage about the technology company an impact score of 45.98 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

Who are Avid's major shareholders?

Avid's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include COVE STREET CAPITAL, LLC (15.19%), Cove Street Capital LLC (15.03%), BlackRock Inc. (4.96%), Dimensional Fund Advisors LP (4.51%), Northern Trust Corp (0.94%) and Millennium Management LLC (0.75%). Company insiders that own Avid stock include John W Frederick, Louis Hernandez, Jr, Paula Boggs, Robert M Bakish and Ryan H Murray. View Institutional Ownership Trends for Avid.

Which major investors are selling Avid stock?

AVID stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Algert Global LLC, California Public Employees Retirement System, Wells Fargo & Company MN and Oppenheimer Asset Management Inc.. View Insider Buying and Selling for Avid.

Which major investors are buying Avid stock?

AVID stock was bought by a variety of institutional investors in the last quarter, including Cove Street Capital LLC, Teton Advisors Inc., Alambic Investment Management L.P., Spark Investment Management LLC, Schwab Charles Investment Management Inc., Dimensional Fund Advisors LP, BlackRock Inc. and Barclays PLC. Company insiders that have bought Avid stock in the last two years include Louis Hernandez, Jr, Paula Boggs and Robert M Bakish. View Insider Buying and Selling for Avid.

How do I buy shares of Avid?

Shares of AVID can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Avid's stock price today?

One share of AVID stock can currently be purchased for approximately $5.00.

How big of a company is Avid?

Avid has a market capitalization of $208.76 million and generates $419 million in revenue each year. The technology company earns $-13,550,000.00 in net income (profit) each year or $0.40 on an earnings per share basis. Avid employs 1,458 workers across the globe.

How can I contact Avid?

Avid's mailing address is 75 NETWORK DRIVE, BURLINGTON MA, 01803. The technology company can be reached via phone at 978-640-6789 or via email at [email protected]

MarketBeat Community Rating for Avid (AVID)

Community Ranking:		2.2 out of 5 ( )
Outperform Votes:		134 (Vote Outperform)
Underperform Votes:		173 (Vote Underperform)
Total Votes:		307

MarketBeat's community ratings are surveys of what our community members think about Avid and other stocks. Vote "Outperform" if you believe AVID will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVID will underperform the S&P 500 over the long term. You may vote once every thirty days.

Avid (NASDAQ:AVID) Price Target and Consensus Rating

(How are Consensus Ratings Calculated?)

1 Wall Street analysts have issued ratings and price targets for Avid in the last 12 months. Their average twelve-month price target is $4.50, suggesting that the stock has a possible downside of 9.82%. The high price target for AVID is $4.50 and the low price target for AVID is $4.50. There are currently 1 sell rating for the stock, resulting in a consensus rating of "Sell."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Sell	Sell	Sell	Hold
Consensus Rating Score:	1.00	1.00	1.00	2.00
Ratings Breakdown:	1 Sell Rating(s) 0 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	1 Sell Rating(s) 0 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	1 Sell Rating(s) 0 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 1 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)
Consensus Price Target:	$4.50	$4.50	$4.50	N/A
Price Target Upside:	9.82% downside	30.77% downside	30.77% downside	N/A

Avid (NASDAQ:AVID) Consensus Price Target History

Price Target History for Avid (NASDAQ:AVID)

Avid (NASDAQ:AVID) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
12/7/2017	Dougherty & Co	Downgrade	Neutral ➝ Sell	$4.50	Medium
1/31/2017	BWS Financial	Downgrade	Buy ➝ Hold		N/A

(Data available from 5/23/2016 forward)

Avid (NASDAQ:AVID) Earnings History and Estimates Chart

Earnings by Quarter for Avid (NASDAQ:AVID)

Avid (NASDAQ:AVID) Earnings Estimates

2018 EPS Consensus Estimate: $0.45

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2018	1	$0.11	$0.11	$0.11
Q2 2018	1	$0.05	$0.05	$0.05
Q3 2018	1	$0.14	$0.14	$0.14
Q4 2018	1	$0.15	$0.15	$0.15

Avid (NASDAQ AVID) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
3/15/2018	Q4 17	$0.23	($0.02)	$108.53 million	$107.30 million	View	Listen
11/9/2017	Q3 2017	$0.03	$0.04	$102.63 million	$105.27 million	View	N/A
8/3/2017	Q2 2017	$0.03	$0.03	$99.37 million	$102.37 million	View	N/A
5/10/2017	Q1 17	$0.05	$0.02	$105.72 million	$104.10 million	View	N/A
3/23/2017	Q4 2016		$0.27	$113.27 million	$115.30 million	View	N/A
11/9/2016	Q3 2016		$0.42	$128.58 million	$119.02 million	View	N/A
8/3/2016	Q2 2016		$0.40	$108.50 million	$134.07 million	View	N/A
5/4/2016	Q1 2016		$0.65	$142.46 million	$143.55 million	View	N/A
3/15/2016	Q415	$0.36	($0.11)	$144.02 million	$140.00 million	View	Listen
11/5/2015	Q3 2015	$0.49	$0.41	$127.23 million	$137.44 million	View	N/A
8/10/2015	Q215	$0.20	$0.05	$124.74 million	$109.80 million	View	N/A
5/7/2015	Q1 2015		$0.12	$132.27 million	$119.59 million	View	N/A
3/16/2015	Q414	$0.22	$0.06	$141.67 million	$128.20 million	View	N/A
11/13/2014	Q3 2014		$0.59		$142.43 million	View	N/A
10/20/2014	Q2 2014		$0.11		$124.64 million	View	N/A
9/23/2014	Q1 2014		$0.35		$134.98 million	View	N/A
10/29/2012	Q312	($0.08)	($0.08)	$133.09 million	$127.20 million	View	N/A
7/30/2012		($0.07)	($0.11)			View	N/A
4/26/2012		($0.22)	($0.24)			View	N/A
2/7/2012		$0.15	$0.38			View	N/A
10/27/2011		$0.03	$0.01			View	N/A
7/21/2011		$0.08	$0.10			View	N/A
4/21/2011		$0.08	($0.02)			View	N/A
2/4/2011		$0.08	$0.37			View	N/A
10/21/2010	Q3 2010	($0.10)	($0.05)			View	N/A
7/22/2010	Q2 2010	($0.20)	($0.15)			View	N/A
4/22/2010	Q1 2010	($0.19)	($0.21)			View	N/A
1/28/2010	Q4 2009	($0.01)	($0.13)			View	N/A
10/22/2009	Q3 2009	($0.07)	($0.10)			View	N/A
7/23/2009	Q2 2009	($0.20)	($0.23)			View	N/A
4/23/2009	Q1 2009	($0.34)	($0.26)			View	N/A
1/29/2009	Q4 2008	($0.10)	($0.34)			View	N/A
10/23/2008	Q3 2008	$0.07	($0.24)			View	N/A
7/24/2008	Q2 2008	($0.16)	($0.12)			View	N/A
4/24/2008	Q1 2008	($0.11)	($0.35)			View	N/A
1/31/2008	Q4 2007	$0.43	$0.33			View	N/A

(Earnings results data provided by Zacks Investment Research)

Avid (NASDAQ:AVID) Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date

(Data available from 1/1/2013 forward)

Avid (NASDAQ AVID) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 7.90%
Institutional Ownership Percentage: 70.98%

Insider Trading History for Avid (NASDAQ:AVID)

Avid (NASDAQ AVID) Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
12/7/2017	Robert M Bakish	Director	Buy	20,000	$6.00	$120,000.00	693,058
12/5/2017	Robert M Bakish	Director	Buy	20,000	$6.69	$133,800.00	693,058
6/14/2017	Louis Hernandez, Jr.	CEO	Buy	136,653	$4.99	$681,898.47
6/13/2017	Louis Hernandez, Jr.	CEO	Buy	141,447	$5.00	$707,235.00
6/2/2017	Ryan H. Murray	Insider	Sell	9,500	$5.13	$48,735.00
8/16/2016	John W Frederick	CFO	Sell	457,506	$9.09	$4,158,729.54	128,852
6/2/2016	Paula Boggs	Director	Buy	16,500	$6.15	$101,475.00	27,183
5/17/2016	Louis Hernandez Jr	CEO	Buy	69,000	$5.97	$411,930.00	516,707
5/16/2016	Louis Hernandez Jr	CEO	Buy	100,000	$5.80	$580,000.00	516,707
5/10/2016	Ilan Sidi	CFO	Buy	10,000	$5.67	$56,700.00	53,867
5/9/2016	Louis Hernandez Jr	CEO	Buy	150,000	$5.76	$864,000.00	523,201
5/9/2016	Ryan H Murray	Insider	Buy	9,263	$5.57	$51,594.91	14,742
11/10/2015	Robert M Bakish	Director	Buy	40,000	$6.14	$245,600.00	632,276
10/12/2015	Aiv A L.P. Bcp III	Major Shareholder	Sell	100,000	$8.49	$849,000.00
10/8/2015	Aiv A L.P. Bcp III	Major Shareholder	Sell	189,300	$8.27	$1,565,511.00
10/5/2015	Aiv A L.P. Bcp III	Major Shareholder	Sell	31,303	$8.02	$251,050.06
9/30/2015	Aiv A L.P. Bcp III	Major Shareholder	Sell	250,778	$8.01	$2,008,731.78
9/15/2015	George H Billings	Director	Buy	10,000	$8.70	$87,000.00	56,776
8/25/2015	Robert M Bakish	Director	Buy	100,000	$7.99	$799,000.00	592,276
8/13/2015	John W Frederick	CFO	Buy	10,000	$9.70	$97,000.00
8/13/2015	Louis Hernandez Jr	CEO	Buy	20,000	$9.42	$188,400.00
6/3/2015	George H Billings	Director	Buy	10,000	$17.84	$178,400.00
5/27/2015	Robert M Bakish	Director	Buy	50,000	$16.97	$848,500.00
5/20/2015	Robert M Bakish	Director	Buy	50,000	$16.14	$807,000.00
5/12/2015	Robert M Bakish	Director	Buy	100,000	$15.33	$1,533,000.00
12/4/2014	Robert M Bakish	Director	Buy	57,000	$13.94	$794,580.00
12/2/2014	Robert M Bakish	Director	Buy	62,000	$12.67	$785,540.00
11/26/2014	Robert M Bakish	Director	Buy	30,000	$12.13	$363,900.00
11/25/2014	Robert M Bakish	Director	Buy	60,000	$12.11	$726,600.00
11/21/2014	Robert M Bakish	Director	Buy	40,000	$11.44	$457,600.00
12/10/2012	Robert M Bakish	Director	Buy	10,000	$6.82	$68,200.00
11/28/2012	Robert M Bakish	Director	Buy	10,000	$6.28	$62,800.00

(Data available from 1/1/2013 forward)

Avid (NASDAQ AVID) News Headlines

Source:

Date	Headline
	BRIEF-Avid Technology says On May 10, Unit Entered Into Fourth Amendment To Existing Agreement www.reuters.com - May 16 at 8:50 AM
	Avid Technology, Inc. 2018 Q1 - Results - Earnings Call Slides seekingalpha.com - May 11 at 5:29 PM
	Zacks: Avid (AVID) Given Consensus Rating of "Sell" by Analysts www.americanbankingnews.com - May 11 at 2:55 PM
	Avid Tech +1.2% despite Q1 revenue miss, in-line guide seekingalpha.com - May 11 at 9:04 AM
	Avid's (AVID) CEO Jeff Rosica on Q1 2018 Results - Earnings Call Transcript seekingalpha.com - May 11 at 9:04 AM
	Avid: 1Q Earnings Snapshot finance.yahoo.com - May 11 at 9:04 AM
	Avid EPS of -$0.22 seekingalpha.com - May 10 at 5:30 PM
	Avid's Board Elects Peter Westley As Chairman - Quick Facts www.nasdaq.com - May 10 at 5:30 PM
	Avid Technology Announces Q1 2018 Results and Issues Q2 2018 Guidance finance.yahoo.com - May 10 at 5:30 PM
	Avid Collector Announces His Search For Original 1958 Alan Freed Big Beat Boxing Style Concert Posters www.streetinsider.com - May 5 at 8:50 AM
	$0.11 Earnings Per Share Expected for Avid (AVID) This Quarter www.americanbankingnews.com - May 5 at 3:20 AM
	Avid (AVID) Downgraded by ValuEngine www.americanbankingnews.com - April 26 at 2:04 PM
	Avid Transforms TV News Production for RTS Senegal Africa finance.yahoo.com - April 26 at 8:34 AM
	The Victims of the Toronto Van Attack Include a Grandmother and an Avid Volunteer www.msn.com - April 25 at 8:37 AM
	Canada van victims include grandmother, avid volunteer www.foxnews.com - April 25 at 8:37 AM
	Golf Advisor Expands Travel Content To Better Serve The Avid Traveling Golfer finance.yahoo.com - April 24 at 5:20 PM
	Brokerages Set $4.75 Price Target for Avid (AVID) www.americanbankingnews.com - April 24 at 3:12 PM
	Avid Bio expanding capacity, three new customers on board; shares up 10% seekingalpha.com - April 24 at 11:10 AM
	BRIEF-Avid Bioservices Provides Update On Ongoing Expansion Of Process Development Capabilities And Laboratory Infrastructure www.reuters.com - April 24 at 8:39 AM
	Zacks: Brokerages Expect Avid (AVID) Will Post Earnings of $0.11 Per Share www.americanbankingnews.com - April 18 at 1:14 AM
	Should You Buy Avid Technology Inc (NASDAQ:AVID)? finance.yahoo.com - April 14 at 8:46 AM
	Avid (AVID) Lifted to "Buy" at ValuEngine www.americanbankingnews.com - April 12 at 10:18 PM
	Patriots tight end Rob Gronkowski's home robbery on the night of Super Bowl loss reveals he's an avid coin collector www.msn.com - April 12 at 9:15 AM
	Zacks: Avid (AVID) Receives Consensus Rating of "Sell" from Analysts www.americanbankingnews.com - April 9 at 1:19 PM
	Avid Unveils Workflow Solutions to Accelerate Ultra-High Definition Sports Content Creation and Delivery www.nasdaq.com - April 8 at 9:55 AM
	Avid Unveils Groundbreaking Unified Platform for Live Sound Mixing feeds.benzinga.com - April 7 at 1:16 PM
	Avid Unveils Avid NEXIS \| E5 NL Nearline Storage Solution feeds.benzinga.com - April 7 at 1:16 PM
	Bowhead whales not only singers, but avid composers too www.msn.com - April 4 at 8:43 AM
	ValuEngine Lowers Avid (AVID) to Hold www.americanbankingnews.com - April 4 at 12:02 AM
	Avid (AVD) Presents At Sidoti & Company Spring 2018 Conference - Slideshow seekingalpha.com - April 2 at 5:10 PM
	Moving Average Crossover Alert: Avid Technology, Inc. (AVID) www.zacks.com - April 2 at 9:05 AM
	Avid Collector Announces His Search For Original 1963-1966 Rolling Stones Boxing Style Concert Posters www.streetinsider.com - April 1 at 8:42 AM
	Zacks: Brokerages Expect Avid (AVID) to Announce $0.11 EPS www.americanbankingnews.com - April 1 at 3:08 AM
	Analysts Anticipate Avid (AVID) to Announce $0.11 EPS www.americanbankingnews.com - March 25 at 9:22 AM
	Avid Bioservices Receives Six 2018 CMO Leadership Awards globenewswire.com - March 22 at 8:51 AM
	Avid (AVID) Downgraded by Zacks Investment Research to Strong Sell www.americanbankingnews.com - March 21 at 5:33 PM
	Q1 2018 Earnings Estimate for Avid Issued By Dougherty & Co (AVID) www.americanbankingnews.com - March 21 at 7:20 AM
	Dougherty & Co Weighs in on Avid's FY2019 Earnings (AVID) www.americanbankingnews.com - March 20 at 3:02 PM
	Report: Developing Opportunities within INTL FCStone, Alarm, American Financial Group, Tech Data, Mack-Cali Realty, and Avid Technology — Future Expectations, Projections Moving into 2018 finance.yahoo.com - March 19 at 8:46 AM
	Avid Technology, Inc. 2017 Q4 - Results - Earnings Call Slides seekingalpha.com - March 16 at 8:47 AM
	Avid reports 4Q loss finance.yahoo.com - March 16 at 8:47 AM
	Earnings Outlook For Avid Technology finance.yahoo.com - March 15 at 5:45 PM
	Avid Technology Announces Q4 and Full Year 2017 Results and Issues Q1 and Full Year 2018 Guidance finance.yahoo.com - March 15 at 5:45 PM
	Avid Technology, Inc. to Host Earnings Call finance.yahoo.com - March 15 at 5:45 PM
	Avid Technology (AVID) Issues Earnings Results, Misses Expectations By $0.25 EPS www.americanbankingnews.com - March 15 at 5:21 PM
	Avid Reveals Powerful Speaker Line-up at Avid Connect 2018 to Explore Innovation in Action Across Media and Entertainment finance.yahoo.com - March 14 at 6:38 PM
	Avid Sports Solutions Embraced by Top Collegiate Athletic Programs Across the Country finance.yahoo.com - March 13 at 8:52 AM
	Financial Analysis: Immersion (IMMR) vs. Avid Technology (AVID) www.americanbankingnews.com - March 10 at 1:36 PM
	Avid Upgrades MTV3’s News Production Infrastructure finance.yahoo.com - March 9 at 8:51 AM
	Avid Technology Announces Conference Call to Discuss Fourth Quarter 2017 Financial Results finance.yahoo.com - March 8 at 6:13 PM

Avid (NASDAQ:AVID) SEC Filings

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Avid (NASDAQ:AVID) Income Statement, Balance Sheet and Cash Flow Statement

Avid (NASDAQ AVID) Stock Chart for Wednesday, May, 23, 2018

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This page was last updated on 5/23/2018 by MarketBeat.com Staff