Avalara - AVLR Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avalara in the last twelve months. There are currently 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AVLR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVLR, but not buy additional shares or sell existing shares.
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15 Wall Street analysts have issued twelve-month target prices for Avalara's shares. Their AVLR share price forecasts range from $93.50 to $190.00. On average, they expect the company's share price to reach $120.08 in the next year. This suggests a possible upside of 29.7% 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 28.3% and is now trading at $92.57.
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Avalara saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,710,000 shares, a drop of 7.9% from the August 31st total of 4,030,000 shares. Based on an average daily trading volume, of 3,760,000 shares, the days-to-cover ratio is presently 1.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Avalara, Inc. (NYSE:AVLR) issued its earnings results on Monday, August, 8th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.39) by $0.16. The company had revenue of $208.60 million for the quarter, compared to analysts' expectations of $209.19 million. Avalara had a negative trailing twelve-month return on equity of 12.44% and a negative net margin of 19.76%. The company's quarterly revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.25) earnings per share.

Avalara updated its FY 2022 earnings guidance on Saturday, October, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $869.00 million-$869.00 million, compared to the consensus revenue estimate of $867.02 million.

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.

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).

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

Avalara's stock is owned by many different institutional and retail investors. Top institutional investors include Capital Investment Services of America Inc. (0.08%). Insiders that own company stock include Alesia Lee Pinney, Amit Mathradas, Chelsea R Stoner, Daniel E Manning, Justin Sadrian, Kathleen Zwickert, Marion R Foote, Rajeev Singh, Ross Tennenbaum, Scott M Mcfarlane, Scott M Mcfarlane and William Ingram.
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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.
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One share of AVLR stock can currently be purchased for approximately $92.57.

Avalara (NYSE:AVLR) has a market capitalization of $8.20 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.

The company 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 the company is www.avalara.com. The company can be reached via phone at (206) 826-4900 or via email at investor@avalara.com.