Recent Investment Analysts’ Ratings Updates for AvidXchange (AVDX)

AvidXchange (NASDAQ: AVDX) has recently received a number of price target changes and ratings updates:

• 5/8/2025 – AvidXchange had its price target raised by analysts at UBS Group AG from $8.00 to $10.00. They now have a “neutral” rating on the stock.
• 5/8/2025 – AvidXchange had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $10.00 price target on the stock.
• 5/8/2025 – AvidXchange had its price target raised by analysts at Piper Sandler from $8.00 to $10.00. They now have a “neutral” rating on the stock.
• 5/8/2025 – AvidXchange was downgraded by analysts at Susquehanna from a “strong-buy” rating to a “hold” rating.
• 5/8/2025 – AvidXchange was downgraded by analysts at Baird R W from a “strong-buy” rating to a “hold” rating.
• 5/8/2025 – AvidXchange had its price target raised by analysts at Morgan Stanley from $8.00 to $10.00. They now have an “equal weight” rating on the stock.
• 5/8/2025 – AvidXchange had its price target raised by analysts at Wells Fargo & Company from $8.00 to $10.00. They now have an “equal weight” rating on the stock.
• 5/7/2025 – AvidXchange was downgraded by analysts at BTIG Research from a “strong-buy” rating to a “hold” rating.
• 3/31/2025 – AvidXchange had its price target raised by analysts at Keefe, Bruyette & Woods from $8.00 to $9.00. They now have a “market perform” rating on the stock.

AvidXchange Trading Up 0.1%

AVDX opened at $9.73 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.11. AvidXchange Holdings, Inc. has a 52 week low of $6.61 and a 52 week high of $12.93. The stock has a market cap of $2.01 billion, a PE ratio of 243.25 and a beta of 1.14. The business has a 50 day moving average of $8.38 and a 200-day moving average of $9.47.

AvidXchange (NASDAQ:AVDX) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). AvidXchange had a positive return on equity of 0.74% and a negative net margin of 0.23%. The firm had revenue of $115.44 million during the quarter, compared to the consensus estimate of $114.98 million. Equities research analysts predict that AvidXchange Holdings, Inc. will post 0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ryan Stahl sold 8,999 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $9.74, for a total value of $87,650.26. Following the sale, the insider now directly owns 667,226 shares of the company’s stock, valued at approximately $6,498,781.24. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Daniel Drees sold 34,782 shares of AvidXchange stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $7.59, for a total value of $263,995.38. Following the completion of the transaction, the president now directly owns 1,176,833 shares of the company’s stock, valued at approximately $8,932,162.47. This represents a 2.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 221,756 shares of company stock worth $1,889,292. 11.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of AvidXchange by 0.7% during the first quarter. Vanguard Group Inc. now owns 18,236,837 shares of the company’s stock valued at $154,648,000 after acquiring an additional 126,786 shares in the last quarter. FMR LLC boosted its stake in AvidXchange by 8.4% during the 4th quarter. FMR LLC now owns 14,889,282 shares of the company’s stock valued at $153,955,000 after purchasing an additional 1,155,513 shares during the last quarter. North Reef Capital Management LP increased its holdings in shares of AvidXchange by 2.5% in the 4th quarter. North Reef Capital Management LP now owns 7,994,000 shares of the company’s stock worth $82,658,000 after purchasing an additional 194,000 shares in the last quarter. Azora Capital LP purchased a new position in shares of AvidXchange in the fourth quarter worth $45,067,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of AvidXchange by 8.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 3,397,658 shares of the company’s stock worth $35,132,000 after purchasing an additional 273,194 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.

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.