NASDAQ:AVTA Avantax (AVTA) Stock Forecast, Price & News $25.59 +0.07 (+0.27%) (As of 09/25/2023 ET) Add Compare Share Share Today's Range$25.52▼$25.6450-Day Range$19.85▼$26.2152-Week Range$17.94▼$30.23Volume306,785 shsAverage Volume523,718 shsMarket Capitalization$940.69 millionP/E Ratio3.49Dividend YieldN/APrice Target$28.67 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Avantax MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside12.0% Upside$28.67 Price TargetShort InterestHealthy3.15% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth132.43%From $0.37 to $0.86 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.92 out of 5 starsFinance Sector658th out of 836 stocksNondepository Credit Institutions Industry20th out of 44 stocks 2.1 Analyst's Opinion Consensus RatingAvantax has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $28.67, Avantax has a forecasted upside of 12.0% from its current price of $25.59.Amount of Analyst CoverageAvantax has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.15% of the float of Avantax has been sold short.Short Interest Ratio / Days to CoverAvantax has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Avantax has recently increased by 34.37%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldAvantax does not currently pay a dividend.Dividend GrowthAvantax does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AVTA. Previous Next 0.0 News and Social Media Coverage MarketBeat FollowsOnly 1 people have added Avantax to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Avantax insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 3.39% of the stock of Avantax is held by insiders.Percentage Held by Institutions91.63% of the stock of Avantax is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Avantax are expected to grow by 132.43% in the coming year, from $0.37 to $0.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Avantax is 3.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.38.Price to Earnings Ratio vs. SectorThe P/E ratio of Avantax is 3.49, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 83.73.Price to Earnings Growth RatioAvantax has a PEG Ratio of 4.60. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAvantax has a P/B Ratio of 1.66. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Avantax (NASDAQ:AVTA) StockAvantax, Inc. provides wealth management solutions to consumers, small business owners, tax professionals, financial professionals, and certified public accounting firms in the United States. The company offers an integrated platform of technical, practice, compliance, operations, sales, and product support tools that enable to offer tax-advantaged planning, investing, and wealth management services. It also provides financial planning and advisory services, and retirement plan solutions. The company was formerly known as Blucora, Inc. and changed its name to Avantax, Inc. in January 2023. Avantax, Inc. was founded in 1983 and is headquartered in Dallas, Texas.Read More AVTA Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart AVTA Stock News HeadlinesSeptember 14, 2023 | bizjournals.comDallas-based tax-focused firm Avantax to be acquired in $1.2B take-private dealSeptember 13, 2023 | msn.comAvantax (NASDAQ:AVTA) Soars on $1.2B Acquisition by Cetera HoldingsSeptember 26, 2023 | Legacy Research (Ad)WARNING: Mandatory U.S. Dollar Recall is Weeks AwayIf you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.September 13, 2023 | msn.comCetera to Aquire Avantax in $1.2 Billion Cash DealSeptember 11, 2023 | markets.businessinsider.comCash Windfall For Avantax Stockholders - Stock Jumps On Buyout DealSeptember 11, 2023 | barrons.comCetera to Buy Avantax in $1.2 Billion DealSeptember 11, 2023 | benzinga.comAVTA Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Avantax to Cetera Financial GroupSeptember 11, 2023 | benzinga.comShareholder Alert: Ademi LLP investigates whether Avantax, Inc. has obtained a Fair Price in its transaction with CeteraSeptember 26, 2023 | Legacy Research (Ad)WARNING: Mandatory U.S. Dollar Recall is Weeks AwayIf you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.September 11, 2023 | marketwatch.comAvantax Shares Jump 28% on $1.2 Billion Takeover Deal >AVTASeptember 11, 2023 | bizjournals.comDallas public company to be acquired in $1.2 billion take-private dealSeptember 11, 2023 | marketwatch.comAvantax to go private in deal valued at $1.2BSeptember 11, 2023 | marketwatch.comAvantax to Go Private in $1.2 Billion Deal >AVTASeptember 11, 2023 | technews.tmcnet.comAVTA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Avantax, Inc. Is Fair to ShareholdersSeptember 11, 2023 | markets.businessinsider.comAvantax To Be Acquired By Cetera Holdings For Around $1.2 Bln; Stock Up In Pre-marketSeptember 11, 2023 | markets.businessinsider.comAvantax Enters into Definitive Agreement to be Acquired by Cetera HoldingsSeptember 11, 2023 | msn.comAvantax jumps after agreement to be sold to Cetera for $26 a shareSeptember 6, 2023 | markets.businessinsider.comAvantax Welcomes Anna Luke and Her Comprehensive Financial Services Team with over $230 Million in Total Client AssetsAugust 23, 2023 | tmcnet.comAvantax Named Finalist in Service Excellence Category at the 2023 WealthManagement.com "Wealthies" Industry AwardsAugust 11, 2023 | fool.comAvantax (NASDAQ: AVTA)August 11, 2023 | finance.yahoo.comWhy Avantax Stock Was Down 19.9% This WeekAugust 10, 2023 | markets.businessinsider.comBarrington Reaffirms Their Buy Rating on Avantax (AVTA)August 9, 2023 | sfgate.comAvantax: Q2 Earnings SnapshotAugust 9, 2023 | finance.yahoo.comAvantax Reports Second Quarter 2023 ResultsJuly 31, 2023 | finance.yahoo.comAvantax to Announce Second Quarter 2023 Financial Results Wednesday, August 9, 2023July 18, 2023 | finance.yahoo.comSYF or AVTA: Which Is the Better Value Stock Right Now?July 11, 2023 | msn.comAvantax gains amid report of sale explorationSee More Headlines Receive AVTA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Avantax and its competitors with MarketBeat's FREE daily newsletter. Email Address AVTA Company Calendar Last Earnings8/09/2023Today9/25/2023Next Earnings (Estimated)11/07/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Nondepository credit institutions Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:AVTA CUSIPN/A CIK1068875 Webwww.blucora.com Phone(972) 870-6400Fax425-201-6150Employees727Year FoundedN/APrice Target and Rating Average Stock Price Forecast$28.67 High Stock Price Forecast$30.00 Low Stock Price Forecast$26.00 Forecasted Upside/Downside+12.0%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$7.33 Trailing P/E Ratio3.49 Forward P/E Ratio69.16 P/E Growth4.6Net Income$420.25 million Net Margins49.57% Pretax Margin1.38% Return on Equity-2.52% Return on Assets-1.37% Debt Debt-to-Equity Ratio0.61 Current Ratio2.37 Quick Ratio2.37 Sales & Book Value Annual Sales$702.33 million Price / Sales1.34 Cash Flow$0.85 per share Price / Cash Flow30.07 Book Value$15.44 per share Price / Book1.66Miscellaneous Outstanding Shares36,760,000Free Float35,514,000Market Cap$940.69 million OptionableOptionable Beta1.28 Elon Musk's Next MoveWondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.Get This Free Report Key ExecutivesMr. Christopher W. Walters (Age 49)Pres, CEO & Exec. Director Comp: $2.35MMr. Marc Mehlman (Age 46)CFO & Treasurer Comp: $1.11MMr. Todd Christopher Mackay A.B. (Age 48)B.A., Pres of Wealth Management Comp: $1.02MJennifer HutchinsCo-Chief Investment OfficerMr. Ivan Paul Gruhl C.F.A.VP & Co-Chief Investment OfficerMr. Chris McClellenChief Technology OfficerDee LittrellInvestor RelationsMs. Tabitha T. Bailey (Age 37)Chief Legal Officer & Corp. Sec. Ms. Melissa LonerVP & Chief Compliance OfficerBlynn AustinVP of CommunicationsMore ExecutivesKey CompetitorsPerella Weinberg PartnersNASDAQ:PWPSprottNYSE:SIICrescent Capital BDCNASDAQ:CCAPloanDepotNYSE:LDIRunway Growth FinanceNASDAQ:RWAYView All CompetitorsInsiders & InstitutionsCalifornia State Teachers Retirement SystemBought 44,407 shares on 8/21/2023Ownership: 0.121%Nuveen Asset Management LLCBought 128,123 shares on 8/16/2023Ownership: 0.349%State of Tennessee Treasury DepartmentBought 26,092 shares on 8/15/2023Ownership: 0.071%Wells Fargo & Company MNBought 18,772 shares on 8/15/2023Ownership: 0.051%Royal Bank of CanadaBought 7,430 shares on 8/15/2023Ownership: 0.020%View All Insider TransactionsView All Institutional Transactions AVTA Stock - Frequently Asked Questions Should I buy or sell Avantax stock right now? 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avantax in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AVTA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVTA, but not buy additional shares or sell existing shares. View AVTA analyst ratings or view top-rated stocks. What is Avantax's stock price forecast for 2023? 4 analysts have issued 1-year price objectives for Avantax's stock. Their AVTA share price forecasts range from $26.00 to $30.00. On average, they predict the company's stock price to reach $28.67 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts price targets for AVTA or view top-rated stocks among Wall Street analysts. How have AVTA shares performed in 2023? Avantax's stock was trading at $28.90 at the start of the year. Since then, AVTA shares have decreased by 11.5% and is now trading at $25.59. View the best growth stocks for 2023 here. Are investors shorting Avantax? Avantax saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,120,000 shares, an increase of 34.4% from the August 15th total of 833,500 shares. Based on an average daily volume of 424,100 shares, the short-interest ratio is presently 2.6 days. Currently, 3.2% of the company's shares are short sold. View Avantax's Short Interest. When is Avantax's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023. View our AVTA earnings forecast. How were Avantax's earnings last quarter? Avantax, Inc. (NASDAQ:AVTA) posted its quarterly earnings data on Wednesday, August, 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by $0.08. The business earned $186.93 million during the quarter, compared to analysts' expectations of $187.91 million. Avantax had a net margin of 49.57% and a negative trailing twelve-month return on equity of 2.52%. What ETFs hold Avantax's stock? ETFs with the largest weight of Avantax (NASDAQ:AVTA) stock in their portfolio include SPDR S&P Capital Markets ETF (KCE), Syntax Stratified SmallCap ETF (SSLY) and Global X FinTech Thematic ETF (FINX).iShares Micro-Cap ETF (IWC). What guidance has Avantax issued on next quarter's earnings? Avantax issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of $1.22-$1.30 for the period, compared to the consensus earnings per share estimate of $0.60. The company issued revenue guidance of $753.00 million-$756.00 million, compared to the consensus revenue estimate of $755.33 million. What is Avantax's stock symbol? Avantax trades on the NASDAQ under the ticker symbol "AVTA." Who are Avantax's major shareholders? Avantax's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.31%), Van Berkom & Associates Inc. (5.69%), Dimensional Fund Advisors LP (4.27%), State Street Corp (4.11%), Renaissance Technologies LLC (2.37%) and Engine Capital Management LP (2.38%). View institutional ownership trends. How do I buy shares of Avantax? Shares of AVTA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Avantax's stock price today? One share of AVTA stock can currently be purchased for approximately $25.59. How much money does Avantax make? Avantax (NASDAQ:AVTA) has a market capitalization of $940.69 million and generates $702.33 million in revenue each year. The company earns $420.25 million in net income (profit) each year or $7.33 on an earnings per share basis. How many employees does Avantax have? The company employs 727 workers across the globe. How can I contact Avantax? Avantax's mailing address is 3200 Olympus Blvd Suite 100, Dallas TX, 75019. The official website for the company is www.blucora.com. The company can be reached via phone at (972) 870-6400, via email at ir@blucora.com, or via fax at 425-201-6150. This page (NASDAQ:AVTA) was last updated on 9/26/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Avantax, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.