AvidXchange (AVDX)

• Market cap: $2.17B
• 1 day: -0.66%
• 5 days: -5.38%
• 1 month: -1.40%
• 3 months: 30.69%
• 6 months: -3.65%
• Year to date: -12.66%
• 1 year: -11.93%
• 5 years: -57.66%
• 10 years: -57.66%
• Sector: Information Technology
• Industry: Prepackaged Software

About: AvidXchange Holdings Inc is a provider of AP automation software and payment solutions for middle-market businesses and their suppliers. It generates the majority of its sales from Payment revenue followed by Software revenue and Services revenue. The company generates revenue in the United States.

Employees: 1,600

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1,260% more call options, than puts

Call options by funds: $4.98M | Put options by funds: $366K

15% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 39

3% more funds holding

Funds holding: 185 [Q2] → 191 (+6) [Q3]

7% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 57

8.21% less ownership

Funds ownership: 86.51% [Q2] → 78.3% (-8.21%) [Q3]

39% less capital invested

Capital invested by funds: $2.16B [Q2] → $1.32B (-$836M) [Q3]

40% less funds holding in top 10

Funds holding in top 10: 10 [Q2] → 6 (-4) [Q3]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $8 24% downside
• Avg. target: $11.25 7% upside
• High target: $15 42% upside

10 analyst ratings

• positive: 3 30%
• neutral: 5 50%
• negative: 2 20%

Keefe, Bruyette & Woods Sanjay Sakhrani 55% 1-year accuracy 18 / 33 met price target	14% upside $12	Market Perform Maintained	9 Dec 2024
Keybanc Josh Beck 88% 1-year accuracy 21 / 24 met price target	23% upside $13	Overweight Maintained	5 Dec 2024
Goldman Sachs Will Nance 69% 1-year accuracy 29 / 42 met price target	5% downside $10	Sell Maintained	2 Dec 2024
Barclays Ramsey El-Assal 69% 1-year accuracy 37 / 54 met price target	23% upside $13	Overweight Maintained	18 Nov 2024
BMO Capital Rufus Hone 91% 1-year accuracy 21 / 23 met price target	4% upside $11	Market Perform Maintained	8 Nov 2024