Latest news with #AvidXchangeHoldings
Yahoo
2 days ago
- Business
- Yahoo
AvidXchange Holdings, Inc. (AVDX) Flat As Market Sinks: What You Should Know
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 monitoring the performance of AvidXchange Holdings, Inc. in its forthcoming earnings report. In that report, analysts expect AvidXchange Holdings, Inc. to post earnings of $0.06 per share. This would mark year-over-year growth of 20%. Alongside, our most recent consensus estimate is anticipating revenue of $111.03 million, indicating a 5.61% upward movement from the same quarter last year. AVDX's full-year Zacks Consensus Estimates are calling for earnings of $0.26 per share and revenue of $454.18 million. These results would represent year-over-year changes of 0% and +3.47%, respectively. Investors might also notice recent changes to analyst estimates for AvidXchange Holdings, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 60.71% higher. AvidXchange Holdings, Inc. currently has a Zacks Rank of #2 (Buy). Valuation is also important, so investors should note that AvidXchange Holdings, Inc. has a Forward P/E ratio of 37.62 right now. This represents a premium compared to its industry's average Forward P/E of 29.65. The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 23% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AvidXchange Holdings, Inc. (AVDX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
4 days ago
- Business
- Business Upturn
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Informatica Inc. (NYSE – INFA), Landsea Homes Corporation (Nasdaq – LSEA), AvidXchange Holdings, Inc. (Nasdaq – AVDX), FARO Technologies, Inc. (Nasdaq – FARO)
BALA CYNWYD, Pa., June 04, 2025 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you. Informatica Inc. (NYSE – INFA) Under the terms of the Merger Agreement, Informatica will be acquired by Salesforce (NYSE – CRM) for $25.00 per share in cash. The investigation concerns whether the Informatica Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the consideration provides fair value to the Company's shareholders. For example, the deal consideration is less than the 52-week of $31.65 for the Company's stock. Additional information can be found at Landsea Homes Corporation (Nasdaq – LSEA) Under the terms of the agreement, Landsea Homes will be acquired by New Home Co. ('New Home') for $11.30 per share in cash. The investigation concerns whether the Landsea Homes Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company's shareholders. For example, the deal consideration is below the 52-week high of $14.04 for the Company's shares. Additional information can be found at AvidXchange Holdings, Inc. (Nasdaq – AVDX) Under the terms of the agreement, AvidXchange Holdings will be acquired by TPG (Nasdaq – TPG) for $10.00 a share in cash in a transaction that values AvidXchange Holdings at $2.2 billion. The investigation concerns whether the AvidXchange Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company's shareholders. Additional information can be found at FARO Technologies, Inc. (Nasdaq – FARO) Under the terms of the Merger Agreement, FARO will be acquired by AMETEK, Inc. (NYSE – AME) for $44 per share in cash. The investigation concerns whether the FARO Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of the Company's shareholders in the combined company. Additional information can be found at Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
07-05-2025
- Business
- Yahoo
AvidXchange To Go Private For 22% Premium In M&A Deal
AvidXchange Holdings, Inc. (NASDAQ:AVDX) shares are trading higher premarket on Wednesday. On Tuesday, the company inked a deal to be acquired by Corpay, Inc. (NYSE:CPAY) and TPG Inc. (NASDAQ:TPG). The acquisition price is set at $10 per share in cash, valuing AvidXchange at $2.2 billion, and reflects a 22% increase over AvidXchange's closing stock price of $8.20 on May 6, 2025. It also represents a 16% premium compared to the 90-day average trading price up to that date and a 45% premium over the $6.89 closing price on March 12, 2025, the last trading day before potential transaction reports began circulating in the media. Also Read: Corpay Interests Align Well With Mastercard: Analyst According to the agreement, Corpay will invest around $500 million for a 33% ownership stake in the privatized company. The transaction is anticipated to be finalized in the fourth quarter of 2025, subject to shareholder and regulatory approvals and the fulfillment of customary closing conditions. The company anticipates this transaction will positively impact Corpay's earnings starting in 2026. The structure of taking AvidXchange private offers Corpay the agility to implement changes and accelerate profit expansion. Furthermore, Corpay retains the option to acquire the remaining ownership of AvidXchange in 2028. Ron Clarke, Chairman and CEO of Corpay said, 'AvidXchange has over 8,500 highly satisfied customers in complementary verticals. It has a large merchant payment network with a combination of virtual card and ACH+ acceptance.' 'Additionally, we really like AvidXchange's business model: diverse revenue streams from payments and software, high retention rates, and very little working capital and credit exposure.' John Flynn, Partner at TPG added, 'AvidXchange is addressing this need, providing a differentiated payment network and end-to-end tools that integrate seamlessly into workflows, enabling strong connectivity between businesses and their suppliers.' As of March 31, 2025, Corpay's cash and cash equivalents stood at $1.55 billion. Investors can gain exposure to the stock via Fidelity Disruptive Finance ETF (NASDAQ:FDFF) and Managed Portfolio Series Tremblant Global ETF (NYSE:TOGA). Price Action: AVDX shares are up 18.41% at $9.71 premarket at the last check on Wednesday. Read Next: Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.
