AvidXchange Holdings, Inc. (AVDX)

NASDAQ: AVDX · IEX Real-Time Price · USD
8.64
-0.22 (-2.48%)
At close: Aug 17, 2022 4:00 PM
8.55
-0.09 (-1.04%)
After-hours: Aug 17, 2022 4:50 PM EDT
-2.48%
Market Cap 1.71B
Revenue (ttm) 282.21M
Net Income (ttm) -173.75M
Shares Out 198.10M
EPS (ttm) -1.44
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,195,643
Open 8.69
Previous Close 8.86
Day's Range 8.47 - 8.80
52-Week Range 5.86 - 27.44
Beta n/a
Analysts Buy
Price Target 11.39 (+31.8%)
Earnings Date Aug 3, 2022

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 cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated pay... [Read more...]

Industry Software-Infrastructure
IPO Date Oct 13, 2021
Employees 1,600
Stock Exchange NASDAQ
Ticker Symbol AVDX
Full Company Profile

Financial Performance

In 2021, AVDX's revenue was $248.41 million, an increase of 33.60% compared to the previous year's $185.93 million. Losses were -$199.65 million, 97.2% more than in 2020.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for AVDX stock is "Buy." The 12-month stock price forecast is 11.39, which is an increase of 31.83% from the latest price.

Price Target
$11.39
(31.83% upside)
Analyst Consensus: Buy
Stock Forecasts

News

AvidXchange Launches API Integration With Blackbaud Financial Edge NXT

Payments and accounts payable (AP) automation platform AvidXchange announced Monday (Aug. 15) that it has launched an integration with cloud-based accounting system Blackbaud Financial Edge NXT. AvidXch...

AvidXchange Launches Invoice-to-Pay Integration Built for Multi-Industry Provider, Blackbaud Financial Edge NXT®

CHARLOTTE, N.C., Aug. 15, 2022 (GLOBE NEWSWIRE) -- AvidXchange (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and thei...

AvidXchange Launches New AP Solution for Construction Industry

With companies working to reduce the time they spend on paperwork so that they can focus on their core mission, solution providers are equipping them with automated platforms that free them from account...

AvidXchange Offers a Complete Purchase to Pay Solution Purpose-Built for the Construction Industry

TimberScan Titanium now available to Sage Intacct Users TimberScan Titanium now available to Sage Intacct Users

AvidXchange to Present at Upcoming Investor Conferences

CHARLOTTE, N.C., Aug. 04, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market busi...

AvidXchange Announces Second Quarter 2022 Financial Results

--Second quarter 2022 revenue growth of 30.3% – or 22.4% organically – driven by continued broad based demand coupled with solid operational execution

AvidXchange Partners with MDT, Expands Invoice-to-Pay Solution to More Credit Unions

CHARLOTTE, N.C., July 19, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market busi...

AvidXchange Announces Timing of Its Second Quarter 2022 Financial Results Conference Call and Webcast

CHARLOTTE, N.C., July 18, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market busi...

The Rate of Spending on Technology has more than Tripled in the Past Two Years, AvidXchange Research Shows

Technology Investment is the Key to Solving Larger Business Challenges Technology Investment is the Key to Solving Larger Business Challenges

AvidXchange Announces Purchase-to-Pay Integration for Sage 100

New end-to-end solution offers automated purchasing, invoice and payment capabilities New end-to-end solution offers automated purchasing, invoice and payment capabilities

AvidXchange Launches End-to-End Purchase-to-Pay Integration for Acumatica

Company expands its invoicing and payment services to customers in Acumatica's most popular industries Company expands its invoicing and payment services to customers in Acumatica's most popular industries

Why beaten-down fintech stocks may be worth a new look, according to this analyst

Fast-growing financial technology stocks have been among the biggest losers in the market downturn, but one analyst thinks some of them might deserve a fresh look.

Other symbols: AFRMBILLFLYWMQNVEIPAY

The Results are in: 84 Percent of Teammates said “Avidxchange is a Great Place to Work,” Earning the Company a Top Ce...

CHARLOTTE, N.C., June 15, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market busi...

Wall Street Analysts Believe AvidXchange Holdings, Inc. (AVDX) Could Rally 68%: Here's is How to Trade

The mean of analysts' price targets for AvidXchange Holdings, Inc. (AVDX) points to a 68.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreeme...

AvidXchange Offers Straight Through Processing Capability to Fully Automate Delivery and Receipt of Payments

STP to further enhance scalability and reliability with a better user experience for supplier customers when receiving payment from buyer customers STP to further enhance scalability and reliability wit...

Here's Why AvidXchange Shares Are Trading Higher On A Down Market Day

AvidXchange Holdings, Inc (NASDAQ: AVDX) reported first-quarter FY22 revenue growth of 29% year-on-year to $71.2 million, beating the consensus of $67.97 million. The non-GAAP gross margin expanded 300 ...

AvidXchange Announces Timing of Its First Quarter 2022 Financial Results Conference Call and Webcast

CHARLOTTE, N.C., April 18, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market bus...

Middle Market Closes 2021 with Another Spending Jump, AvidXchange Report Shows

Spending on Technology prevails over other highlighted industries Spending on Technology prevails over other highlighted industries

AvidXchange Further Invests in the HOA Industry

CHARLOTTE, N.C., April 04, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market bus...

AvidXchange Further Bridges Digital Divide in Charlotte, Announces Completion of the first stage of its Wi-Fi Infrast...

CHARLOTTE, N.C., March 29, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (“AvidXchange”) (Nasdaq GS: AVDX), a leading provider of accounts payable automation software and payment solutions for mid...

AvidXchange Correcting Shareholder Ownership Data Incorrectly Provided by Various Financial Data and Media Services P...

CHARLOTTE, N.C., March 17, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market bus...

AvidXchange Announces Fourth Quarter & Full Year 2021 Financial Results

--Fourth quarter 2021 revenue and Adjusted EBITDA above previous guidance

Key Industries across the Middle Market Return to Pre-Pandemic Spending Levels, AvidXchange Report Shows

Surging gas prices and supply chain issues ignite spending on Transportation and Warehousing Surging gas prices and supply chain issues ignite spending on Transportation and Warehousing

AvidXchange Announces Timing of Its Fourth Quarter and Full Year 2021 Financial Results Conference Call and Webcast

CHARLOTTE, N.C., Feb. 09, 2022 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market busi...

AvidXchange Deepens Expertise in the Construction Vertical, Announces Integration with Sage 100 Contractor

More construction industry professionals are now able to streamline the AP process using AvidPay within TimberScan Titanium More construction industry professionals are now able to streamline the AP pro...