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AVLR

Avalara

$45.94

3.44 (8.09%)

16:12
08/09/18
08/09
16:12
08/09/18
16:12

Avalara reports Q2 adjusted EPS (19c), consensus (23c)

Reports Q2 revenue $63.7M, consensus $60.8M. "In our first quarter as a public company, we delivered an excellent performance in pursuit of a long-term growth opportunity. In the quarter, we crossed the quarter billion dollar annual revenue run rate and continued to extend our market leadership position," said Scott McFarlane, Avalara co-founder and chief executive officer. "The momentum in our business has continued to strengthen, and we believe we are well positioned to be a long-term leader in a multi-billion dollar market opportunity. Companies of all sizes are increasingly looking for modern, cloud-based transaction tax compliance automation solutions as they digitize their businesses and embrace powerful industry trends such as e-commerce and globalization. We believe Avalara is a clear choice based on our industry-leading platform and content, pre-built integrations, and partner channel."

  • 09

    Aug

AVLR Avalara
$45.94

3.44 (8.09%)

07/10/18
STFL
07/10/18
INITIATION
Target $44
STFL
Hold
Avalara initiated with a Hold at Stifel
Stifel analyst Brad Reback initiated Avalara with a Hold rating and $44 price target, stating that he believes the company has a large and underpenetrated market opportunity and unique go-to-market approach, but he also believes all of this is fully reflected in the current share price.
07/10/18
JMPS
07/10/18
INITIATION
JMPS
Market Perform
Avalara initiated with a Market Perform at JMP Securities
JMP Securities analyst Patrick Walravens started Avalara with a Market Perform rating, stating that the story includes a number of positive elements, but also noting that the stock is up 98% from its IPO price due to investor optimism about the U.S. Supreme Court decision on online sales tax collection. Given the run-up since the court decision, Walravens sees Avalara shares as fairly valued, he tells investors in his initiation note.
07/10/18
KEYB
07/10/18
INITIATION
KEYB
Sector Weight
Avalara initiated with a Sector Weight at KeyBanc
KeyBanc analyst Brent Bracelin started Avalara with a Sector Weight rating on valuation given investor optimism has been reflected in a share price that has risen 98% since the IPO. Nonetheless, the analyst has a bullish medium- to long-term view on Avalara based on its leadership in cloud software for sales tax compliance, differentiated tax content and software integrations, large $8B addressable market with less than 2% penetration, and long runway to sustain 20%-plus annual growth for the next decade.
07/16/18
JMPS
07/16/18
NO CHANGE
JMPS
Market Perform
Etsy comments hint at possible competitive moat for Avalara, says JMP Securities
After reviewing the South Dakota v. Wayfair Supreme Court opinion and some of the related Amicus Curiae briefs, JMP Securities analyst Patrick Walravens highlighted a comment from Etsy's (ETSY) brief that concluded that "given this complexity [of mapping thousands of tax codes to millions of unique products], it is doubtful that a software fix ever can be developed." Rather than doubting that a software solution can ever be developed, Walravens said he views the complexity referenced by Etsy as the market opportunity and potential competitive moat for Avalara, he tells investors. Still, Walravens believes Avalara is currently fairly valued and maintains his Market Perform rating on the shares.

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