Positive News SentimentPositive NewsNASDAQ:AVDX AvidXchange (AVDX) Stock Price, News & Analysis → The Best AI Stock to Own in the World Today is Trading for Just $25 (From Banyan Hill Publishing) (Ad) Free AVDX Stock Alerts $11.83 -0.04 (-0.34%) (As of 05:32 PM ET) Add Compare Share Share Today's Range$11.63▼$11.8450-Day Range$11.14▼$13.2952-Week Range$6.88▼$13.56Volume810,481 shsAverage Volume1.80 million shsMarket Capitalization$2.42 billionP/E RatioN/ADividend YieldN/APrice Target$13.07 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/Downside11.1% Upside$13.07 Price TargetShort InterestHealthy4.42% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.51Based on 3 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.3.14 out of 5 starsComputer And Technology Sector290th out of 586 stocksPrepackaged Software Industry95th out of 194 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 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.42% 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 decreased by 9.46%, indicating that investor sentiment is improving 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 1.51. 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 0.44 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 3 news articles for AvidXchange this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for AVDX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows3 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. 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. 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 -51.13, 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 -51.13, 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 3.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad WealthPressIt’s now possible to know the win rate of every trade… BEFORE you take it! Would you like to know the historic win rate of every trade you take before you place it? Well, it’s all possible with these FIVE Candlestick Pattern Cheatsheets. >> You can grab your FREE, laminated copies right here << 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 HeadlinesApril 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 25, 2024 | WealthPress (Ad)It’s now possible to know the win rate of every trade… BEFORE you take it! Would you like to know the historic win rate of every trade you take before you place it? Well, it’s all possible with these FIVE Candlestick Pattern Cheatsheets. April 16, 2024 | americanbankingnews.comAvidXchange (NASDAQ:AVDX) Given Sell Rating at The Goldman Sachs GroupApril 16, 2024 | americanbankingnews.comAvidXchange (NASDAQ:AVDX) Shares Gap Down on Analyst DowngradeApril 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 25, 2024 | WealthPress (Ad)It’s now possible to know the win rate of every trade… BEFORE you take it! Would you like to know the historic win rate of every trade you take before you place it? Well, it’s all possible with these FIVE Candlestick Pattern Cheatsheets. April 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)February 29, 2024 | markets.businessinsider.comAvidXchange Holdings Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)February 29, 2024 | finance.yahoo.comAvidXchange Holdings, Inc. (NASDAQ:AVDX) Q4 2023 Earnings Call TranscriptFebruary 28, 2024 | seekingalpha.comAvidXchange Holdings, Inc. 2023 Q4 - Results - Earnings Call PresentationFebruary 28, 2024 | globenewswire.comAvidXchange Announces Fourth Quarter 2023 Financial ResultsFebruary 27, 2024 | markets.businessinsider.comAvidXchange Holdings: Hold Rating Maintained Amid Growth Uncertainty and Strategy ShiftFebruary 17, 2024 | finance.yahoo.comAVDX Mar 2024 10.000 callFebruary 17, 2024 | finance.yahoo.comAVDX Mar 2024 5.000 putFebruary 16, 2024 | ca.finance.yahoo.comAVDX Mar 2024 12.500 callFebruary 12, 2024 | finance.yahoo.comAvidXchange Holdings, Inc. (AVDX) Registers a Bigger Fall Than the Market: Important Facts to NoteSee 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 Today4/25/2024Next Earnings (Confirmed)5/08/2024Fiscal 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$13.07 High Stock Price Target$16.00 Low Stock Price Target$10.00 Potential Upside/Downside+11.1%Consensus RatingHold Rating Score (0-4)2.36 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.23) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-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 Ratio0.20 Current Ratio1.25 Quick Ratio1.25 Sales & Book Value Annual Sales$380.72 million Price / Sales6.31 Cash Flow$0.01 per share Price / Cash Flow980.68 Book Value$3.23 per share Price / Book3.64Miscellaneous Outstanding Shares204,320,000Free Float183,279,000Market Cap$2.40 billion OptionableOptionable Beta1.04 Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. 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 CompetitorsAlkami TechnologyNASDAQ:ALKTProgress SoftwareNASDAQ:PRGSIntappNASDAQ:INTAAppianNASDAQ:APPNC3.aiNYSE:AIView All CompetitorsInsiders & InstitutionsArbor Investment Advisors LLCBought 19,112 shares on 4/23/2024Ownership: 0.009%MBL Wealth LLCBought 12,422 shares on 4/22/2024Ownership: 0.006%Sumitomo Mitsui Trust Holdings Inc.Sold 18,555 shares on 4/19/2024Ownership: 0.910%Cardinal Capital ManagementBought 14,441 shares on 4/16/2024Ownership: 0.007%Healthcare of Ontario Pension Plan Trust FundBought 100,595 shares on 3/21/2024Ownership: 0.182%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 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 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 Wall Street 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 expect the company's stock price to reach $13.07 in the next year. This suggests a possible upside of 11.1% 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 on January 1st, 2024. Since then, AVDX stock has decreased by 5.1% and is now trading at $11.76. View the best growth stocks for 2024 here. Are investors shorting AvidXchange? AvidXchange saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 6,890,000 shares, a drop of 9.5% from the March 31st total of 7,610,000 shares. Based on an average daily volume of 1,700,000 shares, the days-to-cover ratio is currently 4.1 days. Currently, 4.4% of the shares of the company are sold short. View AvidXchange's Short Interest. 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 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 (IPO) 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 institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.91%), Arbor Investment Advisors LLC (0.01%), Cardinal Capital Management (0.01%) and MBL Wealth LLC (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 4/25/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? 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