Avantax (AVTA) Stock Forecast, Price & News

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.

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.

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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our AVTA earnings forecast.

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%.

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).

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.

Avantax trades on the NASDAQ under the ticker symbol "AVTA."

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.

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.
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One share of AVTA stock can currently be purchased for approximately $25.59.

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.

The company employs 727 workers across the globe.

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.