Avalara Inc (NYSE:AVLR) insider Scott M. Mcfarlane sold 125,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $86.15, for a total value of $10,768,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Avalara stock opened at $86.91 on Friday. Avalara Inc has a one year low of $28.09 and a one year high of $94.31. The stock has a market capitalization of $6.42 billion, a PE ratio of -80.47 and a beta of 0.59. The business’s fifty day moving average is $83.47 and its 200 day moving average is $65.72.
Avalara (NYSE:AVLR) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.08. Avalara had a negative return on equity of 23.05% and a negative net margin of 20.13%. The company had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $84.63 million. During the same period last year, the firm posted ($0.19) earnings per share. Avalara’s revenue was up 42.9% compared to the same quarter last year. As a group, research analysts anticipate that Avalara Inc will post -0.65 earnings per share for the current fiscal year.
Several research firms recently commented on AVLR. Needham & Company LLC increased their price objective on Avalara from $85.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Stephens began coverage on Avalara in a research report on Tuesday, July 30th. They set an “overweight” rating and a $105.00 price objective on the stock. KeyCorp reaffirmed an “overweight” rating and set a $101.00 price objective (up from $74.00) on shares of Avalara in a research report on Thursday, August 8th. Bank of America reaffirmed a “buy” rating and set a $100.00 price objective (up from $98.00) on shares of Avalara in a research report on Thursday, August 8th. Finally, JMP Securities increased their price objective on Avalara from $49.00 to $67.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $82.44.
Avalara Company Profile
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.
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