Canaccord Genuity analyst David Hynes maintained a Buy rating on Avalara (NYSE:AVLR) Inc on Monday, setting a price target of $150, which is approximately 12.60% above the present share price of $133.21.
Hynes expects Avalara Inc to post earnings per share (EPS) of -$0.13 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Avalara, with an average price target of $149.83.
The analysts price targets range from a high of $159 to a low of $140.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $116.49 million and a net profit of -$10.05 million. The company's market cap is $11 billion.
According to TipRanks.com, Canaccord Genuity analyst David Hynes is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 32.4% and a 77.52% success rate.
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.