Avalara - AVLR Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Avalara in the last year. 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.
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15 brokerages have issued 12 month price targets for Avalara's shares. Their AVLR share price forecasts range from $93.50 to $190.00. On average, they predict the company's stock price to reach $120.08 in the next twelve months. This suggests a possible upside of 28.5% from the stock's current price.
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Avalara, Inc. (NYSE:AVLR) issued its quarterly earnings results on Thursday, November, 4th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.04. The business earned $181.17 million during the quarter, compared to the consensus estimate of $170.34 million. Avalara had a negative trailing twelve-month return on equity of 12.44% and a negative net margin of 19.76%. Avalara's revenue for the quarter was up 41.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.13) earnings per share.

Avalara updated its FY 2022 earnings guidance on Saturday, October, 22nd. 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.

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 initial public offering 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 acted 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.16%), Pentwater Capital Management LP (5.34%), Beryl Capital Management LLC (2.61%), Balyasny Asset Management LLC (2.34%), Glazer Capital LLC (1.83%) and First Trust Capital Management L.P. (1.39%). Insiders that own company stock include Alesia Lee Pinney, Amit Mathradas, Chelsea R Stoner, Daniel E Manning, Kathleen Zwickert, Marion R Foote, Rajeev Singh, Ross Tennenbaum, Scott M Mcfarlane, Scott M Mcfarlane and William Ingram.
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One share of AVLR stock can currently be purchased for approximately $93.48.

Avalara (NYSE:AVLR) has a market capitalization of $8.28 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.