Avalara, Inc. provides transaction tax compliance cloud-based solutions worldwide. It 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 Returns for tax return preparation, filing, and remittance; and Avalara Compliance Document Management solution, which creates, validates, stores, and manages sales tax exemption and reseller certificates. It also provides professional services, including nexus studies and analysis, voluntary compliance initiatives, tax registrations, and specialized tax research; MatrixMaster, a product taxability database for retail operations; Avalara CloudConnect, a hardware device; VAT Expert, a web-based solution that checks the validity of customer and supplier VAT numbers and provides VAT determinations in the form of invoices; and Brazilian tax compliance solutions that address the Brazilian transaction tax regimes. 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.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Phone206-826-4900
Debt
Current Ratio1.20
Quick Ratio1.20
Price-To-Earnings
Sales & Book Value
Annual Sales$213.15 million
Price / Sales12.47
Price / Cash FlowN/A
Price / BookN/A
Profitability
Net IncomeN/A
Net MarginsN/A
Return on AssetsN/A
Miscellaneous
Employees1,495
OptionableOptionable
Avalara (NYSE:AVLR) Frequently Asked Questions
What is Avalara's stock symbol?
Avalara trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVLR."
How were Avalara's earnings last quarter?
Avalara Inc (NYSE:AVLR) issued its quarterly earnings data on Wednesday, November, 7th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.18) by $0.02. The firm had revenue of $69.50 million for the quarter, compared to the consensus estimate of $66.27 million. The firm's quarterly revenue was up 25.7% on a year-over-year basis. View Avalara's Earnings History.
When is Avalara's next earnings date?
What price target have analysts set for AVLR?
6 equities research analysts have issued 1-year target prices for Avalara's shares. Their forecasts range from $30.08 to $47.00. On average, they anticipate Avalara's stock price to reach $41.18 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price. View Analyst Price Targets for Avalara.
What is the consensus analysts' recommendation for Avalara?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avalara in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Avalara.
What are Wall Street analysts saying about Avalara stock?
Here are some recent quotes from research analysts about Avalara stock:
- 1. KeyCorp analysts commented, "We are raising our estimates and price target to $48 from $47 and remain Overweight on AVLR based on a multiyear opportunity to sustain 20%+ growth as it pioneers sales tax automation. AVLR is one of our top software application stocks to own for 2019. to begin enforcing online sales taxes in 2019. While 26 smaller states have begun to enforce online sales taxes after the Wayfair ruling last year, we see the addition of California (April 2019) and Texas (October 2019) as material catalysts that could help accelerate the adoption of Avalara’s cloud-based compliance software. California and Texas combined account for $4.4T of GDP (23% of total U.S. GDP). Raising 2019 estimates slightly on compliance automation tailwinds." (1/7/2019)
- 2. According to Zacks Investment Research, "Avalara Inc. is a provider of cloud-based tax compliance solutions. It offers businesses of all sizes achieve compliance with transaction taxes including sales and use, VAT, excise, communications and other tax types. Avalara Inc. is based in Seattle, United States. " (1/1/2019)
Has Avalara been receiving favorable news coverage?
Media headlines about AVLR stock have been trending somewhat negative on Wednesday, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Avalara earned a news impact score of -1.2 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the near future.
Who are some of Avalara's key competitors?
Some companies that are related to Avalara include PTC (PTC), Atlassian (TEAM), Tableau Software (DATA), UBISOFT ENTMT S/ADR (UBSFY), Twilio (TWLO), Dropbox (DBX), Micro Focus International (MFGP), Nutanix (NTNX), Temenos (TMNSF), The Ultimate Software Group (ULTI), Okta (OKTA), Trend Micro (TMICY), Paycom Software (PAYC), Docusign (DOCU) and Tyler Technologies (TYL).
Who are Avalara's key executives?
Avalara's management team includes the folowing people:
- Mr. Scott M. McFarlane, Co-Founder, Chairman, CEO & Pres (Age 60)
- Mr. William D. Ingram, CFO & Treasurer (Age 61)
- Mr. Pascal Van Dooren, Exec. VP & Chief Revenue Officer (Age 51)
- Mr. Jared R. Vogt, Co-Founder & Director (Age 49)
- Mr. Daniel E. Manning, Chief Accounting Officer (Age 47)
When did Avalara IPO?
(AVLR) raised $150 million in an IPO 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 served as the underwriters for the IPO and JMP Securities, KeyBanc Capital Markets and Stifel were co-managers.
When did the company's lock-up period expire?
Avalara's lock-up period expired on Wednesday, December 12th. Avalara had issued 7,500,000 shares in its IPO on June 15th. The total size of the offering was $180,000,000 based on an initial share price of $24.00. Since the end of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Avalara's stock price today?
One share of AVLR stock can currently be purchased for approximately $39.98.
How big of a company is Avalara?
Avalara has a market capitalization of $2.53 billion and generates $213.15 million in revenue each year. Avalara employs 1,495 workers across the globe.
What is Avalara's official website?
How can I contact Avalara?
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]
MarketBeat Community Rating for Avalara (NYSE AVLR)
MarketBeat's community ratings are surveys of what our community members think about Avalara and other stocks. Vote "Outperform" if you believe AVLR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVLR will underperform the S&P 500 over the long term. You may vote once every thirty days.
