Equities research analysts expect Avalara Inc (NYSE:AVLR) to report ($0.16) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Avalara’s earnings, with estimates ranging from ($0.17) to ($0.16). The firm is expected to announce its next earnings report on Tuesday, May 14th.

According to Zacks, analysts expect that Avalara will report full year earnings of ($0.52) per share for the current fiscal year, with EPS estimates ranging from ($0.55) to ($0.48). For the next financial year, analysts anticipate that the firm will report earnings of ($0.19) per share, with EPS estimates ranging from ($0.36) to ($0.05). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Avalara.

Avalara (NYSE:AVLR) last released its quarterly earnings results on Tuesday, February 12th. The company reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.01. The firm had revenue of $76.90 million for the quarter, compared to the consensus estimate of $71.24 million. The business’s quarterly revenue was up 32.6% compared to the same quarter last year.

Several analysts have recently weighed in on AVLR shares. Goldman Sachs Group restated a “buy” rating and set a $50.00 price target on shares of Avalara in a report on Friday, February 1st. KeyCorp restated a “buy” rating on shares of Avalara in a report on Monday, January 7th. Bank of America upgraded Avalara from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Zacks Investment Research upgraded Avalara from a “sell” rating to a “hold” rating in a report on Monday, December 10th. Finally, JMP Securities boosted their price target on Avalara from $40.00 to $49.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $49.00.

In related news, insider Scott M. Mcfarlane sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $38.09, for a total value of $457,080.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin J. Goux sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $53.26, for a total value of $479,340.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,274,574 shares of company stock worth $498,175,861.

A number of hedge funds have recently made changes to their positions in AVLR. Tensile Capital Management LLC boosted its holdings in Avalara by 213.6% in the fourth quarter. Tensile Capital Management LLC now owns 846,741 shares of the company’s stock valued at $26,376,000 after acquiring an additional 576,741 shares during the last quarter. BlackRock Inc. boosted its holdings in Avalara by 108.3% in the third quarter. BlackRock Inc. now owns 1,006,101 shares of the company’s stock valued at $35,142,000 after acquiring an additional 523,098 shares during the last quarter. Vanguard Group Inc boosted its holdings in Avalara by 78.8% in the third quarter. Vanguard Group Inc now owns 780,392 shares of the company’s stock valued at $27,259,000 after acquiring an additional 343,950 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Avalara by 78.8% in the third quarter. Vanguard Group Inc. now owns 780,392 shares of the company’s stock valued at $27,259,000 after acquiring an additional 343,950 shares during the last quarter. Finally, Vista Equity Partners Management LLC boosted its holdings in Avalara by 235.3% in the fourth quarter. Vista Equity Partners Management LLC now owns 234,700 shares of the company’s stock valued at $7,311,000 after acquiring an additional 164,700 shares during the last quarter. Institutional investors and hedge funds own 73.75% of the company’s stock.

NYSE:AVLR opened at $54.67 on Friday. The stock has a market cap of $3.81 billion and a PE ratio of -50.62. Avalara has a 1-year low of $28.09 and a 1-year high of $59.40.

About Avalara

Avalara, Inc provides transaction tax compliance cloud-based solutions 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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