AVDX - AvidXchange Holdings, Inc. Stock Price, Fair Value and News

11.29USD+0.01 (+0.09%)Delayed

Market Summary

USD11.29+0.01

Delayed

0.09%

AVDX Alerts

Big jump in Earnings (Y/Y)

Losses in recent quarter

AVDX Stock Price

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AVDX RSI Chart

AVDX Valuation

Market Cap

2.3B

Price/Earnings (Trailing)

-72.12

Price/Sales (Trailing)

5.84

EV/EBITDA

107.88

Price/Free Cashflow

84.12

AVDX Price/Sales (Trailing)

AVDX Profitability

EBT Margin

-7.78%

Return on Equity

-4.83%

Return on Assets

-1.53%

Free Cashflow Yield

1.19%

AVDX Fundamentals

AVDX Revenue

Revenue (TTM)

399.5M

Rev. Growth (Yr)

21.63%

Rev. Growth (Qtr)

1.47%

AVDX Earnings

Earnings (TTM)

-32.3M

Earnings Growth (Yr)

93.69%

Earnings Growth (Qtr)

77.44%

Breaking Down AVDX Revenue

Last 7 days

0.4%

Last 30 days

-0.6%

Last 90 days

-8.0%

Trailing 12 Months

20.0%

How does AVDX drawdown profile look like?

AVDX Financial Health

Current Ratio

1.34

Debt/Equity

0.1

Debt/Cashflow

0.4

AVDX Investor Care

Shares Dilution (1Y)

2.66%

Diluted EPS (TTM)

-0.15

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	399.5M	0	0	0
2023	332.0M	346.6M	362.8M	380.7M
2022	264.4M	282.2M	299.4M	316.4M
2021	201.5M	217.2M	232.8M	248.4M
2020	0	0	167.8M	185.9M
2019	0	0	0	149.6M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of AvidXchange Holdings, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 20, 2024	drees daniel	sold	-229,142	13.0165	-17,604	president
Mar 18, 2024	stahl ryan	sold	-52,417	12.43	-4,217	see remarks
Mar 15, 2024	stahl ryan	sold	-386,083	12.3685	-31,215	see remarks
Mar 15, 2024	wilhite joel	sold	-1,672,020	12.28	-136,158	see remarks
Mar 15, 2024	drees daniel	sold	-160,535	12.3698	-12,978	president
Mar 14, 2024	praeger michael	acquired	194,706	4.17	46,692	chief executive officer
Mar 14, 2024	praeger michael	sold	-586,031	12.551	-46,692	chief executive officer
Mar 12, 2024	gibson angelic	sold	-520,000	13.00	-40,000	see remarks
Mar 08, 2024	cunningham todd alan	acquired	14,518	0.27	53,772	see remarks
Mar 08, 2024	praeger michael	sold	-1,348,620	12.797	-105,386	chief executive officer

Which funds bought or sold AVDX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	added	1.04	143,100	2,120,990	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-21.52	-247,457	1,233,710	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	77.69	6,223,070	13,247,900	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-95.43	-405,755	20,672	-%
May 15, 2024	Walleye Capital LLC	sold off	-100	-2,394,960	-	-%
May 15, 2024	Brevan Howard Capital Management LP	sold off	-100	-230,838	-	-%
May 15, 2024	Cipher Capital LP	reduced	-46.06	-184,378	246,918	0.11%
May 15, 2024	AMUNDI	reduced	-6.69	-12,788	240,814	-%
May 15, 2024	BlueMar Capital Management, LLC	reduced	-2.91	66,453	2,248,940	3.78%
May 15, 2024	Engineers Gate Manager LP	sold off	-100	-1,627,450	-	-%

Are Funds Buying or Selling AVDX?

Are funds buying AVDX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AVDX

No. of Funds

Unveiling AvidXchange Holdings, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	bain capital venture fund 2014, l.p.	2.2%	4,446,071	SC 13G/A
Feb 13, 2024	vanguard group inc	8.81%	17,890,929	SC 13G/A
Feb 09, 2024	senvest management, llc	4.8%	9,675,695	SC 13G/A
Jan 29, 2024	blackrock inc.	5.7%	11,665,960	SC 13G
Aug 07, 2023	senvest management, llc	5.5%	11,089,340	SC 13G
May 05, 2023	blackrock inc.	4.6%	9,305,585	SC 13G/A
Feb 14, 2023	caisse de depot et placement du quebec	0%	0	SC 13G/A
Feb 14, 2023	bain capital venture fund 2014, l.p.	3.6%	7,230,388	SC 13G/A
Feb 13, 2023	capital research global investors	3.5%	6,999,655	SC 13G/A
Feb 09, 2023	vanguard group inc	6.67%	13,250,855	SC 13G

Recent SEC filings of AvidXchange Holdings, Inc.

View All Filings

Date Filed	Form Type	Document
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 17, 2024	4	Insider Trading
May 16, 2024	144	Notice of Insider Sale Intent
May 09, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
Apr 29, 2024	ARS	ARS

Peers (Alternatives to AvidXchange Holdings, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.1T	236.6B	2.04%	31.94%	36.24	13.2	13.97%	24.86%
ADBE	216.6B	19.9B	1.92%	34.16%	45.12	10.87	10.76%	1.35%
CRWD	82.6B	3.1B	17.82%	143.95%	924.45	27.03	36.33%	148.75%
SQ	44.6B	22.9B	-1.67%	21.44%	89.43	1.95	23.28%	240.37%
AKAM	14.5B	3.9B	-5.09%	8.50%	23.17	3.74	7.01%	28.42%
FFIV	10.2B	2.8B	-3.92%	22.69%	20.48	3.67	0.20%	52.82%
MID-CAP
ALTR	7.5B	619.6M	12.28%	29.55%	779.75	12.06	7.11%	116.83%
HCP	6.4B	583.1M	40.42%	1.19%	-33.59	10.98	22.54%	30.49%
ACIW	4.0B	1.5B	19.09%	52.81%	27.07	2.67	6.51%	54.77%
APPN	2.4B	560.0M	-6.27%	-15.47%	-22.61	4.34	14.52%	34.67%
SMALL-CAP
CSGS	1.3B	1.2B	-10.96%	-12.92%	19.76	1.09	3.70%	18.24%
ATEN	1.2B	254.7M	26.48%	15.07%	26.36	4.73	-7.51%	2.74%
BAND	590.0M	634.3M	29.78%	103.56%	-20.22	0.93	9.43%	-197.31%
DTSS	20.5M	23.3M	-8.22%	-61.16%	-1.79	0.88	336.57%	-92.79%
BLIN	13.0M	15.3M	-	31.58%	-1.29	0.85	-7.99%	-1417.41%

AvidXchange Holdings, Inc. News

Latest updates

AvidXchange Holdings, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	1.5%	105,598,000	104,064,000	98,680,000	91,154,000	86,822,000	86,175,000	82,411,000	76,561,000	71,203,000	69,265,000	65,176,000	58,754,000	55,214,000	51,407,000	47,600,000	-
Operating Expenses	-0.1%	79,374,000	79,492,000	77,542,000	81,410,000	74,470,000	78,672,000	74,645,000	68,830,000	63,717,000	101,246,000	55,518,000	51,604,000	48,685,000	-	40,128,000	-
S&GA Expenses	6.3%	19,741,000	18,577,000	18,735,000	20,076,000	20,135,000	19,805,000	20,241,000	20,448,000	17,239,000	19,763,000	16,118,000	14,547,000	13,511,000	-	11,763,000	-
R&D Expenses	3.9%	25,904,000	24,939,000	24,754,000	24,740,000	23,122,000	21,729,000	21,997,000	20,107,000	20,072,000	21,922,000	15,672,000	13,620,000	13,933,000	-	11,055,000	-
EBITDA Margin	450.9%	0.05	0.01	-0.05	-0.10	-0.12	-0.15	-0.33	-0.39	-0.41	-0.62	-0.23	-0.25	-0.27	-0.29	-	-
Interest Expenses	-2.2%	3,337,000	3,413,000	3,428,000	3,363,000	3,315,000	5,488,000	5,209,000	5,075,000	4,977,000	5,123,000	4,874,000	5,086,000	5,025,000	-	5,039,000	-
Income Taxes	-85.4%	125,000	856,000	134,000	135,000	70,000	114,000	69,000	69,000	69,000	-4,863,000	2,000	133,000	68,000	-	58,000	-
Earnings Before Taxes	75.6%	-884,000	-3,617,000	-7,957,000	-18,636,000	-15,920,000	-24,915,000	-25,302,000	-25,668,000	-25,078,000	-76,960,000	-35,525,000	-21,866,000	-69,958,000	-	-17,926,000	-
EBT Margin	35.8%	-0.08	-0.12	-0.19	-0.24	-0.28	-0.32	-0.51	-0.58	-0.60	-0.82	-0.43	-0.47	-0.50	-0.54	-	-
Net Income	77.4%	-1,009,000	-4,473,000	-8,091,000	-18,771,000	-15,990,000	-25,029,000	-25,371,000	-25,737,000	-25,147,000	-72,097,000	-35,527,000	-21,999,000	-70,026,000	-32,622,000	-17,984,000	-
Net Income Margin	34.9%	-0.08	-0.12	-0.19	-0.25	-0.28	-0.32	-0.50	-0.56	-0.59	-0.80	-0.69	-0.66	-0.72	-0.54	-	-
Free Cashflow	-132.7%	-6,352,000	19,442,000	5,655,000	8,983,000	-25,629,000	1,163,000	875,000	-5,425,000	-25,314,000	-27,352,000	-222,000	-21,149,000	-19,944,000	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet												(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Assets	-14.7%	2,119	2,484	2,121	2,087	1,950	2,212	1,913	2,012	1,932	2,266	1,459	727
Current Assets	-17.2%	1,738	2,099	1,731	1,693	1,551	1,808	1,502	1,599	1,516	1,858	1,076	432
Cash Equivalents	-15.6%	344	407	340	337	368	351	411	363	295	563	151	252
Net PPE	-0.9%	100	101	101	102	103	104	105	106	106	106	83.00	87.00
Goodwill	0%	166	166	166	166	166	166	166	166	166	166	161	106
Liabilities	-20.7%	1,449	1,827	1,472	1,443	1,300	1,555	1,240	1,324	1,227	1,543	1,182	405
Current Liabilities	-22.5%	1,296	1,673	1,313	1,281	1,137	1,391	1,029	1,112	1,016	1,332	960	213
Long Term Debt	-0.5%	69.00	70.00	75.00	75.00	76.00	76.00	123	123	121	120	102	98.00
LT Debt, Current	0%	6.00	6.00	6.00	6.00	6.00	6.00	5.00	5.00	5.00	5.00	1.00	1.00
LT Debt, Non Current	-100.0%	-	70.00	75.00	75.00	76.00	76.00	123	123	121	120	-	98.00
Shareholder's Equity	2.0%	670	656	648	645	651	657	671	688	704	723	-	-
Retained Earnings	-0.1%	-1,023	-1,022	-1,017	-1,009	-990	-974	-948	-923	-897	-871	-799	-672
Additional Paid-In Capital	0.8%	1,693	1,678	1,666	1,654	1,641	1,632	1,621	1,612	1,602	1,595	230	161
Shares Outstanding	1.1%	206	204	203	202	201	199	198	197	197	85.00	55.00	-
Float	-	-	-	-	1,649	-	-	-	976	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	-132.7%	-6,352	19,442	5,655	8,983	-25,629	1,163	875	-5,425	-25,314	-27,352	-222	-21,149	-19,944	-	-	-
Share Based Compensation	13.3%	10,959	9,675	11,229	11,021	8,931	8,071	8,718	8,258	6,791	13,100	1,157	1,105	847	-	-	-
Cashflow From Investing	-215.1%	-59,547	51,720	-3,278	-40,680	44,184	-15,689	46,730	72,297	-243,686	-19,869	-54,106	-6,034	-4,098	-	-	-
Cashflow From Financing	-202.1%	-355,612	348,320	36,732	139,375	-233,581	310,089	-95,997	93,446	-309,265	830,667	192,286	156,113	388,793	-	-	-

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AVDX Income Statement

2024-03-31

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 105,598	$ 86,822
Cost of revenues (exclusive of depreciation and amortization expense)	30,333	29,473
Operating expenses
Sales and marketing	19,741	20,135
Research and development	25,904	23,122
General and administrative	24,260	22,627
Impairment and write-off of intangible assets	162
Depreciation and amortization	9,307	8,586
Total operating expenses	79,374	74,470
Loss from operations	(4,109)	(17,121)
Other income (expense)
Interest income	6,562	4,516
Interest expense	(3,337)	(3,315)
Other income	3,225	1,201
Loss before income taxes	(884)	(15,920)
Income tax expense	125	70
Net loss	$ (1,009)	$ (15,990)
Net loss per share attributable to common stockholders, basic	$ (0)	$ (0.08)
Net loss per share attributable to common stockholders, diluted	$ (0)	$ (0.08)
Weighted average number of common shares used to compute net loss per share attributable to common stockholders, basic	204,896,718	199,900,920
Weighted average number of common shares used to compute net loss per share attributable to common stockholders, diluted	204,896,718	199,900,920

AVDX Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 343,660	$ 406,974
Restricted funds held for customers	1,220,459	1,578,656
Marketable securities	99,888	44,645
Accounts receivable, net of allowances of $4,271 and $4,231, respectively	48,877	46,689
Supplier advances receivable, net of allowances of $1,291 and $1,333 respectively	9,967	9,744
Prepaid expenses and other current assets	15,322	12,070
Total current assets	1,738,173	2,098,778
Property and equipment, net	100,114	100,985
Operating lease right-of-use assets	1,585	1,628
Deferred customer origination costs, net	27,216	27,663
Goodwill	165,921	165,921
Intangible assets, net	80,852	84,805
Other noncurrent assets and deposits	4,642	3,957
Total assets	2,118,503	2,483,737
Current liabilities
Accounts payable	15,433	16,777
Accrued expenses	39,558	56,367
Payment service obligations	1,220,459	1,578,656
Deferred revenue	12,455	12,851
Current maturities of lease obligations under finance leases	251	275
Current maturities of lease obligations under operating leases	1,691	1,525
Current maturities of long-term debt	6,425	6,425
Total current liabilities	1,296,272	1,672,876
Long-term liabilities
Deferred revenue, less current portion	13,808	14,742
Obligations under finance leases, less current maturities	62,595	62,464
Obligations under operating leases, less current maturities	2,909	3,275
Long-term debt	69,422	69,760
Other long-term liabilities	3,934	4,175
Total liabilities	1,448,940	1,827,292
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of March 31, 2024 and December 31, 2023
Common stock, $0.001 par value; 1,600,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 206,315,368 and 204,084,024 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	206	204
Additional paid-in capital	1,692,526	1,678,401
Accumulated deficit	(1,023,169)	(1,022,160)
Total stockholders' equity	669,563	656,445
Total liabilities and stockholders' equity	$ 2,118,503	$ 2,483,737

About AvidXchange Holdings, Inc.

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.

CEO	Mr. Michael Praeger
WEBSITE	avidxchange.com
INDUSTRY	Software - Infra
EMPLOYEES	1600

AvidXchange Holdings, Inc. Frequently Asked Questions

What is the ticker symbol for AvidXchange Holdings, Inc.? What does AVDX stand for in stocks?

AVDX is the stock ticker symbol of AvidXchange Holdings, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of AvidXchange Holdings, Inc. (AVDX)?

As of Fri May 17 2024, market cap of AvidXchange Holdings, Inc. is 2.33 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AVDX stock?

You can check AVDX's fair value in chart for subscribers.

What is the fair value of AVDX stock?

You can check AVDX's fair value in chart for subscribers. The fair value of AvidXchange Holdings, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of AvidXchange Holdings, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AVDX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is AvidXchange Holdings, Inc. a good stock to buy?

The fair value guage provides a quick view whether AVDX is over valued or under valued. Whether AvidXchange Holdings, Inc. is cheap or expensive depends on the assumptions which impact AvidXchange Holdings, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AVDX.

What is AvidXchange Holdings, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, AVDX's PE ratio (Price to Earnings) is -72.12 and Price to Sales (PS) ratio is 5.84. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AVDX PE ratio will change depending on the future growth rate expectations of investors.