Avalara NYSE:AVLR Stock Report

Avalara, Inc. Announces Transfer Pricing Reports for Accountants Automates Transfer Pricing Documentation

Co-Founder exercised options and sold US$1.3m worth of stock

On the 10th of May, Scott McFarlane exercised 20k options at a strike price of around US$16.60 and sold these shares for an average price of US$80.00 per share. This trade did not impact their existing holding. For the year to December 2016, Scott's total compensation was 5% salary and 95% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since June 2021, Scott's direct individual holding has increased from 707.60k shares to 713.02k. Company insiders have collectively sold US$49m more than they bought, via options and on-market transactions in the last 12 months.

Now 21% undervalued after recent price drop

Over the last 90 days, the stock is down 36%. The fair value is estimated to be US$90.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has declined by 17%. Revenue is forecast to grow by 50% in 2 years. Earnings is forecast to grow by 35% in the next 2 years.

Avalara, Inc. Announces the Launch of Avalara Mylodgetax Pro, A SaaS Solution That Helps Managers of Multiple Short-Term Rental Properties Increase Efficiency and Ensure Compliance Through Automation

Avalara, Inc. announced the launch of Avalara MyLodgeTax Pro, a SaaS solution that helps managers of multiple short-term rental properties increase efficiency and ensure compliance through automation. The new offering from Avalara streamlines the calculation of occupancy and sales and use taxes, completes and maintains tax-related lodging registrations/permits for clients, and automates end-to-end tax returns and remittance to applicable jurisdictions. MyLodgeTax Pro is designed specifically for professional property managers with 5–40,000 properties, who must navigate complex regulations to help mitigate compliance risk for their clients. As online marketplaces assume more responsibility for the remittance of certain taxes, MyLodgeTax Pro helps account for these agreements, reducing the risk of overpayment (or underpayment) of lodging taxes. The system eases headaches for property managers by improving efficiencies in managing client compliance obligations and allowing managers to focus less on compliance and more on revenue-driving activities. MyLodgeTax Pro can help reduce the time and resources required to achieve tax and regulatory compliance, providing the following benefits to short-term rental property managers: Reduces audit risk exposure and noncompliance through up-to-date tax content; Provides registration with state and local tax agencies based on property information provided; Determines lodging tax rates based on the property’s address; Helps prepare, file, and pay lodging taxes when due; Facilitates comprehensive reporting to support internal or external audit requirements; Provides support for tax agency correspondence and notifications management; and Includes ongoing support from industry experts for easy setup.