AVDX | AvidXchange Holdings, Inc.

Technology | Software - Infrastructure | USA | NASD

Index	-	P/E	-	EPS (ttm)	-0.46	Insider Own	4.60%	Shs Outstand	199.90M	Perf Week	16.23%
Market Cap	2.13B	Forward P/E	-	EPS next Y	-0.05	Insider Trans	-35.01%	Shs Float	179.01M	Perf Month	38.76%
Income	-92.10M	PEG	-	EPS next Q	-0.04	Inst Own	70.90%	Short Float / Ratio	3.14% / 2.61	Perf Quarter	7.72%
Sales	332.00M	P/S	6.43	EPS this Y	80.60%	Inst Trans	2.25%	Short Interest	5.62M	Perf Half Y	24.59%
Book/sh	3.26	P/B	3.29	EPS next Y	26.70%	ROA	-4.60%	Target Price	12.14	Perf Year	19.33%
Cash/sh	2.17	P/C	4.94	EPS next 5Y	-	ROE	-13.80%	52W Range	5.86 - 11.86	Perf YTD	8.05%
Dividend	-	P/FCF	-	EPS past 5Y	-	ROI	-10.90%	52W High	-9.44%	Beta	-
Dividend %	-	Quick Ratio	1.40	Sales past 5Y	-	Gross Margin	64.00%	52W Low	83.28%	ATR	0.45
Employees	1600	Current Ratio	1.40	Sales Q/Q	21.90%	Oper. Margin	-25.30%	RSI (14)	80.04	Volatility	6.48% 4.89%
Optionable	Yes	Debt/Eq	0.22	EPS Q/Q	37.30%	Profit Margin	-27.80%	Rel Volume	2.03	Prev Close	10.60
Shortable	Yes	LT Debt/Eq	0.21	Earnings	May 03 BMO	Payout	-	Avg Volume	2.16M	Price	10.74
Recom	2.20	SMA20	19.81%	SMA50	32.07%	SMA200	22.19%	Volume	4,367,359	Change	1.32%

Date	Action	Analyst	Rating Change	Price Target Change
Nov-03-22	Downgrade	BofA Securities	Neutral → Underperform	$10 → $8
Apr-28-22	Initiated	Morgan Stanley	Equal-Weight	$9
Apr-20-22	Initiated	Robert W. Baird	Outperform	$16
Apr-08-22	Downgrade	Goldman	Buy → Neutral	$13 → $10
Jan-27-22	Initiated	SMBC Nikko	Outperform	$15
Nov-15-21	Initiated	BofA Securities	Neutral	$28
Nov-08-21	Initiated	Wolfe Research	Outperform	$31
Nov-08-21	Initiated	Piper Sandler	Overweight	$28
Nov-08-21	Initiated	KeyBanc Capital Markets	Overweight	$30
Nov-08-21	Initiated	JP Morgan	Overweight	$28
Nov-08-21	Initiated	Goldman	Buy	$40
Nov-08-21	Initiated	Deutsche Bank	Buy	$30
Nov-08-21	Initiated	Credit Suisse	Outperform	$28
Nov-08-21	Initiated	Barclays	Overweight	$29

Show Previous Ratings

Jun-02-23 06:11AM	With 59% ownership in AvidXchange Holdings, Inc. (NASDAQ:AVDX), institutional investors have a lot riding on the business (Simply Wall St.)
Jun-01-23 07:30AM	AvidXchange Automates Lien Waiver Management, Improves Payment Process in Leading Purchase-to-Pay Solution TimberScan (GlobeNewswire) +9.39%
May-31-23 02:28PM	Hunting for the Best Cheap Stocks to Buy in June? Here's How to Start (Zacks)
May-11-23 11:34AM	CINC Leverages the Power of AvidXchange's AvidPay Network, Launches Leading and Integrated AP Solution VendorPay (PR Newswire)
09:55AM	Does AvidXchange Holdings, Inc. (AVDX) Have the Potential to Rally 26.34% as Wall Street Analysts Expect? (Zacks)
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May-09-23 08:30AM	AvidXchange to Participate in Upcoming Investor Conferences (GlobeNewswire)
May-04-23 03:51AM	Q1 2023 Avidxchange Holdings Inc Earnings Call (Thomson Reuters StreetEvents) +6.59%
May-03-23 07:55AM	AvidXchange Holdings, Inc. (AVDX) Reports Q1 Loss, Tops Revenue Estimates (Zacks) +9.01%
06:40AM	AvidXchange Announces First Quarter 2023 Financial Results (GlobeNewswire)
Apr-17-23 04:30PM	AvidXchange Announces Timing of Its First Quarter 2023 Financial Results Conference Call and Webcast (GlobeNewswire)
Apr-15-23 08:05AM	Investors in AvidXchange Holdings (NASDAQ:AVDX) have unfortunately lost 13% over the last year (Simply Wall St.)
Mar-20-23 08:27AM	FINANCIAL TECHNOLOGY PARTNERS FORMALLY LAUNCHES THE ONLY PURE FINTECH EQUITY RESEARCH PLATFORM - WITH INITIAL COVERAGE OF 25 PUBLIC FINTECH COMPANIES (PR Newswire)
Mar-16-23 09:35AM	Down -28.92% in 4 Weeks, Here's Why You Should You Buy the Dip in AvidXchange Holdings, Inc. (AVDX) (Zacks)
Mar-08-23 08:30AM	AvidXchange to Participate in Wolfe Research FinTech Forum (GlobeNewswire)
Mar-07-23 09:00AM	AvidXchange Delivers Best-In-Class Invoice-to-Pay Solution to More Credit Union Customers, Partners with KeyStone by Corelation (GlobeNewswire)
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Mar-05-23 07:29AM	Estimating The Fair Value Of AvidXchange Holdings, Inc. (NASDAQ:AVDX) (Simply Wall St.)
Mar-03-23 11:06AM	AvidXchange Holdings, Inc. (NASDAQ:AVDX) Q4 2022 Earnings Call Transcript (Insider Monkey) +13.04%
Mar-02-23 12:26AM	Q4 2022 Avidxchange Holdings Inc Earnings Call (Thomson Reuters StreetEvents)
Mar-01-23 08:05AM	AvidXchange Holdings, Inc. (AVDX) Reports Q4 Loss, Tops Revenue Estimates (Zacks) -9.65%
06:45AM	AvidXchange Announces Fourth Quarter 2022 Financial Results (GlobeNewswire)
Feb-12-23 09:03AM	AvidXchange Holdings, Inc. (NASDAQ:AVDX) insider upped their holding by 0.5% earlier this year (Simply Wall St.)
Feb-07-23 09:00AM	AvidXchange Launches AvidAnalytics, A Business Intelligence Tool for the Middle Market (GlobeNewswire)
Jan-31-23 09:00AM	AvidXchange Names Dan Drees as President (GlobeNewswire)
Jan-11-23 04:30PM	AvidXchange Announces Timing of Its Fourth Quarter 2022 Financial Results Conference Call and Webcast (GlobeNewswire)
Dec-19-22 04:00PM	AvidXchange Announces Board Changes (GlobeNewswire)
Dec-06-22 09:00AM	Intuit QuickBooks Online Customers Increase Efficiency with Fully Automated AP and Payment Solution by AvidXchange (GlobeNewswire)
06:14AM	AvidXchange Holdings, Inc. (NASDAQ:AVDX) is a favorite amongst institutional investors who own 63% (Simply Wall St.)
Dec-01-22 09:55AM	Wall Street Analysts Think AvidXchange Holdings, Inc. (AVDX) Could Surge 29%: Read This Before Placing a Bet (Zacks)
Nov-29-22 09:00AM	AvidXchange Expands Global Capabilities with the Launch of Cross-Border Payments (GlobeNewswire)
Nov-11-22 08:30AM	SAVE THE DATE: AvidXchange Investor Day (GlobeNewswire) +6.44%
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Nov-10-22 08:30AM	AvidXchange to Participate in Upcoming Investor Conferences (GlobeNewswire) +8.93%
Nov-09-22 09:55AM	How Much Upside is Left in AvidXchange Holdings, Inc. (AVDX)? Wall Street Analysts Think 66% (Zacks)
05:43AM	AvidXchange Holdings Third Quarter 2022 Earnings: Beats Expectations (Simply Wall St.)
Nov-02-22 07:45AM	AvidXchange Holdings, Inc. (AVDX) Reports Q3 Loss, Tops Revenue Estimates (Zacks) -9.72%
06:30AM	AvidXchange Announces Third Quarter 2022 Financial Results (GlobeNewswire)
Oct-26-22 11:32AM	Strength Seen in AvidXchange Holdings, Inc. (AVDX): Can Its 6.8% Jump Turn into More Strength? (Zacks)
Oct-14-22 08:30AM	AvidXchange Announces Timing of Its Third Quarter 2022 Financial Results Conference Call and Webcast (GlobeNewswire)
Oct-13-22 01:00PM	Middle Market Companies Exhibit Resilience While Delivering Value (GlobeNewswire)
06:40AM	Further weakness as AvidXchange Holdings (NASDAQ:AVDX) drops 4.8% this week, taking one-year losses to 67% (Simply Wall St.)
Sep-06-22 08:30AM	AvidXchange to Participate in Upcoming Investor Conferences (GlobeNewswire)
Sep-04-22 10:05AM	Insiders at AvidXchange Holdings, Inc. (NASDAQ:AVDX) snagged a bargain: a US$45k profit on a US$694k buy (Simply Wall St.)
Aug-26-22 09:55AM	Wall Street Analysts Believe AvidXchange Holdings, Inc. (AVDX) Could Rally 54%: Here's is How to Trade (Zacks)
Aug-15-22 09:00AM	AvidXchange Launches Invoice-to-Pay Integration Built for Multi-Industry Provider, Blackbaud Financial Edge NXT® (GlobeNewswire)
Aug-10-22 09:55AM	Wall Street Analysts See a 57% Upside in AvidXchange Holdings, Inc. (AVDX): Can the Stock Really Move This High? (Zacks)
Aug-08-22 09:00AM	AvidXchange Offers a Complete Purchase to Pay Solution Purpose-Built for the Construction Industry (GlobeNewswire) +5.26%
06:27AM	Analysts Are Betting On AvidXchange Holdings, Inc. (NASDAQ:AVDX) With A Big Upgrade This Week (Simply Wall St.)
Aug-04-22 08:30AM	AvidXchange to Present at Upcoming Investor Conferences (GlobeNewswire)
Aug-03-22 04:05PM	AvidXchange Announces Second Quarter 2022 Financial Results (GlobeNewswire) +8.84%
Jul-19-22 11:00AM	AvidXchange Partners with MDT, Expands Invoice-to-Pay Solution to More Credit Unions (GlobeNewswire)
Jul-18-22 04:05PM	AvidXchange Announces Timing of Its Second Quarter 2022 Financial Results Conference Call and Webcast (GlobeNewswire)
Jul-14-22 09:00AM	The Rate of Spending on Technology has more than Tripled in the Past Two Years, AvidXchange Research Shows (GlobeNewswire)
Jul-13-22 09:00AM	AvidXchange Announces Purchase-to-Pay Integration for Sage 100 (GlobeNewswire)
Jul-11-22 09:00AM	AvidXchange Launches End-to-End Purchase-to-Pay Integration for Acumatica (GlobeNewswire)
Jun-15-22 09:00AM	The Results are in: 84 Percent of Teammates said AvidXchange is a Great Place to Work, Earning the Company a Top Certification by Great Place to Work® (GlobeNewswire)
May-26-22 09:55AM	Wall Street Analysts Believe AvidXchange Holdings, Inc. (AVDX) Could Rally 68%: Here's is How to Trade (Zacks)
May-19-22 09:46AM	9 Stocks Under $20 to Buy Today According to Nishkama Capital (Insider Monkey) +7.24%
May-17-22 09:00AM	AvidXchange and ResMan Offer Full API Integration for Real Estate Professionals (GlobeNewswire) +11.56%
May-11-22 04:05PM	AvidXchange to Present at Upcoming Investor Conferences (GlobeNewswire) -9.94%
May-10-22 12:43PM	Analysts Have Been Trimming Their AvidXchange Holdings, Inc. (NASDAQ:AVDX) Price Target After Its Latest Report (Simply Wall St.)
May-09-22 09:00AM	AvidXchange Offers Straight Through Processing Capability to Fully Automate Delivery and Receipt of Payments (GlobeNewswire) -13.27%
May-06-22 02:42PM	Here's Why AvidXchange Shares Are Trading Higher On A Down Market Day (Benzinga) +5.30%
May-05-22 04:05PM	AvidXchange Announces First Quarter 2022 Financial Results (GlobeNewswire) -8.84%
May-02-22 09:08AM	What Type Of Shareholders Own The Most Number of AvidXchange Holdings, Inc. (NASDAQ:AVDX) Shares? (Simply Wall St.)
Apr-18-22 04:05PM	AvidXchange Announces Timing of Its First Quarter 2022 Financial Results Conference Call and Webcast (GlobeNewswire)
Apr-13-22 09:00AM	Middle Market Closes 2021 with Another Spending Jump, AvidXchange Report Shows (GlobeNewswire)
Apr-04-22 09:00AM	AvidXchange Further Invests in the HOA Industry (GlobeNewswire)
Mar-31-22 10:55AM	Jim Cramer Recommends Owning Secular Growth Stocks; Here Are 2 Names Analysts Like (TipRanks)
Mar-29-22 09:00AM	AvidXchange Further Bridges Digital Divide in Charlotte, Announces Completion of the first stage of its Wi-Fi Infrastructure Project and Second Annual Tech Rising Summit (GlobeNewswire) +9.25%
Mar-17-22 08:30AM	AvidXchange Correcting Shareholder Ownership Data Incorrectly Provided by Various Financial Data and Media Services Providers to Wall Street at Large (GlobeNewswire) +7.09%
06:41AM	The Co-Founder of AvidXchange Holdings, Inc. (NASDAQ:AVDX), Michael Praeger, Just Bought A Few More Shares (Simply Wall St.)
Mar-07-22 04:05PM	AvidXchange Announces Fourth Quarter & Full Year 2021 Financial Results (GlobeNewswire)
Feb-25-22 08:30AM	AvidXchange to Present at Upcoming Investor Conferences (GlobeNewswire)
Feb-16-22 09:00AM	Key Industries across the Middle Market Return to Pre-Pandemic Spending Levels, AvidXchange Report Shows (GlobeNewswire)
Feb-09-22 09:24AM	AvidXchange Announces Timing of Its Fourth Quarter and Full Year 2021 Financial Results Conference Call and Webcast (GlobeNewswire)
Feb-07-22 06:38PM	Keybank National Association Buys Invitation Homes Inc, AvidXchange Holdings Inc, Vanguard ... (GuruFocus.com)
Jan-25-22 09:00AM	AvidXchange Deepens Expertise in the Construction Vertical, Announces Integration with Sage 100 Contractor (GlobeNewswire)
Jan-20-22 09:00AM	AvidXchange Announces New FastPay Political+ Platform Automating the Buying and Selling Process for Political Media Agencies (GlobeNewswire)
Dec-05-21 09:00AM	This Banker Is Minting Money in the Fintech Boom (The Wall Street Journal)
Nov-30-21 04:05PM	AvidXchange to Present at the UBS Global TMT Conference and the Barclays Global Technology, Media and Telecommunications Conference (GlobeNewswire)
09:00AM	Middle Market Experiences Largest Increase in Spending Quarter over Quarter since 2017, AvidXchange Report Shows (GlobeNewswire)
Nov-16-21 04:20PM	AvidXchange Announces Early IPO Lock-up Release (GlobeNewswire) -6.36%
04:05PM	AvidXchange Announces Third Quarter 2021 Financial Results (GlobeNewswire)
Nov-15-21 04:05PM	AvidXchange to Present at the J.P. Morgan Virtual Ultimate Services Conference and the Credit Suisse 25th Annual Technology Conference (GlobeNewswire)
Nov-09-21 10:03AM	3 Strong Buy Stocks Goldman Sachs Predicts Will Soar at Least 60% (TipRanks)
Nov-04-21 04:05PM	AvidXchange Announces Timing of Its Third Quarter 2021 Financial Results Conference Call and Webcast (GlobeNewswire)
Nov-01-21 09:00AM	Credit Unions automate accounts payable and payments with AvidXchange for Financial Services (GlobeNewswire)
Oct-14-21 04:09PM	GitLab IPO Prices Above Range, Stock Jumps As Trading Begins (Investor's Business Daily)
Oct-13-21 05:00PM	AvidXchange and Healthcare Triangle Stock Drop in Debuts (Barrons.com)
04:19PM	Mastercard-Backed AvidXchange Slips in Debut After Upsized IPO (Bloomberg)
12:24PM	Mastercard-Backed AvidXchange Raises $660 Million As Trading Begins (Investor's Business Daily)
12:23PM	UPDATE 2-Mastercard-backed AvidXchange valued at $4.6 bln in tepid Nasdaq debut (Reuters)
12:18PM	AvidXchange stock stumbles out of the gate, opens below the IPO price (MarketWatch)
06:37AM	AvidXchanger raised $660 million as upsized IPO priced at the top of the expected range (MarketWatch)
Oct-12-21 10:01PM	AvidXchange Announces Pricing of its Upsized Initial Public Offering (GlobeNewswire)

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 payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Harris Matthew C	Director	May 18	Sale	9.15	1,000,000	9,150,000	14,139,898	May 22 04:30 PM
Praeger Michael	Chief Executive Officer	May 15	Sale	8.82	24,835	219,045	9,947,842	May 17 07:37 PM
Wilhite Joel	See Remarks	May 15	Sale	8.82	12,409	109,447	345,378	May 17 07:42 PM
Drees Daniel	President	May 15	Sale	8.82	10,203	89,990	515,826	May 17 07:31 PM
Gibson Angelic	See Remarks	May 15	Sale	8.82	5,029	44,356	240,962	May 17 07:35 PM
Stahl Ryan	See Remarks	May 15	Sale	8.82	3,945	34,795	305,937	May 17 07:39 PM
Cunningham Todd Alan	See Remarks	May 15	Sale	8.82	3,124	27,554	199,800	May 17 07:24 PM
Harris Matthew C	Director	May 04	Sale	7.86	2,839,394	22,317,637	15,139,898	May 08 04:51 PM
Praeger Michael	Chief Executive Officer	Mar 16	Option Exercise	3.54	28,744	101,754	9,917,588	Mar 17 05:07 PM
Harris Matthew C	Director	Mar 08	Sale	9.00	950,000	8,550,000	17,979,292	Mar 10 05:51 PM
Wilhite Joel	See Remarks	Mar 07	Sale	9.21	13,272	122,247	113,439	Mar 08 08:03 PM
Drees Daniel	See Remarks	Mar 07	Sale	9.21	12,616	116,205	176,087	Mar 08 07:59 PM
Gibson Angelic	See Remarks	Mar 07	Sale	9.21	8,368	77,077	65,752	Mar 08 08:00 PM
Stahl Ryan	See Remarks	Mar 07	Sale	9.21	7,238	66,668	144,175	Mar 08 08:02 PM
Cunningham Todd Alan	See Remarks	Mar 07	Sale	9.21	5,187	47,777	69,015	Mar 08 07:55 PM
Praeger Michael	See Remarks	Mar 06	Sale	9.55	59,158	565,113	9,409,641	Mar 08 08:05 PM
Wilhite Joel	See Remarks	Mar 06	Sale	9.59	12,191	116,940	126,711	Mar 08 08:03 PM
Drees Daniel	See Remarks	Mar 06	Sale	9.59	11,588	111,156	188,703	Mar 08 07:59 PM
Gibson Angelic	See Remarks	Mar 06	Sale	9.59	7,685	73,717	74,120	Mar 08 08:00 PM
Stahl Ryan	See Remarks	Mar 06	Sale	9.59	6,648	63,770	151,413	Mar 08 08:02 PM
Cunningham Todd Alan	See Remarks	Mar 06	Sale	9.59	4,765	45,707	74,202	Mar 08 07:55 PM
Praeger Michael	See Remarks	Mar 02	Option Exercise	3.54	27,648	97,874	9,315,758	Mar 03 06:32 PM
Praeger Michael	See Remarks	Nov 15	Sale	9.33	9,996	93,263	8,825,029	Nov 17 06:28 PM
Wilhite Joel	See Remarks	Nov 15	Sale	9.33	3,215	29,996	63,404	Nov 17 06:36 PM
Drees Daniel	See Remarks	Nov 15	Sale	9.33	2,174	20,283	128,109	Nov 17 06:22 PM
Cunningham Todd Alan	See Remarks	Nov 15	Sale	9.33	1,179	11,000	48,892	Nov 17 06:17 PM
Stahl Ryan	See Remarks	Nov 15	Sale	9.33	1,029	9,601	115,438	Nov 17 06:33 PM
Cunningham Todd Alan	See Remarks	Aug 24	Option Exercise	7.88	27,000	212,760	46,079	Aug 26 05:26 PM
Wilhite Joel	See Remarks	Aug 15	Sale	9.14	3,250	29,705	56,375	Aug 17 06:14 PM
Drees Daniel	See Remarks	Aug 15	Sale	9.14	2,198	20,090	123,359	Aug 17 06:05 PM
Cunningham Todd Alan	See Remarks	Aug 15	Sale	9.14	1,186	10,840	19,079	Aug 17 05:55 PM
Stahl Ryan	See Remarks	Aug 15	Sale	9.14	1,033	9,442	112,983	Aug 17 06:12 PM

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AVDX | AvidXchange Holdings, Inc.

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