AvidXchange (AVDX)

• Market cap: $1.85B
• 1 day: -1.43%
• 5 days: -9.01%
• 1 month: -15.67%
• 3 months: -22.43%
• 6 months: 12.38%
• Year to date: -13.31%
• 1 year: -26.25%
• 5 years: -63.95%
• 10 years: -63.95%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

3,805% more call options, than puts

Call options by funds: $6.56M | Put options by funds: $168K

67% more funds holding in top 10

Funds holding in top 10: 6 [Q3] → 10 (+4) [Q4]

58% more repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 50

45% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 29

20% more capital invested

Capital invested by funds: $1.35B [Q3] → $1.62B (+$270M) [Q4]

4% more funds holding

Funds holding: 191 [Q3] → 199 (+8) [Q4]

3.89% less ownership

Funds ownership: 79.96% [Q3] → 76.07% (-3.89%) [Q4]

Research analyst outlook

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

• Low target: $10 11% upside
• Avg. target: $11.33 26% upside
• High target: $13 45% upside

3 analyst ratings

• positive: 1 33%
• neutral: 1 33%
• negative: 1 33%

Keefe, Bruyette & Woods Sanjay Sakhrani 77% 1-year accuracy 30 / 39 met price target	22% upside $11	Market Perform Maintained	6 Jan 2025
Keybanc Josh Beck 77% 1-year accuracy 20 / 26 met price target	45% upside $13	Overweight Maintained	5 Dec 2024
Goldman Sachs Will Nance 68% 1-year accuracy 27 / 40 met price target	11% upside $10	Sell Maintained	2 Dec 2024