Middle Market Experiences Largest Increase in Spending Quarter over Quarter since 2017, AvidXchange Report Shows [MarketWatch]
AvidXchange Holdings, Inc. (AVDX)
NASDAQ:AMEX Investor Relations:
ir.avantdiagnostics.com
Company Research
Source: MarketWatch
Holdings, Inc. ("AvidXchange") (Nasdaq: AVDX), a leading provider of accounts payable and payment automation solutions for the middle market, today released the fourth report in its Middle Market Spending Trends series based on data captured from the ~58 million transactions processed over the last 12 months (as of Q2 2021) by AvidXchange through the AvidPay Network. The latest research shows that the middle market experienced the largest quarterly increase in spending since 2017, indicating recovery across several industries. The surge was powered by continued spending on technology to empower remote workforces, and dramatic turnarounds for retail, food service, and other leading sectors of the U.S. economy following the distribution of vaccines and relaxed mandates across the country. "It's important to analyze quarter over quarter growth, not just year over year, to identify micro-trends across different industries that provide insight into where and how businesses are spending
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News
- AvidXchange CEO Shares His Vision for Revolutionizing Software-Enabled Payments on Today's Marketplace [Yahoo! Finance]Yahoo! Finance
- AvidXchange CEO Shares His Vision for Revolutionizing Software-Enabled Payments on Today's MarketplacePR Newswire
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its "sell" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $11.50 price target on the stock, down previously from $13.00.MarketBeat
- AvidXchange Holdings, Inc. (NASDAQ: AVDX) had its price target lowered by analysts at Piper Sandler from $14.00 to $12.00. They now have a "neutral" rating on the stock.MarketBeat
- When Will AvidXchange Holdings, Inc. (NASDAQ:AVDX) Breakeven? [Yahoo! Finance]Yahoo! Finance
AVDX
Earnings
- 2/28/24 - Beat
AVDX
Sec Filings
- 3/28/24 - Form 3
- 3/28/24 - Form 3
- 3/26/24 - Form 8-K
- AVDX's page on the SEC website