NYSE:AVLR

Avalara - AVLR Stock Forecast, Price & News

$91.80

+0.07 (+0.08%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $91.78
▼
$92.46
50-Day Range: $83.02
▼
$95.55
52-Week Range: $66.39
▼
$188.43

Volume: 3.15 million shs
Average Volume: 3.59 million shs
Market Capitalization: $8.13 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $120.08

Avalara MarketRank™ Forecast

Analyst Rating: Hold
2.33 Rating Score
Upside/Downside: 30.8% Upside
$120.08 Price Target
Short Interest: Healthy
4.19% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.12
Upright™ Environmental Score
News Sentiment: 0.22
Based on 14 Articles This Week
Insider Trading: Selling Shares
$5.38 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.57) to ($1.38) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Computer And Technology Sector

169th out of 652 stocks

Prepackaged Software Industry

41st out of 227 stocks

4.2

Analyst's Opinion

Consensus Rating
Avalara has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 10 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $120.08, Avalara has a forecasted upside of 30.8% from its current price of $91.80.
Amount of Analyst Coverage
Avalara has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
4.19% of the outstanding shares of Avalara have been sold short.
Short Interest Ratio / Days to Cover
Avalara has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Avalara has recently decreased by 7.94%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Avalara does not currently pay a dividend.
Dividend Growth
Avalara does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Avalara has received a 44.66% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is driven by its "Tax declaration applications" product. See details.
Environmental Sustainability
The Environmental Impact score for Avalara is -0.12.

1.8

News and Social Media Coverage

News Sentiment
Avalara has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Avalara this week, compared to 4 articles on an average week.
Search Interest
Only 2 people have searched for AVLR on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Avalara to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Avalara insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,383,200.00 in company stock.
Percentage Held by Insiders
Only 2.40% of the stock of Avalara is held by insiders.
Percentage Held by Institutions
90.68% of the stock of Avalara is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Avalara are expected to grow in the coming year, from ($1.57) to ($1.38) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Avalara is -51.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Avalara is -51.57, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Avalara has a P/B Ratio of 7.77. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Avalara (NYSE:AVLR) Stock

Avalara, Inc., together with its subsidiaries, provides cloud-based solutions for transaction tax compliance worldwide. The company 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 Compliance Cloud Returns for tax return preparation, filing, and remittance; which creates, validates, stores, and manages sales tax exemption. It also provides professional services, including nexus studies and back filing services, voluntary compliance initiatives, tax registrations, reverse audits, audit defense, and specialized tax research. 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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AVLR Stock News Headlines

October 2, 2022 | seekingalpha.com

Workiva may be worth $117/share in a takeover, analyst says (NYSE:WK) - Seeking Alpha

October 1, 2022 | businesswire.com

Leading Independent Proxy Advisory Firm ISS Recommends Avalara Shareholders Vote “FOR” the Transaction with Vista Equity Partners - Business Wire

October 1, 2022 | finance.yahoo.com

Leading Independent Proxy Advisory Firm ISS Recommends Avalara Shareholders Vote "FOR" the Transaction with Vista Equity Partners - Yahoo Finance

September 30, 2022 | finance.yahoo.com

Tax Management Software Global Market Report 2022 - Yahoo Finance

September 30, 2022 | finance.yahoo.com

Leading Independent Proxy Advisory Firm ISS Recommends Avalara Shareholders Vote "FOR" the Transaction with Vista Equity Partners

September 29, 2022 | seekingalpha.com

Bad News Is Good For Avalara (NYSE:AVLR) - Seeking Alpha

September 28, 2022 | bizjournals.com

Avalara outlines internal challenges that led to proposed Vista acquisition

September 28, 2022 | finance.yahoo.com

Altair Issues New Investor Presentation Addressing Avalara's Recent Misleading Claims About Its Proposed Sale to Vista Equity

September 26, 2022 | businesswire.com

Avalara Files Investor Presentation in Connection with Proposed Transaction with Vista Equity Partners - Business Wire

September 26, 2022 | businesswire.com

Avalara Announces 18 Newly Certified Integrations into Business Applications - Business Wire

September 26, 2022 | finance.yahoo.com

Avalara Announces 18 Newly Certified Integrations into Business Applications

September 26, 2022 | finance.yahoo.com

Avalara Files Investor Presentation in Connection with Proposed Transaction with Vista Equity Partners

September 23, 2022 | businesswire.com

Avalara Announces Expiration of Hart-Scott-Rodino Waiting Period - Business Wire

September 23, 2022 | finance.yahoo.com

Avalara Announces Expiration of Hart-Scott-Rodino Waiting Period

September 22, 2022 | finance.yahoo.com

Altair Issues Presentation Describing Why Altair Intends to Vote AGAINST Avalara's Proposed Sale to Vista Equity Partners

September 21, 2022 | finance.yahoo.com

Global Sales Tax Software Market Size Worth 14.5 Billion by 2030 at a 9% CAGR: Custom Market Insights (Share, Report, Trends, Forecast, Trends, Segmentation) - Yahoo Finance

September 20, 2022 | benzinga.com

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates STOR, AVLR, LOTZ - Avalara (NYSE:AVLR), CarLotz - Benzinga

September 19, 2022 | bloomberg.com

Vista Equity Makes Offer for Software Security Firm KnowBe4 - Bloomberg

September 17, 2022 | seekingalpha.com

Avalara holder plans to vote against $8.2B sale to Vista Equity

September 15, 2022 | benzinga.com

Avalara (NYSE:AVLR), Oaktree Specialty Lending (NASDAQ:OCSL) – INVESTIGATION ALERT: Halper Sadeh LLC Inve - Benzinga

September 15, 2022 | benzinga.com

Avalara (NYSE:AVLR) – AVALARA INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Fo - Benzinga

September 14, 2022 | benzinga.com

Avalara (NYSE:AVLR), ChemoCentryx (NASDAQ:CCXI) – SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates CYBE, - Benzinga

September 13, 2022 | benzinga.com

Avalara (NYSE:AVLR), Atlas Air Worldwide Hldgs (NASDAQ:AAWW) – SHAREHOLDER ALERT: Weiss Law Reminds AVLR, - Benzinga

September 8, 2022 | streetinsider.com

Form DFAN14A AVALARA, INC. Filed by: Altair US, LLC - StreetInsider.com

September 8, 2022 | benzinga.com

BBQ Hldgs (NASDAQ:BBQ), Avalara (NYSE:AVLR) – SHAREHOLDER NOTICE: Halper Sadeh LLP Investigates BBQ, PING - Benzinga

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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AVLR Company Calendar

Last Earnings: 8/08/2022
Today: 10/02/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:AVLR
CUSIP: N/A
CIK: 1348036
Web: www.avalara.com
Phone: (206) 826-4900
Fax: N/A
Employees: 4,465
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $120.08
High Stock Price Forecast: $190.00
Low Stock Price Forecast: $93.50
Forecasted Upside/Downside: +30.8%
Consensus Rating: Hold
Rating Score (0-4): 2.33
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.78)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-125,230,000.00
Net Margins: -19.76%
Pretax Margin: -19.03%
Return on Equity: -12.44%
Return on Assets: -4.81%

Debt

Debt-to-Equity Ratio: 0.94
Current Ratio: 3.18
Quick Ratio: 3.18

Sales & Book Value

Annual Sales: $698.98 million
Price / Sales: 11.63
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $11.81 per share
Price / Book: 7.77

Miscellaneous

Outstanding Shares: 88,560,000
Free Float: 86,433,000
Market Cap: $8.13 billion
Optionable: Optionable
Beta: 1.05

Key Executives

Mr. Scott M. McFarlane (Age 65)
Co-Founder, Chairman & CEO
Comp: $1.23M

Mr. Amit Mathradas (Age 47)
Pres & COO
Comp: $917.1k

Mr. Ross Tennenbaum (Age 44)
Exec. VP, CFO & Treasurer
Comp: $789.72k

Ms. Alesia L. Pinney (Age 58)
Exec. VP, Chief Legal Officer & Sec.
Comp: $643.95k

Mr. Jared R. Vogt (Age 53)
Co-Founder & Member of Advisory Board

Mr. Daniel E. Manning (Age 51)
Chief Accounting Officer

Mr. Daniel Fields (Age 53)
Exec. VP & CTO

Ms. Jennifer Gianola
VP of Investor Relations

Ms. Liz Armbruester
Sr. VP of Global Compliance Operations

Mr. Greg Stivers
Sr. VP of Sales

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AVLR Stock - Frequently Asked Questions

Should I buy or sell Avalara stock right now?: 15 Wall Street 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 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.
View AVLR analyst ratings or view top-rated stocks.
What is Avalara's stock price forecast for 2022?: 15 brokerages 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 predict the company's share price to reach $120.08 in the next twelve months. This suggests a possible upside of 30.8% from the stock's current price.
View analysts price targets for AVLR or view top-rated stocks among Wall Street analysts.
How have AVLR shares performed in 2022?: Avalara's stock was trading at $129.11 at the beginning of the year. Since then, AVLR shares have decreased by 28.9% and is now trading at $91.80.
View the best growth stocks for 2022 here.
Are investors shorting Avalara?: Avalara saw a drop in short interest during 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 trading volume of 3,760,000 shares, the days-to-cover ratio is presently 1.0 days.
View Avalara's Short Interest.
When is Avalara's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our AVLR earnings forecast.
How were Avalara's earnings last quarter?: Avalara, Inc. (NYSE:AVLR) announced its earnings results on Monday, August, 8th. The company reported ($0.55) EPS for the quarter, missing analysts' consensus estimates of ($0.39) by $0.16. The business earned $208.60 million during the quarter, compared to the consensus estimate of $209.19 million. Avalara had a negative net margin of 19.76% and a negative trailing twelve-month return on equity of 12.44%. Avalara's revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.25) EPS.
What guidance has Avalara issued on next quarter's earnings?: Avalara issued an update on its FY 2022 earnings guidance on Saturday, October, 1st. The company provided earnings per share 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.

What is Scott McFarlane's approval rating as Avalara's CEO?: 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.
What other stocks do shareholders of Avalara own?: 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).
When did Avalara IPO?: (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 acted 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."
How do I buy shares of Avalara?: 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.
Compare Top Brokerages Here.
What is Avalara's stock price today?: One share of AVLR stock can currently be purchased for approximately $91.80.
How much money does Avalara make?: Avalara (NYSE:AVLR) has a market capitalization of $8.13 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.
How many employees does Avalara have?: The company employs 4,465 workers across the globe.
How can I contact Avalara?: 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.

This page (NYSE:AVLR) was last updated on 10/2/2022 by MarketBeat.com Staff

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Avalara - AVLR Stock Forecast, Price & News

Avalara MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows