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DOW   33,761.05
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What Is WallStreetBets and What Stocks Are They Targeting?
Stop Day Trading - More Here (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Stop Day Trading - More Here (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
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DOW   33,761.05
QQQ   330.39
What Is WallStreetBets and What Stocks Are They Targeting?
Stop Day Trading - More Here (Ad)pixel
Can You Guess Which EV Stock Is Beating Tesla ?
Closing prices for crude oil, gold and other commodities
Three Chinese corporate giants leaving NY stock exchange
Stop Day Trading - More Here (Ad)pixel
Wall Street builds on gains, heads for 4-week winning streak
Pipeline break spills 45,000 gallons of diesel in Wyoming
Judge revives Obama-era ban on coal sales from federal lands
Potential 500% Return From A Unique $1 Asset? (Ad)pixel
NYSE:AVLR

Avalara - AVLR Stock Forecast, Price & News

$92.25
+0.60 (+0.65%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$91.55
$92.28
50-Day Range
$68.03
$95.55
52-Week Range
$66.39
$191.67
Volume
10.47 million shs
Average Volume
1.53 million shs
Market Capitalization
$8.11 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$131.08

Avalara MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
42.1% Upside
$131.08 Price Target
Short Interest
Healthy
3.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.12
Upright™ Environmental Score
News Sentiment
-0.07mentions of Avalara in the last 14 days
Based on 31 Articles This Week
Insider Trading
Selling Shares
$5.17 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.38) to ($1.29) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.68 out of 5 stars

Computer And Technology Sector

108th out of 659 stocks

Prepackaged Software Industry

20th out of 230 stocks

AVLR stock logo

About Avalara (NYSE:AVLR) Stock

Avalara, Inc., together with its subsidiaries, provides cloud-based solutions for transaction tax compliance worldwide. The company offers a suite of compliance solutions that enable businesses to address the complexity of transaction tax compliance; process transactions in real time; produce detailed records of transaction tax determinations; and reduce errors, audit exposure, and total transaction tax compliance costs. The company's solutions include AvaTax, a solution for determining sales tax in the United States; Avalara Compliance Cloud Returns for tax return preparation, filing, and remittance; which creates, validates, stores, and manages sales tax exemption. It also provides professional services, including nexus studies and back filing services, voluntary compliance initiatives, tax registrations, reverse audits, audit defense, and specialized tax research. The company was formerly known as Advantage Solutions, Inc. and changed its name to Avalara, Inc. in December 2005. Avalara, Inc. was incorporated in 1999 and is headquartered in Seattle, Washington.

Avalara Price Performance

Shares of NYSE:AVLR opened at $92.25 on Friday. Avalara has a 52 week low of $66.39 and a 52 week high of $191.67. The company has a 50-day moving average price of $82.77 and a 200 day moving average price of $88.37. The company has a market cap of $8.11 billion, a P/E ratio of -51.83 and a beta of 1.08. The company has a quick ratio of 3.15, a current ratio of 3.18 and a debt-to-equity ratio of 0.94.

Avalara (NYSE:AVLR - Get Rating) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.06. Avalara had a negative return on equity of 12.44% and a negative net margin of 19.76%. The business had revenue of $208.60 million during the quarter, compared to analysts' expectations of $209.19 million. During the same period last year, the firm earned ($0.25) EPS. The company's quarterly revenue was up 23.4% compared to the same quarter last year. Research analysts predict that Avalara will post -1.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AVLR. The Goldman Sachs Group dropped their price objective on Avalara from $123.00 to $109.00 and set a "buy" rating on the stock in a report on Thursday, July 14th. BMO Capital Markets cut Avalara from an "outperform" rating to a "market perform" rating in a research note on Tuesday. Canaccord Genuity Group decreased their price objective on Avalara from $140.00 to $100.00 and set a "buy" rating for the company in a report on Friday, May 6th. Berenberg Bank cut shares of Avalara from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, Mizuho cut shares of Avalara to a "neutral" rating and set a $93.50 price target for the company. in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Avalara presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.08.

Insider Buying and Selling at Avalara

In other news, insider Scott M. Mcfarlane sold 20,000 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $91.82, for a total value of $1,836,400.00. Following the completion of the transaction, the insider now owns 583,644 shares in the company, valued at approximately $53,590,192.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 60,000 shares of company stock valued at $5,170,200. 2.40% of the stock is owned by company insiders.

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AVLR Stock News Headlines

Avalara, Inc. (NYSE:AVLR) Insider Sells $1,836,400.00 in Stock
Avalara (NYSE:AVLR) Cut to "Hold" at Berenberg Bank
Recap: Avalara Q2 Earnings - Benzinga
Avalara (NYSE:AVLR) Lowered to "Neutral" at Piper Sandler
Avalara (AVLR) to Release Quarterly Earnings on Monday
See More Headlines
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AVLR Company Calendar

Last Earnings
8/08/2022
Today
8/13/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
4,465
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$131.08
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$93.50
Forecasted Upside/Downside
+42.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
14 Analysts

Profitability

Net Income
$-125,230,000.00
Pretax Margin
-19.03%

Debt

Sales & Book Value

Annual Sales
$698.98 million
Book Value
$11.63 per share

Miscellaneous

Free Float
85,751,000
Market Cap
$8.11 billion
Optionable
Optionable
Beta
1.08














AVLR Stock - Frequently Asked Questions

Should I buy or sell Avalara stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avalara in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AVLR shares.
View AVLR analyst ratings
or view top-rated stocks.

What is Avalara's stock price forecast for 2022?

14 Wall Street analysts have issued 1-year price objectives for Avalara's stock. Their AVLR share price forecasts range from $93.50 to $200.00. On average, they anticipate the company's share price to reach $131.08 in the next year. This suggests a possible upside of 42.1% from the stock's current price.
View analysts price targets for AVLR
or view top-rated stocks among Wall Street analysts.

How have AVLR shares performed in 2022?

Avalara's stock was trading at $129.11 at the beginning of 2022. Since then, AVLR stock has decreased by 28.5% and is now trading at $92.25.
View the best growth stocks for 2022 here
.

Are investors shorting Avalara?

Avalara saw a drop in short interest in July. As of July 15th, there was short interest totaling 3,190,000 shares, a drop of 17.8% from the June 30th total of 3,880,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is presently 2.8 days. Approximately 3.7% of the shares of the stock are short sold.
View Avalara's Short Interest
.

When is Avalara's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our AVLR earnings forecast
.

How were Avalara's earnings last quarter?

Avalara, Inc. (NYSE:AVLR) announced its quarterly earnings results on Monday, August, 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.06. The company had revenue of $208.60 million for the quarter, compared to the consensus estimate of $209.19 million. Avalara had a negative net margin of 19.76% and a negative trailing twelve-month return on equity of 12.44%. The firm's revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.25) EPS.

What guidance has Avalara issued on next quarter's earnings?

Avalara issued an update on its second quarter 2022 earnings guidance on Monday, May, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $208.00 million-$210.00 million, compared to the consensus revenue estimate of $205.65 million.

What is Scott McFarlane's approval rating as Avalara's CEO?

322 employees have rated Avalara Chief Executive Officer Scott McFarlane on Glassdoor.com. Scott McFarlane has an approval rating of 90% among the company's employees.

What other stocks do shareholders of Avalara own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Avalara investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Block (SQ), Micron Technology (MU), Twilio (TWLO), Roku (ROKU), Salesforce (CRM), Splunk (SPLK) and PayPal (PYPL).

When did Avalara IPO?

(AVLR) raised $150 million in an initial public offering on Friday, June 15th 2018. The company issued 7,500,000 shares at a price of $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan Securities and BofA Merrill Lynch acted as the underwriters for the IPO and JMP Securities, KeyBanc Capital Markets and Stifel were co-managers.

What is Avalara's stock symbol?

Avalara trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVLR."

Who are Avalara's major shareholders?

Avalara's stock is owned by many different institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (3.74%), Kayne Anderson Rudnick Investment Management LLC (3.22%), Parnassus Investments LLC (2.21%), William Blair Investment Management LLC (2.05%), Riverbridge Partners LLC (1.85%) and Allspring Global Investments Holdings LLC (1.36%). Insiders that own company stock include Alesia Lee Pinney, Amit Mathradas, Chelsea R Stoner, Daniel E Manning, Edward A Gilhuly, Justin Sadrian, Kathleen Zwickert, Marion R Foote, Rajeev Singh, Ross Tennenbaum, Scott M Mcfarlane, Scott M Mcfarlane and William Ingram.
View institutional ownership trends
.

How do I buy shares of Avalara?

Shares of AVLR 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 Avalara's stock price today?

One share of AVLR stock can currently be purchased for approximately $92.25.

How much money does Avalara make?

Avalara (NYSE:AVLR) has a market capitalization of $8.11 billion and generates $698.98 million in revenue each year. The company earns $-125,230,000.00 in net income (profit) each year or ($1.78) on an earnings per share basis.

How many employees does Avalara have?

The company employs 4,465 workers across the globe.

How can I contact Avalara?

Avalara's mailing address is 255 SOUTH KING STREET SUITE 1800, SEATTLE WA, 98104. The official website for the company is www.avalara.com. The company can be reached via phone at (206) 826-4900 or via email at investor@avalara.com.

This page (NYSE:AVLR) was last updated on 8/13/2022 by MarketBeat.com Staff

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