In the latest trading session, AvidXchange Holdings, Inc. (AVDX) closed at $9.78, marking no change from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.53%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq lost 0.83%.Prior to today's trading, shares of the company had gained 0.41% over the past month. This has lagged the Computer and Technology sector's gain of 8.67% and the S&P 500's gain of 5.17% in that time.The investment community will be closely mon ...

PHILADELPHIA, June 4, 2025 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating the fairness of the recently announced proposed buyout of AvidXchange Holdings, Inc. (NASDAQ: AVDX) ("AvidXchange") shareholders. Click here for additional information about your legal rights and options: https://kaskelalaw.com/case/avidxchange/ Kaskela Law LLCexclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis, which means that the f ...

New Survey Reveals Top Financial Operational Challenges and the Expanding Role of Automation in FinanceCHARLOTTE, 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 managemen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-40898 AvidXchange Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 86-3391192 (State or other jurisdiction of incorporation or orga ...

Group 1 - Monteverde & Associates PC has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - The firm is investigating AvidXchange Holdings, Inc. regarding its proposed merger with TPG and Corpay, which involves an acquisition price of $10.00 per share in cash [1] - The firm operates from the Empire State Building in New York City and has a successful track record in trial and appellate courts, including the U.S. Supreme Court [2][3] Group 2 - The firm emphasizes that no company, director, or officer is above the law, and encourages shareholders with concerns to reach out for additional information [3] - Monteverde & Associates PC is a national class action securities firm that litigates on behalf of shareholders [2][4]

PHILADELPHIA, May 07, 2025 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating the fairness of the recently announced proposed buyout of AvidXchange Holdings, Inc. (NASDAQ: AVDX) (“AvidXchange”) shareholders. Click here for additional information: https://kaskelalaw.com/case/avidxchange/ On May 6, 2025, AvidXchange announced that it had agreed to be acquired by an investment group led by private equity firm TPG at a price of $10.00 per share in cash. Following the closing of the proposed ...

Core Insights - AvidXchange Holdings, Inc. reported revenue of $107.94 million for the quarter ended March 2025, reflecting a year-over-year increase of 2.2% but a revenue surprise of -1.64% compared to the Zacks Consensus Estimate of $109.74 million [1] - The company's EPS for the quarter was $0.05, down from $0.06 in the same quarter last year, resulting in an EPS surprise of -16.67% against the consensus estimate of $0.06 [1] Performance Metrics - AvidXchange processed 19.7 million transactions, slightly below the average estimate of 19.73 million from four analysts [4] - The total payment volume for the quarter was $20.60 billion, compared to the average estimate of $20.77 billion from four analysts [4] - The transaction yield was reported at $5.48, which is lower than the four-analyst average estimate of $5.55 [4] Stock Performance - Over the past month, AvidXchange shares have returned +13.7%, outperforming the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - AvidXchange Holdings, Inc. reported quarterly earnings of $0.05 per share, missing the consensus estimate of $0.06 per share, representing a -16.67% earnings surprise [1]. Financial Performance - The company posted revenues of $107.94 million for the quarter ended March 2025, which was 1.64% below the consensus estimate and an increase from $105.6 million year-over-year [2]. - Over the last four quarters, AvidXchange has surpassed consensus EPS estimates two times and topped revenue estimates two times [2]. Stock Performance - AvidXchange shares have declined approximately 20.7% since the beginning of the year, compared to a -4.7% decline in the S&P 500 [3]. - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $111.76 million, and for the current fiscal year, it is $0.26 on revenues of $457.33 million [7]. - The trend for estimate revisions ahead of the earnings release was favorable, which may influence future stock movements [6]. Industry Context - The Internet - Software industry, to which AvidXchange belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8].

SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of AvidXchange Holdings, Inc. (NASDAQ: AVDX) breached their fiduciary duties in connection with the proposed sale of the Company to TPG Inc. (NASDAQ: TPG). On May 6, 2025, AvidXchange entered into a definitive agreement pursuant to which TPG will acquire all outstanding shares of the Company. Under the terms of the agreement, each holder of the Company’s c ...

Earnings Presentation First Quarter 2025 May 7, 2025 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements generally relate to future events or our future financial or operating performance and often contain words such as: "anticipate," "assume," "intend," "aim," "plan," "goal," "seek," "believe," "outlook," "project," "estimate," "expect," "future," "like ...