AvidXchange (NASDAQ:AVDX) Issues FY 2025 Earnings Guidance

AvidXchange (NASDAQ:AVDX) issued an update on its FY 2025 earnings guidance on Wednesday morning. 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 Stock Up 3.3 %

AVDX traded up $0.24 during trading on Friday, reaching $7.60. 265,413 shares of the stock traded hands, compared to its average volume of 1,568,930. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.32 and a quick ratio of 1.32. AvidXchange has a fifty-two week low of $6.89 and a fifty-two week high of $13.56. The stock’s 50-day simple moving average is $10.09 and its two-hundred day simple moving average is $9.41. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 461.00 and a beta of 1.22.

AvidXchange (NASDAQ:AVDX) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). The firm had revenue of $115.44 million during the quarter, compared to the consensus estimate of $114.98 million. AvidXchange had a negative net margin of 0.23% and a positive return on equity of 0.74%. As a group, equities research analysts expect that AvidXchange will post 0.02 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. BMO Capital Markets cut their price target on shares of AvidXchange from $11.00 to $7.50 and set a “market perform” rating on the stock in a report on Thursday. Robert W. Baird cut their target price on AvidXchange from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday. BTIG Research initiated coverage on shares of AvidXchange in a research note on Wednesday, December 11th. They issued a “buy” rating and a $14.00 price objective for the company. JPMorgan Chase & Co. lowered their price target on AvidXchange from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Piper Sandler cut their price objective on AvidXchange from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.33.

Insider Buying and Selling

In other news, CEO Michael Praeger sold 42,377 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $11.40, for a total value of $483,097.80. Following the completion of the transaction, the chief executive officer now directly owns 10,381,033 shares of the company’s stock, valued at approximately $118,343,776.20. This represents a 0.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the director now directly owns 2,112,232 shares in the company, valued at approximately $23,762,610. This represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,693 shares of company stock valued at $916,683 over the last ninety days. 10.40% of the stock is owned by company 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.