AvidXchange Holdings, Inc. (AVDX)

Market Cap	1.92B
Revenue (ttm)	346.56M
Net Income (ttm)	-85.16M
Shares Out	202.15M
EPS (ttm)	-0.42
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	2,205,740
Open	9.52
Previous Close	9.43
Day's Range	9.43 - 9.75
52-Week Range	7.02 - 12.75
Beta	n/a
Analysts	Buy
Price Target	12.86 (+35.65%)
Earnings Date	Nov 1, 2023

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 Cashflow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated paym...

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Oct 13, 2021
• Employees: 1,600
• Stock Exchange: NASDAQ
• Ticker Symbol: AVDX

Financial Performance

In 2022, AVDX's revenue was $316.35 million, an increase of 27.35% compared to the previous year's $248.41 million. Losses were -$101.28 million, -54.84% less than in 2021.

Analyst Forecast

According to 11 analysts, the average rating for AVDX stock is "Buy." The 12-month stock price forecast is $12.86, which is an increase of 35.65% from the latest price.

Price Target

$12.86

(35.65% upside)

Analyst Consensus: Buy