Needham reiterated coverage of Avalara with a rating of Buy and set a new price target of $150.00 from $210.00 previously
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| 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 |
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