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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/29/2023 | Outperform | William Blair |
William Blair resumed coverage of Avantax with a rating of Outperform
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
DALLAS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, welcomed more than 150 independent Financial Professionals during the first three quarters of 2023 as advisor appetite remains high for aligning with Avantax's deep pool of tax professionals and accounting practices. "We had an incredible third quarter and I'm proud of how we continue attracting Financial Professionals, including licensed tax professionals; they're obviously seeing the value in Avantax having firmly planted our flag in tax-intelligent financial planning," said Tim Stewart, VP and Head of Business Development at Avantax. "We have kept strong traction with p
DALLAS, Feb. 08, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning, today announced the appointment of Melissa Loner, AIF® as Vice President and Chief Compliance Officer. With more than 25 years of experience in the financial services industry, Loner has worked as a financial planner in addition to numerous corporate leadership roles. She has spent a significant portion of her career in the Home Office of various independent firms, working in due diligence, marketing, transitions, operations, supervision, compliance, and fiduciary services. "I am pleased to welcome Melissa who joins an energized Avantax leadership team committed to creating value for our Finan
Avantax (NASDAQ:AVTA) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.19 by 89.47 percent. This is a 280 percent increase over losses of $(0.20) per share from the same period last year. The company reported quarterly sales of $192.34 million which beat the analyst consensus estimate of $191.90 million by 0.23 percent. This is a 12.03 percent increase over sales of $171.70 million the same period last year.
The most overbought stocks in the financial sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Assurant, Inc. (NYSE:AIZ) Assurant reported better-than-expected third-quarter sales results. The company’s stock has a 52-week high of $167.81. . RSI Value: 73.54 AIZ Price A
Barrington Research analyst Alexander Paris downgrades Avantax (NASDAQ:AVTA) from Outperform to Market Perform.
DALLAS, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ:AVTA), a leading provider of technology-enabled, tax-intelligent financial solutions, today announced financial results for the third quarter ended September 30, 2023. Third Quarter Highlights and Recent Developments Reported total revenue of $192.3 million for the third quarter. This represents an increase of 16.5% compared to the third quarter of the prior year.Continued to deliver net positive asset flows for the seventh consecutive quarter with approximately $673.0 million for the third quarter.Ended the third quarter with total client assets of $82.3 billion, $42.0 billion of which were advisory assets, representing 51.
DALLAS, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, has acquired Summit Wealth Advocates (Summit), a Minnesota-based wealth management firm with approximately $330 million in total client assets as of June 30, 2023. Prior to the acquisition, Summit was not affiliated with Avantax. "We are in growth mode, and I was looking for a partner who would give us the potential to grow faster by getting even deeper into client service. That's exactly what Avantax delivers," said Bruce Primeau, CPA, CFP®, PFS, who founded Summit in 2010. "As a financial advisor that also has a CPA, taking a tax-intelligent approach to financial plannin
DALLAS, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ:AVTA), a leading provider of technology-enabled, tax-intelligent financial solutions, today announced financial results for the second quarter ended June 30, 2023. Second Quarter Highlights and Recent Developments Reported total revenue of $186.9 million, a new record, for the second quarter. This represents an increase of 15% compared to the second quarter of the prior year.Continued to deliver net positive asset flows for the sixth consecutive quarter with approximately $390 million for the second quarter.Ended the second quarter with total client assets of $83.8 billion, $42.6 billion of which were advisory assets, repres
Sonida Senior Living, Inc. ("Sonida" or the "Company") (NYSE:SNDA), a leading owner, operator and investor in senior living communities, announced today that Tabitha Bailey will be appointed senior vice president and chief legal officer, effective January 1, 2025, reporting to President and Chief Executive Officer, Brandon Ribar. Ms. Bailey will succeed David Brickman, who will be stepping down from his current role to pursue other opportunities after a distinguished, 32-year career with Sonida. In the interim, Mr. Brickman and Ms. Bailey will be working closely together to ensure a seamless transition. To assist through this period, the Company and Mr. Brickman have entered into a six-mont
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
Avantax to operate as a unique community within Cetera Holdings, bringing more than 3,100 financial professionals and over $82 billion in assets to Cetera Acquisition further expands Cetera's tax and wealth management offerings and represents core component of Cetera's growth strategy DALLAS and LOS ANGELES, Nov. 27, 2023 /PRNewswire/ -- Avantax, Inc. (NASDAQ:AVTA) and Cetera Holdings, the holding company of Cetera Financial Group, announced today the successful completion of Cetera's acquisition of Avantax. Avantax is now a unique community within the Cetera family with 3,111 financial professionals, representing $82.3 billion in assets under administration and $42.0 billion in assets unde