AvidXchange (AVDX)

• Market cap: $2.14B
• 1 day: 0.29%
• 5 days: 6.77%
• 1 month: 0.58%
• 3 months: 20.35%
• 6 months: -17.38%
• Year to date: 0.39%
• 1 year: -5.54%
• 5 years: -58.26%
• 10 years: -58.26%
• 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

18% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 38

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

8.78% less ownership

Funds ownership: 88.74% [Q2] → 79.96% (-8.78%) [Q3]

39% less capital invested

Capital invested by funds: $2.21B [Q2] → $1.35B (-$863M) [Q3]

40% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $10 4% downside
• Avg. target: $11.50 10% upside
• High target: $15 44% upside

9 analyst ratings

• positive: 3 33%
• neutral: 5 56%
• negative: 1 11%

Keefe, Bruyette & Woods Sanjay Sakhrani 80% 1-year accuracy 28 / 35 met price target	6% upside $11	Market Perform Maintained	6 Jan 2025
Keybanc Josh Beck 82% 1-year accuracy 18 / 22 met price target	25% upside $13	Overweight Maintained	5 Dec 2024
Goldman Sachs Will Nance 68% 1-year accuracy 25 / 37 met price target	4% downside $10	Sell Maintained	2 Dec 2024
Barclays Ramsey El-Assal 63% 1-year accuracy 32 / 51 met price target	25% upside $13	Overweight Maintained	18 Nov 2024
BMO Capital Rufus Hone 88% 1-year accuracy 21 / 24 met price target	6% upside $11	Market Perform Maintained	8 Nov 2024