AvidXchange Holdings, Inc. (AVDX)

Market Cap	2.17B
Revenue (ttm)	427.57M
Net Income (ttm)	-999,000
Shares Out	205.73M
EPS (ttm)	-0.00
PE Ratio	n/a
Forward PE	33.21
Dividend	n/a
Ex-Dividend Date	n/a

Volume	2,701,131
Open	10.32
Previous Close	10.63
Day's Range	10.32 - 10.75
52-Week Range	7.38 - 13.56
Beta	1.20
Analysts	Hold
Price Target	11.70 (+10.8%)
Earnings Date	Nov 6, 2024

About 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 fea...

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Oct 13, 2021
• Employees: 1,600
• Stock Exchange: NASDAQ
• Ticker Symbol: AVDX
• Website: https://www.avidxchange.com

Financial Performance

In 2023, AvidXchange Holdings's revenue was $380.72 million, an increase of 20.35% compared to the previous year's $316.35 million. Losses were -$47.33 million, -53.27% less than in 2022.

Analyst Forecast

According to 15 analysts, the average rating for AVDX stock is "Hold." The 12-month stock price forecast is $11.7, which is an increase of 10.80% from the latest price.

Price Target

$11.7

(10.80% upside)

Analyst Consensus: Hold