AvidXchangeAVDX
Market Cap: 2.57B
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 Q1 SEC filings by fund managers ($100M+ AUM)
1,658% more call options, than puts
Call options by funds: $28.9M | Put options by funds: $1.65M
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
9 Wall Street Analysts provided 1 year price forecasts over the past 6 months
9 analyst ratings
Barclays Ramsey El-Assal | 13%upside $14 | Overweight Maintained | 13 May 2024 |
Goldman Sachs Will Nance | 7%downside $11.5 | Sell Downgraded | 15 Apr 2024 |
Piper Sandler Clarke Jeffries | 3%downside $12 | Neutral Maintained | 12 Apr 2024 |
Keefe, Bruyette & Woods Sanjay Sakhrani | 9%upside $13.5 | Market Perform Initiated | 9 Apr 2024 |
JP Morgan Tien-Tsin Huang | 21%upside $15 | Overweight Maintained | 29 Feb 2024 |
Financial journalist opinion
Based on 5 articles about AVDX published over the past 30 days