AvidXchange (AVDX) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for AvidXchange (NASDAQ: AVDX):

• 3/4/2025 – AvidXchange was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $8.00 price target on the stock, down previously from $13.00.
• 2/28/2025 – AvidXchange had its price target lowered by analysts at Piper Sandler from $10.00 to $8.00. They now have a “neutral” rating on the stock.
• 2/27/2025 – AvidXchange was downgraded by analysts at KeyCorp from an “overweight” rating to a “sector weight” rating.
• 2/27/2025 – AvidXchange had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $9.50 to $7.00. They now have a “sell” rating on the stock.
• 2/27/2025 – AvidXchange had its price target lowered by analysts at Robert W. Baird from $14.00 to $12.00. They now have an “outperform” rating on the stock.
• 2/27/2025 – AvidXchange had its price target lowered by analysts at JPMorgan Chase & Co. from $10.00 to $9.00. They now have a “neutral” rating on the stock.
• 2/27/2025 – AvidXchange had its price target lowered by analysts at BMO Capital Markets from $11.00 to $7.50. They now have a “market perform” rating on the stock.
• 2/27/2025 – AvidXchange had its price target lowered by analysts at Keefe, Bruyette & Woods from $11.00 to $8.00. They now have a “market perform” rating on the stock.
• 2/27/2025 – AvidXchange was downgraded by analysts at Wolfe Research from a “strong-buy” rating to a “hold” rating.
• 2/27/2025 – AvidXchange had its price target lowered by analysts at Wells Fargo & Company from $10.00 to $8.00. They now have an “equal weight” rating on the stock.
• 2/27/2025 – AvidXchange had its price target lowered by analysts at Morgan Stanley from $11.00 to $8.00. They now have an “equal weight” rating on the stock.

AvidXchange Price Performance

Shares of AVDX stock remained flat at $8.42 on Wednesday. The stock had a trading volume of 1,299,680 shares, compared to its average volume of 1,908,475. The firm’s 50 day moving average price is $9.33 and its 200 day moving average price is $9.38. The company has a market capitalization of $1.72 billion, a PE ratio of 210.50 and a beta of 1.28. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.11. AvidXchange Holdings, Inc. has a 12 month low of $6.61 and a 12 month high of $13.50.

AvidXchange (NASDAQ:AVDX) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). AvidXchange had a negative net margin of 0.23% and a positive return on equity of 0.74%. The company had revenue of $115.44 million during the quarter, compared to the consensus estimate of $114.98 million. On average, research analysts expect that AvidXchange Holdings, Inc. will post 0.02 earnings per share for the current fiscal year.

Insider Transactions at AvidXchange

In related news, President Daniel Drees sold 34,782 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $7.59, for a total transaction of $263,995.38. Following the completion of the transaction, the president now directly owns 1,176,833 shares of the company’s stock, valued at approximately $8,932,162.47. This represents a 2.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Joel Wilhite sold 32,203 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $7.59, for a total value of $244,420.77. Following the transaction, the insider now directly owns 843 shares of the company’s stock, valued at $6,398.37. This trade represents a 97.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,866 shares of company stock valued at $955,323 over the last three months. Company insiders own 10.40% of the company’s stock.

Hedge Funds Weigh In On AvidXchange

A number of large investors have recently made changes to their positions in AVDX. Quest Partners LLC increased its stake in shares of AvidXchange by 46.0% during the third quarter. Quest Partners LLC now owns 22,289 shares of the company’s stock worth $181,000 after purchasing an additional 7,027 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of AvidXchange by 52.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 801,087 shares of the company’s stock valued at $6,497,000 after purchasing an additional 274,375 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of AvidXchange in the 3rd quarter valued at $396,000. Integrated Investment Consultants LLC acquired a new stake in shares of AvidXchange in the 3rd quarter valued at $197,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of AvidXchange by 8.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,528,875 shares of the company’s stock valued at $12,399,000 after purchasing an additional 114,763 shares in the last quarter. Institutional investors own 80.58% of the company’s stock.

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.