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NYSE:AVLRAvalara Stock Price, Forecast & News

$99.10
-2.37 (-2.34 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$97.04
Now: $99.10
$102.53
50-Day Range
$78.04
MA: $95.55
$109.49
52-Week Range
$55.50
Now: $99.10
$111.83
Volume1.20 million shs
Average Volume1.29 million shs
Market Capitalization$7.77 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.86
Avalara, Inc. provides cloud-based solutions for transaction tax compliance 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 for processing and storing transactions on-site for regularly scheduled uploads to AvaTax; Avalara Licensing, an online platform for business licenses and sales tax registrations; VAT Expert, a Web-based solution that checks the validity of customer and supplier value-added tax (VAT) numbers and provides VAT determinations in the form of invoices; and Brazilian tax compliance solutions that address the Brazilian transaction tax regimes through electronic compliance report validation, electronic invoice authentication and preparation, tax determination, and returns preparation. 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.39 out of 5 stars


Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone206-826-4900

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$382.42 million
Book Value$6.03 per share

Profitability

Net Income$-50,210,000.00

Miscellaneous

Employees2,601
Market Cap$7.77 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Avalara (NYSE:AVLR) Frequently Asked Questions

How has Avalara's stock been impacted by COVID-19 (Coronavirus)?

Avalara's stock was trading at $73.15 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AVLR stock has increased by 35.5% and is now trading at $99.10. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Avalara?

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

When is Avalara's next earnings date?

Avalara is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Avalara.

How were Avalara's earnings last quarter?

Avalara Inc (NYSE:AVLR) announced its quarterly earnings data on Thursday, May, 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.06. The business had revenue of $111.44 million for the quarter, compared to analyst estimates of $108.24 million. Avalara had a negative net margin of 12.99% and a negative return on equity of 9.88%. Avalara's revenue for the quarter was up 31.2% on a year-over-year basis. During the same period last year, the firm posted ($0.03) earnings per share. View Avalara's earnings history.

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

Avalara issued an update on its second quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $109-111 million, compared to the consensus revenue estimate of $111.63 million.

What price target have analysts set for AVLR?

15 brokers have issued 12 month price objectives for Avalara's stock. Their forecasts range from $5.40 to $120.00. On average, they anticipate Avalara's stock price to reach $101.10 in the next year. This suggests a possible upside of 2.0% from the stock's current price. View analysts' price targets for Avalara.

Has Avalara been receiving favorable news coverage?

Media headlines about AVLR stock have been trending negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avalara earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock's share price in the near future. View the latest news aboutAvalara.

Are investors shorting Avalara?

Avalara saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 4,510,000 shares, a drop of 5.5% from the April 30th total of 4,770,000 shares. Based on an average daily volume of 963,900 shares, the short-interest ratio is presently 4.7 days. Currently, 6.2% of the company's shares are short sold. View Avalara's Current Options Chain.

Who are some of Avalara's key competitors?

What other stocks do shareholders of Avalara own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Avalara investors own include Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), Advanced Micro Devices (AMD), Roku (ROKU), Twilio (TWLO), Square (SQ), QUALCOMM (QCOM), salesforce.com (crm) and Johnson & Johnson (JNJ).

Who are Avalara's key executives?

Avalara's management team includes the following people:
  • Mr. Scott M. McFarlane, Co-Founder, Chairman & CEO (Age 62)
  • Mr. William D. Ingram, CFO & Treasurer (Age 62)
  • Mr. Pascal Van Dooren, Exec. VP of International (Age 51)
  • Mr. Amit Mathradas, Pres & COO (Age 44)
  • Mr. Daniel E. Manning, Chief Accounting Officer (Age 48)

When did Avalara IPO?

(AVLR) raised $150 million in an initial public offering (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.

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 a number of institutional and retail investors. Top institutional investors include Janus Henderson Group PLC (8.15%), BlackRock Inc. (4.26%), Fred Alger Management LLC (3.13%), William Blair Investment Management LLC (1.92%), Alliancebernstein L.P. (1.88%) and Tensile Capital Management LLC (1.76%). Company insiders that own Avalara stock include Alesia Lee Pinney, Amit Mathradas, Benjamin J Goux, Chelsea R Stoner, Daniel E Manning, Edward A Gilhuly, Justin Sadrian, Marion R Foote, Pincus & Co Warburg, Ross Tennenbaum, Scott M Mcfarlane and William Ingram. View institutional ownership trends for Avalara.

Which institutional investors are selling Avalara stock?

AVLR stock was sold by a variety of institutional investors in the last quarter, including Fred Alger Management LLC, black and white Capital LP, William Blair Investment Management LLC, Morgan Stanley, Morgan Stanley, TimesSquare Capital Management LLC, Capital World Investors, and Two Sigma Advisers LP. Company insiders that have sold Avalara company stock in the last year include Alesia Lee Pinney, Amit Mathradas, Chelsea R Stoner, Daniel E Manning, Edward A Gilhuly, Justin Sadrian, Marion R Foote, Ross Tennenbaum, Scott M Mcfarlane, and William Ingram. View insider buying and selling activity for Avalara.

Which institutional investors are buying Avalara stock?

AVLR stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Wasatch Advisors Inc., Capital Research Global Investors, Franklin Resources Inc., Wellington Management Group LLP, Invesco Ltd., Jennison Associates LLC, and Barton Investment Management. View insider buying and selling activity for Avalara.

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, Robinhood, Fidelity, and Charles Schwab.

What is Avalara's stock price today?

One share of AVLR stock can currently be purchased for approximately $99.10.

How big of a company is Avalara?

Avalara has a market capitalization of $7.77 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 2,601 workers across the globe.

What is Avalara's official website?

The official website for Avalara is www.avalara.com.

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]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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