AvidXchange (NASDAQ:AVDX) Releases FY 2025 Earnings Guidance

AvidXchange (NASDAQ:AVDX) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 0.250-0.270 for the period, compared to the consensus EPS estimate of 0.340. The company issued revenue guidance of $453.0 million-$460.0 million, compared to the consensus revenue estimate of $483.2 million.

AvidXchange Price Performance

Shares of AVDX traded down $1.85 during mid-day trading on Wednesday, reaching $7.31. The stock had a trading volume of 4,907,722 shares, compared to its average volume of 1,501,409. The business has a fifty day moving average of $10.23 and a 200 day moving average of $9.44. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 461.00 and a beta of 1.22. AvidXchange has a 12 month low of $6.96 and a 12 month high of $13.56.

AvidXchange (NASDAQ:AVDX) last issued its earnings results on Wednesday, February 26th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). AvidXchange had a positive return on equity of 0.74% and a negative net margin of 0.23%. Equities analysts predict that AvidXchange will post 0.02 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AVDX shares. Keefe, Bruyette & Woods cut their target price on shares of AvidXchange from $12.00 to $11.00 and set a “market perform” rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group upped their price objective on AvidXchange from $9.00 to $10.00 and gave the stock a “sell” rating in a report on Monday, December 2nd. UBS Group boosted their price target on shares of AvidXchange from $10.00 to $10.50 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. KeyCorp upped their target price on shares of AvidXchange from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company boosted their price objective on AvidXchange from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.61.

Insiders Place Their Bets

In related news, Director James E. Hausman sold 25,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $11.25, for a total value of $281,250.00. Following the completion of the transaction, the director now directly owns 2,112,232 shares in the company, valued at $23,762,610. The trade was a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Teresa Mackintosh sold 13,316 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $11.44, for a total transaction of $152,335.04. Following the sale, the director now owns 47,388 shares in the company, valued at approximately $542,118.72. This represents a 21.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,693 shares of company stock valued at $916,683. 10.40% of the stock is owned by insiders.

AvidXchange Company Profile

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 feature.