AvidXchangeAVDX
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 Q2 SEC filings by fund managers ($100M+ AUM)
2,190% more call options, than puts
Call options by funds: $7.9M | Put options by funds: $345K
41% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 54
25% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 10 (+2) [Q2]
1.48% more ownership
Funds ownership: 81.63% [Q1] → 83.11% (+1.48%) [Q2]
4% less funds holding
Funds holding: 193 [Q1] → 185 (-8) [Q2]
6% less capital invested
Capital invested by funds: $2.19B [Q1] → $2.07B (-$122M) [Q2]
22% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 37
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
B of A Securities Brad Sills 59% 1-year accuracy 19 / 32 met price target | 5%downside $8 | Underperform Maintained | 15 Oct 2024 |
Goldman Sachs Will Nance 68% 1-year accuracy 26 / 38 met price target | 17%downside $7 | Sell Maintained | 14 Oct 2024 |
Compass Point Dominick Gabriele 100% 1-year accuracy 5 / 5 met price target | 5%downside $8 | Neutral Initiated | 4 Sept 2024 |
JP Morgan Tien-Tsin Huang 63% 1-year accuracy 26 / 41 met price target | 7%upside $9 | Neutral Downgraded | 20 Aug 2024 |
Barclays Ramsey El-Assal 73% 1-year accuracy 30 / 41 met price target | 18%upside $10 | Overweight Maintained | 5 Aug 2024 |
Financial journalist opinion
Based on 6 articles about AVDX published over the past 30 days