AvidXchange downgraded by Piper Sandler with a new price target
$AVDX
Computer Software: Prepackaged Software
Technology
Piper Sandler downgraded AvidXchange from Overweight to Neutral and set a new price target of $13.00 from $12.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/4/2025 | $13.00 → $8.00 | Overweight → Equal Weight | Barclays |
| 2/27/2025 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 12/11/2024 | $14.00 | Buy | BTIG Research |
| 11/7/2024 | $8.00 → $15.00 | Neutral → Buy | Compass Point |
| 9/4/2024 | $8.00 | Neutral | Compass Point |
| 8/20/2024 | $11.00 → $9.00 | Overweight → Neutral | JP Morgan |
| 8/1/2024 | $15.00 → $10.00 | Buy → Neutral | UBS |
| 4/15/2024 | $13.00 → $11.50 | Neutral → Sell | Goldman |
SC 13G/A - AvidXchange Holdings, Inc. (0001858257) (Subject)
SC 13G - AvidXchange Holdings, Inc. (0001858257) (Subject)
SC 13G - AvidXchange Holdings, Inc. (0001858257) (Subject)
CHARLOTTE, N.C., May 20, 2025 (GLOBE NEWSWIRE) -- AvidXchange Inc. (NASDAQ:AVDX) a leading provider in accounts payable (AP) automation software and payment solutions for mid-market businesses and their suppliers, today announced findings from its 2025 Media Agency Health Survey. The survey polled financial leaders at U.S. media and advertising agencies, revealing rising concerns about cash flow management and growing demand for AI-driven solutions to strengthen their financial health. Key Drivers of Financial HealthAgencies cited revenue growth (92%), data protection (91%), and fraud prevention (88%) as vital to financial stability. Cash flow, improved invoicing, talent management, and
Q1'25 revenue growth of 2.2% impacted by a combination of lower transaction volume due to macro weakness and higher comparable float and political contributions in Q1'24Q1'25 versus Q1'24 GAAP gross margin expansion continues on lower unit cost and despite lower year over year transaction volume growthQ1'25 versus Q1'24 net cash provided by operating activities swings to $7.4 million from a use of ($6.4) million in the year ago periodThe Company sustains strong balance sheet with cash and marketable securities of $389.3 million CHARLOTTE, N.C., May 07, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automatio
Makes $500 million minority investment in take-private transaction with option to acquire 100% Corpay, Inc. (NYSE:CPAY), a leading corporate payments company, today announced that it has signed a definitive agreement to make a minority investment in AvidXchange Holdings, Inc (NASDAQ:AVDX) ("AvidXchange") as part of a transaction to take AvidXchange private alongside TPG for $10.00 per share in a cash transaction that values AvidXchange at $2.2 billion. Under the agreement, Corpay will invest approximately $500 million for a 33% equity stake in the company. The transaction is expected to close in the fourth quarter of 2025, subject to shareholder and regulatory approval and standard closin
SCHEDULE 13G - AvidXchange Holdings, Inc. (0001858257) (Subject)
SCHEDULE 13G/A - AvidXchange Holdings, Inc. (0001858257) (Subject)
DEFA14A - AvidXchange Holdings, Inc. (0001858257) (Filer)
4 - AvidXchange Holdings, Inc. (0001858257) (Issuer)
4 - AvidXchange Holdings, Inc. (0001858257) (Issuer)
4 - AvidXchange Holdings, Inc. (0001858257) (Issuer)
Barclays downgraded AvidXchange from Overweight to Equal Weight and set a new price target of $8.00 from $13.00 previously
KeyBanc Capital Markets downgraded AvidXchange from Overweight to Sector Weight
BTIG Research resumed coverage of AvidXchange with a rating of Buy and set a new price target of $14.00
CHARLOTTE, N.C., Aug. 02, 2023 (GLOBE NEWSWIRE) -- AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that John Feldman has been elevated to the role of Chief Operating Officer of AvidXchange, Inc. Feldman will continue to oversee the transformation of the company's service and fulfillment operations around standardization, sourcing and automation. Additionally, Doug Anderson has joined AvidXchange, Inc. as Chief Product Officer to lead the company's product strategy and innovation. Feldman joined AvidXchange in 2019 as Senior Vice President of Operations. Prior to joining the
Q1'25 revenue growth of 2.2% impacted by a combination of lower transaction volume due to macro weakness and higher comparable float and political contributions in Q1'24Q1'25 versus Q1'24 GAAP gross margin expansion continues on lower unit cost and despite lower year over year transaction volume growthQ1'25 versus Q1'24 net cash provided by operating activities swings to $7.4 million from a use of ($6.4) million in the year ago periodThe Company sustains strong balance sheet with cash and marketable securities of $389.3 million CHARLOTTE, N.C., May 07, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automatio
CHARLOTTE, N.C., May 06, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX) ("AvidXchange" or the "Company"), a leading provider of accounts payable (AP) automation software and payment solutions, today announced that it has entered into a definitive agreement to be acquired by TPG (NASDAQ:TPG), a global alternative asset management firm, in partnership with Corpay, a global leader in corporate payments. TPG and Corpay will acquire AvidXchange for $10.00 per share in a cash transaction that values AvidXchange at $2.2 billion. TPG will acquire a majority interest in AvidXchange through TPG Capital, the firm's U.S. and European private equity platform. Corpay will acquire a mi
CHARLOTTE, N.C., April 08, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its first quarter 2025 ended March 31, 2025, financial results will be released on Wednesday, May 7, 2025. AvidXchange plans to host a conference call at 10:00 AM ET on May 7, 2025, to discuss the company's financial results. The call will be broadcast live via webcast at https://ir.avidxchange.com/. Following the completion of the call, a recorded replay of the call will be available on the AvidXchange Investor Relations website. About Avid