AVDX stock icon

AvidXchange
AVDX

$10.83
0.09%
 

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

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 11 analysts
0
News positive %
of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

1,512% more call options, than puts

Call options by funds: $25.4M | Put options by funds: $1.58M

28% more repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 57

27% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 26

9% more capital invested

Capital invested by funds: $1.96B [Q4 2023] → $2.15B (+$181M) [Q1 2024]

4% more funds holding

Funds holding: 185 [Q4 2023] → 192 (+7) [Q1 2024]

1.82% more ownership

Funds ownership: 78.05% [Q4 2023] → 79.87% (+1.82%) [Q1 2024]

11% less funds holding in top 10

Funds holding in top 10: 9 [Q4 2023] → 8 (-1) [Q1 2024]

Research analyst outlook

11 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$11.5
6%
upside
Avg. target
$13.55
25%
upside
High target
$16
48%
upside

11 analyst ratings

positive
36%
neutral
55%
negative
9%
Barclays
Ramsey El-Assal
29%upside
$14
Overweight
Maintained
13 May 2024
Goldman Sachs
Will Nance
6%upside
$11.5
Sell
Downgraded
15 Apr 2024
Piper Sandler
Clarke Jeffries
11%upside
$12
Neutral
Maintained
12 Apr 2024
Keefe, Bruyette & Woods
Sanjay Sakhrani
25%upside
$13.5
Market Perform
Initiated
9 Apr 2024
JP Morgan
Tien-Tsin Huang
39%upside
$15
Overweight
Maintained
29 Feb 2024

Financial journalist opinion

Based on 6 articles about AVDX published over the past 30 days