NYSE:AVLR - Avalara Stock Price, Forecast & News

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

Avalara Inc (NYSE:AVLR) announced its earnings results on Wednesday, February, 12th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.08) by $0.05. The company had revenue of $107.63 million for the quarter, compared to analyst estimates of $100.09 million. Avalara had a negative return on equity of 11.05% and a negative net margin of 12.31%. The firm's quarterly revenue was up 39.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.19) earnings per share. View Avalara's Earnings History.

Avalara is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Avalara.

Avalara issued an update on its FY 2020 After-Hours earnings guidance on Wednesday, February, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $470-474 million, compared to the consensus revenue estimate of $469.47 million.

14 analysts have issued 1 year price targets for Avalara's shares. Their forecasts range from $5.40 to $120.00. On average, they expect Avalara's stock price to reach $93.18 in the next year. This suggests a possible upside of 12.3% from the stock's current price. View Analyst Price Targets for Avalara.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avalara in the last year. There are currently 13 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Avalara.

News headlines about AVLR stock have trended extremely negative on Thursday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Avalara earned a coverage optimism score of -4.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Avalara.

Avalara saw a drop in short interest during the month of February. As of February 14th, there was short interest totalling 1,420,000 shares, a drop of 8.4% from the January 30th total of 1,550,000 shares. Based on an average daily trading volume, of 670,700 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.1% of the shares of the company are sold short. View Avalara's Current Options Chain.

Some companies that are related to Avalara include Splunk (SPLK), ANSYS (ANSS), Synopsys (SNPS), Veeva Systems (VEEV), Cadence Design Systems (CDNS), Paycom Software (PAYC), Atlassian (TEAM), Check Point Software Technologies (CHKP), Twilio (TWLO), Okta (OKTA), Tableau Software (DATA), SS&C Technologies (SSNC), Docusign (DOCU), Citrix Systems (CTXS) and Datadog (DDOG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Avalara investors own include NVIDIA (NVDA), Alibaba Group (BABA), Twilio (TWLO), Advanced Micro Devices (AMD), Micron Technology (MU), Johnson & Johnson (JNJ), Roku (ROKU), Walmart (WMT), Cisco Systems (CSCO) and Bank of America (BAC).

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

Avalara's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Janus Henderson Group PLC (7.03%), Kayne Anderson Rudnick Investment Management LLC (4.06%), Fred Alger Management LLC (3.90%), Renaissance Technologies LLC (3.30%), William Blair Investment Management LLC (2.63%) and Alliancebernstein L.P. (2.04%). Company insiders that own Avalara stock include Alesia Lee Pinney, Benjamin J Goux, Chelsea R Stoner, Daniel E Manning, Edward A Gilhuly, Jared R Vogt, Justin Sadrian, Pincus & Co Warburg, Scott M Mcfarlane and William Ingram. View Institutional Ownership Trends for Avalara.

AVLR stock was sold by a variety of institutional investors in the last quarter, including Maplelane Capital LLC, Fred Alger Management LLC, Alliancebernstein L.P., First Trust Advisors LP, Redwood Investments LLC, Bank of New York Mellon Corp, Capital World Investors and Barclays PLC. Company insiders that have sold Avalara company stock in the last year include Alesia Lee Pinney, Benjamin J Goux, Chelsea R Stoner, Daniel E Manning, Edward A Gilhuly, Justin Sadrian, Pincus & Co Warburg, Scott M Mcfarlane and William Ingram. View Insider Buying and Selling for Avalara.

AVLR stock was purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Nomura Asset Management Co. Ltd., Amundi Pioneer Asset Management Inc., Dorsey Asset Management LLC, Artisan Partners Limited Partnership, Raymond James & Associates, Thornburg Investment Management Inc. and Pathway Capital Management LP. View Insider Buying and Selling for Avalara.

Shares of AVLR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of AVLR stock can currently be purchased for approximately $82.97.

Avalara has a market capitalization of $6.38 billion and generates $382.42 million in revenue each year. The company earns $-50,210,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis. Avalara employs 1,592 workers across the globe.View Additional Information About Avalara.

The official website for Avalara is http://www.avalara.com/.

Avalara's mailing address is 255 SOUTH KING STREET SUITE 1800, SEATTLE WA, 98104. The company can be reached via phone at 206-826-4900 or via email at [email protected]