Avalara Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avalara in the last twelve months. There are currently 1 hold rating and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Avalara stock.
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15 brokers have issued twelve-month price targets for Avalara's shares. Their AVLR stock forecasts range from $100.00 to $200.00. On average, they predict Avalara's share price to reach $150.93 in the next year. This suggests a possible upside of 104.8% from the stock's current price.
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Avalara's stock was trading at $129.11 on January 1st, 2022. Since then, AVLR shares have decreased by 42.9% and is now trading at $73.70.
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Avalara is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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Avalara, Inc. (NYSE:AVLR) announced its quarterly earnings data on Thursday, May, 5th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.20. The firm earned $204.53 million during the quarter, compared to the consensus estimate of $198.07 million. Avalara had a negative trailing twelve-month return on equity of 9.62% and a negative net margin of 17.04%. The company's revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.30) EPS.
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Avalara updated 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.

322 employees have rated Avalara CEO Scott McFarlane on Glassdoor.com. Scott McFarlane has an approval rating of 90% among Avalara's employees.

Some companies that are related to Avalara include ANSYS (ANSS), Palantir Technologies (PLTR), MongoDB (MDB), Roblox (RBLX), Paycom Software (PAYC), Twilio (TWLO), Check Point Software Technologies (CHKP), SS&C Technologies (SSNC), Cloudflare (NET), Splunk (SPLK), HubSpot (HUBS), Okta (OKTA), Take-Two Interactive Software (TTWO), ZoomInfo Technologies (ZI) and Tyler Technologies (TYL).
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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), Square (SQ), Micron Technology (MU), Twilio (TWLO), Roku (ROKU), Salesforce (CRM), Splunk (SPLK) and PayPal (PYPL).

(AVLR) raised $150 million in an initial public offering 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVLR."

Avalara's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.64%), BlackRock Inc. (7.74%), Wellington Management Group LLP (7.01%), Echo Street Capital Management LLC (2.27%), Bank of America Corp DE (2.27%) and Parnassus Investments LLC (2.13%). Company insiders that own Avalara 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.
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AVLR stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Invesco Ltd., Neuberger Berman Group LLC, CWM LLC, TimesSquare Capital Management LLC, Deccan Value Investors L.P., First Trust Advisors LP, and Capital Research Global Investors. Company insiders that have sold Avalara company stock in the last two years include Alesia Lee Pinney, Amit Mathradas, Daniel E Manning, Kathleen Zwickert, Marion R Foote, Rajeev Singh, Ross Tennenbaum, Scott M Mcfarlane, and William Ingram.
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AVLR stock was purchased by a variety of institutional investors in the last quarter, including Echo Street Capital Management LLC, Riverbridge Partners LLC, Bank of America Corp DE, Lord Abbett & CO. LLC, Parnassus Investments LLC, RGM Capital LLC, Wasatch Advisors Inc., and Royce & Associates LP.
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Shares of AVLR 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 AVLR stock can currently be purchased for approximately $73.70.

Avalara (NYSE:AVLR) has a market capitalization of $6.48 billion and generates $698.98 million in revenue each year. The company earns $-125.23 million in net income (profit) each year or ($1.470010) on an earnings per share basis.

Avalara employs 4,465 workers across the globe.

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