AvidXchange (NASDAQ:AVDX) Releases FY 2025 Earnings Guidance

AvidXchange (NASDAQ:AVDX) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.250-0.270 for the period, compared to the consensus 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 Trading Up 0.3 %

Shares of NASDAQ AVDX opened at $9.15 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.11. AvidXchange has a twelve month low of $7.38 and a twelve month high of $13.56. The company’s fifty day moving average is $10.23 and its 200-day moving average is $9.44. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 461.00 and a beta of 1.22.

Analyst Ratings Changes

AVDX has been the topic of a number of research analyst reports. Piper Sandler raised their price target on AvidXchange from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their target price on AvidXchange from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. KeyCorp lifted their price target on shares of AvidXchange from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. UBS Group increased their price objective 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. Finally, The Goldman Sachs Group boosted their price objective on shares of AvidXchange from $9.00 to $10.00 and gave the company a “sell” rating in a research report on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.61.

Insider Activity at AvidXchange

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