Needham reiterated coverage of Avalara with a rating of Buy and set a new price target of $150.00 from $210.00 previously
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/29/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 8/16/2022 | $111.00 → $93.50 | Overweight → Equal-Weight | Morgan Stanley |
| 8/15/2022 | Outperform → Mkt Perform | Raymond James | |
| 4/25/2022 | $140.00 → $100.00 | Buy → Neutral | BofA Securities |
| 2/11/2022 | $130.00 → $138.00 | Outperform | BMO Capital Markets |
| 2/11/2022 | $200.00 → $135.00 | Buy | Stifel |
| 2/11/2022 | $220.00 → $155.00 | Outperform | Raymond James |
| 2/11/2022 | $140.00 → $160.00 | Buy | Mizuho |
JMP Securities downgraded Avalara from Mkt Outperform to Mkt Perform
Morgan Stanley downgraded Avalara from Overweight to Equal-Weight and set a new price target of $93.50 from $111.00 previously
Raymond James downgraded Avalara from Outperform to Mkt Perform
Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced that its shareholders voted to approve the pending transaction with Vista Equity Partners ("Vista") at the Company's Special Meeting of Shareholders (the "Special Meeting") held today. Approximately 80% of outstanding shares were represented at the meeting with 84% of those shares voting in favor of the proposed merger resulting in 66% of total outstanding shares in favor of the merger. Avalara will file the final vote results, as certified by the independent Inspector of Election, on a Form 8-K with the U.S. Securities and Exchange Commission. Under the terms of the tra
Reiterates Its Belief that the Transaction Comes at the Wrong Time, at the Wrong Price and Follows the Wrong Process Remains Confident in Avalara's Standalone Opportunities to Deliver Value for Shareholders SANTA ROSA, Calif., Oct. 12, 2022 /PRNewswire/ -- Altair US, LLC ("Altair" or "we"), a pre-IPO angel investor in Avalara, Inc. (NYSE: AVLR) (the "Company" or "Avalara") and one of the Company's largest shareholders, today reiterated that it intends to vote AGAINST the Company's proposed sale to Vista Equity Partners ("Vista"). Altair believes other shareholders should do the same. We encourage shareholders to join us in voting AGAINST this flawed transactionAltair issued the following s
Glass Lewis Warns Shareholders of "Questionable" Deal Timing, "Apparent Conflicts of Interest" and an "Uncompelling and Inadequate" Valuation of Avalara SANTA ROSA, Calif., Oct. 5, 2022 /PRNewswire/ -- Altair US, LLC ("Altair" or "we"), a pre-IPO angel investor in Avalara, Inc. (NYSE: AVLR) (the "Company" or "Avalara") and one of the Company's largest shareholders, today noted that leading independent proxy advisory firm Glass, Lewis & Co. ("Glass Lewis") has recommended that Avalara shareholders vote AGAINST the Company's proposed sale to Vista Equity Partners ("Vista"). In its report, Glass Lewis concluded: "We share Altair's view that the purchase price and implied valuation metrics of t
Company Cancels Earnings Call in Light of Transaction with Vista Equity Partners Second Quarter Total Revenue of $208.6 Million Total Revenue Growth of 23% From Second Quarter 2021 Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced financial results for its second quarter ended June 30, 2022. "We posted a solid second quarter delivering year-over-year total revenue growth of 23%, in line with our guidance and we outperformed on our operating income guidance. We remain focused on delivering on the 2025 growth and profitability targets that we laid out at our recent Investor Day," said Scott McFarlane, Avalara co-founder
Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced that it will report financial results for its second quarter ended June 30, 2022 on Monday, August 8, 2022 after market close. Avalara will host a conference call and webcast at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day to discuss its financial results and business highlights. Avalara Second Quarter 2022 Earnings Conference Call When: Monday, August 8, 2022 Time: 2:00 p.m. PT (5:00 p.m. ET) Conference Call: (888) 660-6196 from the United States, (929) 203-1824 International, with Conference ID 5816067; please dial in at least 15 minutes prio
First Quarter Total Revenue of $204.5 Million Total Revenue Growth of 33% From First Quarter 2021 Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced financial results for its first quarter ended March 31, 2022. "We started 2022 with another strong quarter, exceeding our guidance and achieving topline revenue growth of 33% year-over-year," said Scott McFarlane, Avalara co-founder and chief executive officer. "Mounting complexity in today's digital-first world is pushing global demand for compliance automation. We continue to execute our strategy to build the global cloud compliance platform to achieve our vision of being
SC 13G/A - AVALARA, INC. (0001348036) (Subject)
SC 13G - AVALARA, INC. (0001348036) (Subject)
SC 13G - AVALARA, INC. (0001348036) (Subject)
15-12G - AVALARA, INC. (0001348036) (Filer)
S-8 POS - AVALARA, INC. (0001348036) (Filer)
S-8 POS - AVALARA, INC. (0001348036) (Filer)
4 - AVALARA, INC. (0001348036) (Issuer)
4 - AVALARA, INC. (0001348036) (Issuer)
4 - AVALARA, INC. (0001348036) (Issuer)
Avalara, Inc. (NYSE:AVLR), a leading provider of cloud-based tax compliance automation for businesses of all sizes, today announced the appointment of human resources leader Ee Lyn Khoo as its new chief people officer. Her responsibilities include overseeing all global people and culture-related initiatives, including human resources; talent management and acquisition; diversity and inclusion; learning and development; total rewards including compensation and benefits; and organizational development. Ee Lyn brings two decades of human resources and diversity, equity, and inclusion experience to Avalara. She has held human resource leadership roles at global companies, including Amazon and
Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation software for businesses of all sizes, today announced the appointment of global finance leader Marcela Martin to its board of directors. Martin is chief financial officer of Squarespace, the all-in-one website building platform, where she oversees the company's finance and corporate development functions. Prior to Squarespace, she was chief financial officer at Booking.com, where she led finance operations, risk management, corporate development, and M&A. Martin brings more than 25 years of global finance and leadership experience across consumer technology, software, and SaaS verticals with high-growth companies to
Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation software for businesses of all sizes, today announced the appointment of global technology leader and innovator Srinivas Tallapragada and retired Lieutenant General Bruce Crawford to its board of directors. Tallapragada is president and chief engineering officer of Salesforce, the leader in customer relationship management, where he leads a global team responsible for building and managing the company's products and platform. Prior to Salesforce, he held multiple leadership roles at Oracle and SAP, where he led enterprise software development and was responsible for the integration of numerous acquisitions. Tallapra
Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced that its shareholders voted to approve the pending transaction with Vista Equity Partners ("Vista") at the Company's Special Meeting of Shareholders (the "Special Meeting") held today. Approximately 80% of outstanding shares were represented at the meeting with 84% of those shares voting in favor of the proposed merger resulting in 66% of total outstanding shares in favor of the merger. Avalara will file the final vote results, as certified by the independent Inspector of Election, on a Form 8-K with the U.S. Securities and Exchange Commission. Under the terms of the tran
Avalara Urges Shareholders to Vote "FOR" Value Maximizing Transaction on WHITE Proxy Card Avalara, Inc. (NYSE:AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") has recommended that shareholders vote "FOR" the pending transaction with Vista Equity Partners ("Vista") at the Company's upcoming Special Meeting of Shareholders (the "Special Meeting") scheduled for October 14, 2022. In its September 30, 2022, report, ISS noted1: "… the proposed transaction provides certainty of value, at a premium to the unaffected price, compared to the significant downsid
Workiva Inc (NYSE:WK), a cloud application provider for reporting and compliance, attracted takeover interest from private equity firms. Thoma Bravo and TPG are among firms that have held financing discussions with direct lenders to support a potential transaction, Bloomberg reports. Workiva, led by CEO Martin Vanderploeg, had a market valuation of about $3.5 billion before reports of the takeover interest. In August, Workiva reported second-quarter revenue growth of 24.6% to $131.5 million, beating the consensus of $126.1 million. Non-GAAP EPS loss of $(0.17) beat the consensus loss of $(0.26). Subscription and support revenue contributed $113.4 million, up 24.3%. Professional service