AvidXchange Holdings, Inc. (AVDX)

Market Cap	2.38B
Revenue (ttm)	380.72M
Net Income (ttm)	-47.33M
Shares Out	204.32M
EPS (ttm)	-0.23
PE Ratio	n/a
Forward PE	53.50
Dividend	n/a
Ex-Dividend Date	n/a

Volume	81,789
Open	11.65
Previous Close	11.87
Day's Range	11.65 - 11.75
52-Week Range	6.88 - 13.56
Beta	1.04
Analysts	Buy
Price Target	13.23 (+13.13%)
Earnings Date	May 8, 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

Financial Performance

In 2023, AVDX'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 "Buy." The 12-month stock price forecast is $13.23, which is an increase of 13.13% from the latest price.

Price Target

$13.23

(13.13% upside)

Analyst Consensus: Buy