In a report released yesterday, Brian Peterson from Raymond James maintained a Buy rating on Avalara (AVLR). The company’s shares closed last Tuesday at $166.00, close to its 52-week high of $184.41.
According to TipRanks.com, Peterson is a top 25 analyst with an average return of 36.5% and a 78.0% success rate. Peterson covers the Technology sector, focusing on stocks such as Duck Creek Technologies, ZoomInfo Technologies, and Manhattan Associates.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Avalara with a $190.82 average price target, which is an 11.7% upside from current levels. In a report issued on December 18, Evercore ISI also initiated coverage with a Buy rating on the stock with a $220.00 price target.
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The company has a one-year high of $184.41 and a one-year low of $55.50. Currently, Avalara has an average volume of 597.5K.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVLR in relation to earlier this year.
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Avalara, Inc. provides cloud-based software services. It offers Avalara returns excise pro simplifies fuel tax compliance, enabling small and medium sized suppliers, distributors and terminal operators to reduce filing time and costs; Avalara avatax, the sales tax decision automation, instantaneously and accurately calculates tax; Avalara certcapture creates, validates and stores sales tax exemption certificates and reseller certificates in the cloud, limiting audit exposure; Avalara government automates end-to-end motor fuels tax filing processes for state tax authorities, growing tax revenue and eliminating labor-intensive activities; and Avalara mylodge tax is a automated solution for vacation rental homeowners seeking tax compliance for their vacation home rentals. The company was founded by Rory Rawlings, Scott McFarlane and Jared R. Vogt in 2004 and is headquartered in Seattle, WA.
