Should I buy or sell AvidXchange stock right now?

11 Wall Street equities 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 equities 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 equities research analysts have issued 1 year target prices for AvidXchange's stock. Their AVDX share price targets range from $10.00 to $16.00. On average, they predict the company's share price to reach $13.07 in the next twelve months. This suggests a possible upside of 15.0% 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 8.3% and is now trading at $11.36. 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, May 8th 2024. View our AVDX earnings forecast .

How can I listen to AvidXchange's earnings call?

AvidXchange will be holding an earnings conference call on Wednesday, May 8th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link .

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 issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $441.0 million-$447.0 million, compared to the consensus revenue estimate of $444.3 million.

When did AvidXchange IPO?

AvidXchange (AVDX) raised $581 million in an initial public offering on Wednesday, October 13th 2021. The company issued 26,400,000 shares at $21.00-$23.00 per share.

Who are AvidXchange's major shareholders?

AvidXchange's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management (0.01%). 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 .

NASDAQ:AVDX

AvidXchange (AVDX) Stock Price, News & Analysis

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$11.36

+0.03 (+0.26%)

(As of 04/17/2024 ET)

Compare

Today's Range: $11.30
▼
$11.51
50-Day Range: $11.14
▼
$13.29
52-Week Range: $6.88
▼
$13.56

Volume: 891,491 shs
Average Volume: 1.85 million shs
Market Capitalization: $2.32 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $13.07

Get AvidXchange alerts:

AvidXchange MarketRank™ Stock Analysis

Analyst Rating: Hold
2.36 Rating Score
Upside/Downside: 15.0% Upside
$13.07 Price Target
Short Interest: Healthy
4.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.09
Based on 11 Articles This Week
Insider Trading: Selling Shares
$39.08 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.02) to $0.13 Per Share

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.

2.76 out of 5 stars

Computer And Technology Sector

324th out of 587 stocks

Prepackaged Software Industry

106th out of 195 stocks

3.2

Analyst's Opinion

Consensus Rating
AvidXchange 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 Coverage
AvidXchange has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
4.89% of the float of AvidXchange has been sold short.
Short Interest Ratio / Days to Cover
AvidXchange has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in AvidXchange has recently decreased by 7.98%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

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

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AVDX.

2.3

News and Social Media Coverage

News Sentiment
AvidXchange has a news sentiment score of 0.09. 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 lower news sentiment than the 0.45 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for AvidXchange this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for AVDX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
3 people have added AvidXchange to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In 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 Insiders
10.30% 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 Institutions
80.58% of the stock of AvidXchange is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for AvidXchange are expected to grow in the coming year, from ($0.02) to $0.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of AvidXchange is -49.39, 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. Sector
The P/E ratio of AvidXchange is -49.39, 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 Ratio
AvidXchange has a P/B Ratio of 3.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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.

AVDX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AVDX Stock News Headlines

March 23, 2024 | insidertrades.com

Insider Selling: AvidXchange Holdings, Inc. (NASDAQ:AVDX) President Sells 17,604 Shares of Stock

March 21, 2024 | insidertrades.com

AvidXchange Holdings, Inc. (NASDAQ:AVDX) Insider Angelic Gibson Sells 40,000 Shares

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 20, 2024 | insidertrades.com

AvidXchange Holdings, Inc. (NASDAQ:AVDX) Insider Ryan Stahl Sells 4,217 Shares

March 20, 2024 | insidertrades.com

AvidXchange Holdings, Inc. (NASDAQ:AVDX) Insider Sells $1,672,020.24 in Stock

April 16, 2024 | msn.com

Goldman Sachs Downgrades AvidXchange Holdings (AVDX)

April 16, 2024 | americanbankingnews.com

AvidXchange (NASDAQ:AVDX) Given Sell Rating at The Goldman Sachs Group

April 16, 2024 | americanbankingnews.com

AvidXchange (NASDAQ:AVDX) Shares Gap Down on Analyst Downgrade

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What's Going On With AvidXchange Stock Monday?

April 15, 2024 | msn.com

AvidXchange cut to Sell at Goldman on potential revenue weakness

April 14, 2024 | americanbankingnews.com

Piper Sandler Lowers AvidXchange (NASDAQ:AVDX) Price Target to $12.00

April 10, 2024 | investorplace.com

April's Bargain Bin Beauties: 3 Cheap Stocks With Massive Potential

April 10, 2024 | americanbankingnews.com

AvidXchange (NASDAQ:AVDX) Now Covered by Analysts at Keefe, Bruyette & Woods

April 9, 2024 | globenewswire.com

AvidXchange Announces Timing of Its First Quarter 2024 Financial Results Conference Call and Webcast

April 9, 2024 | benzinga.com

A Glimpse Into The Expert Outlook On AvidXchange Holdings Through 6 Analysts

March 26, 2024 | globenewswire.com

AvidXchange Announces Board Additions and Transitions

March 22, 2024 | investing.com

AvidXchange Holdings executive sells over $500k in company stock

March 20, 2024 | investorplace.com

Wall Street's Favorite Russell 2000 Stocks? 3 Names That Could Make You Filthy Rich

March 3, 2024 | seekingalpha.com

AvidXchange Holdings: Meeting The Rule Of 40 Benchmark Is Key Catalyst

March 1, 2024 | seekingalpha.com

AvidXchange Holdings, Inc. (AVDX) Q4 2023 Earnings Call Transcript

March 1, 2024 | finance.yahoo.com

AvidXchange Holdings Full Year 2023 Earnings: Beats Expectations

February 29, 2024 | markets.businessinsider.com

Piper Sandler Keeps Their Hold Rating on AvidXchange Holdings (AVDX)

February 29, 2024 | markets.businessinsider.com

AvidXchange Holdings Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)

February 29, 2024 | finance.yahoo.com

AvidXchange Holdings, Inc. (NASDAQ:AVDX) Q4 2023 Earnings Call Transcript

February 28, 2024 | seekingalpha.com

AvidXchange Holdings, Inc. 2023 Q4 - Results - Earnings Call Presentation

February 28, 2024 | globenewswire.com

AvidXchange Announces Fourth Quarter 2023 Financial Results

See More Headlines

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Company Calendar

Today: 4/17/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:AVDX
CUSIP: N/A
CIK: 1858257
Web: www.avidxchange.com
Phone: 800-560-9305
Fax: N/A
Employees: 1,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $13.07
High Stock Price Target: $16.00
Low Stock Price Target: $10.00
Potential Upside/Downside: +15.0%
Consensus Rating: Hold
Rating Score (0-4): 2.36
Research Coverage: 11 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.23)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-47,330,000.00
Net Margins: -12.43%
Pretax Margin: -12.12%
Return on Equity: -3.84%
Return on Assets: -1.16%

Debt

Debt-to-Equity Ratio: 0.20
Current Ratio: 1.25
Quick Ratio: 1.25

Sales & Book Value

Annual Sales: $380.72 million
Price / Sales: 6.10
Cash Flow: $0.01 per share
Price / Cash Flow: 908.13
Book Value: $3.23 per share
Price / Book: 3.52

Miscellaneous

Outstanding Shares: 204,320,000
Free Float: 183,279,000
Market Cap: $2.32 billion
Optionable: Optionable
Beta: 1.04

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Key Executives

Mr. Michael Praeger (Age 59)
Co-Founder, Chairman & CEO
Comp: $1.16M
Mr. Daniel Drees (Age 55)
President
Comp: $821.95k
Mr. Joel Wilhite (Age 54)
Senior VP & CFO
Comp: $826.35k
Ms. Angelic Gibson (Age 47)
Chief Information Officer & Senior VP
Comp: $679.91k
Mr. Ryan Stahl (Age 49)
Senior VP, General Counsel & Secretary
Comp: $686.74k
Mr. Chris Tinsley
Co-Founder & Senior Technology Advisor
Mr. John Feldman
Chief Operating Officer
Subhaash Kumar
Head of Investor Relations
Mr. Al McMillian Jr.
Vice President of Compliance
Ms. Jess Antle
Vice President of Brand Marketing & Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AVDX Stock Analysis - Frequently Asked Questions

Should I buy or sell AvidXchange stock right now?: 11 Wall Street equities 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 equities 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 equities research analysts have issued 1 year target prices for AvidXchange's stock. Their AVDX share price targets range from $10.00 to $16.00. On average, they predict the company's share price to reach $13.07 in the next twelve months. This suggests a possible upside of 15.0% 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 8.3% and is now trading at $11.36.
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, May 8th 2024.
View our AVDX earnings forecast.
How can I listen to AvidXchange's earnings call?: AvidXchange will be holding an earnings conference call on Wednesday, May 8th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
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 issued an update on its FY 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $441.0 million-$447.0 million, compared to the consensus revenue estimate of $444.3 million.
When did AvidXchange IPO?: AvidXchange (AVDX) raised $581 million in an initial public offering on Wednesday, October 13th 2021. The company issued 26,400,000 shares at $21.00-$23.00 per share.
Who are AvidXchange's major shareholders?: AvidXchange's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management (0.01%). 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 4/17/2024 by MarketBeat.com Staff

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AvidXchange (AVDX) Stock Price, News & Analysis

AvidXchange MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About AvidXchange Stock (NASDAQ:AVDX)

AVDX Stock Price History

AVDX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AVDX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™