ChannelAdvisor Corporation (NYSE:ECOM) has earned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.00.
Several equities research analysts have recently weighed in on ECOM shares. William Blair restated a “market perform” rating on shares of ChannelAdvisor Corporation in a report on Thursday, May 4th. First Analysis cut shares of ChannelAdvisor Corporation from an “overweight” rating to an “equal weight” rating in a report on Tuesday, May 9th. ValuEngine upgraded shares of ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a report on Thursday, May 18th. TheStreet cut shares of ChannelAdvisor Corporation from a “c-” rating to a “d+” rating in a report on Monday, June 5th. Finally, Zacks Investment Research raised shares of ChannelAdvisor Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday, June 13th.
Shares of ChannelAdvisor Corporation (NYSE ECOM) opened at 10.45 on Monday. The firm’s 50-day moving average price is $10.95 and its 200 day moving average price is $11.46. ChannelAdvisor Corporation has a 52 week low of $9.85 and a 52 week high of $15.85. The firm’s market cap is $276.20 million.
ChannelAdvisor Corporation (NYSE:ECOM) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.05. ChannelAdvisor Corporation had a negative return on equity of 7.63% and a negative net margin of 7.42%. The firm had revenue of $30 million for the quarter, compared to analyst estimates of $28.65 million. During the same quarter last year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts anticipate that ChannelAdvisor Corporation will post ($0.02) EPS for the current year.
In other news, Director Marc Huffman acquired 10,000 shares of ChannelAdvisor Corporation stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of $10.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now owns 36,411 shares in the company, valued at $364,110. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $11.09, for a total transaction of $166,350.00. Following the transaction, the insider now directly owns 852,896 shares of the company’s stock, valued at approximately $9,458,616.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,000 shares of company stock worth $509,550. Insiders own 11.30% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. A.R.T. Advisors LLC bought a new stake in shares of ChannelAdvisor Corporation during the fourth quarter valued at about $159,000. Two Sigma Investments LP raised its stake in shares of ChannelAdvisor Corporation by 183.2% in the fourth quarter. Two Sigma Investments LP now owns 95,429 shares of the software maker’s stock valued at $1,369,000 after buying an additional 61,732 shares during the last quarter. State Street Corp raised its stake in shares of ChannelAdvisor Corporation by 2.8% in the fourth quarter. State Street Corp now owns 368,330 shares of the software maker’s stock valued at $5,285,000 after buying an additional 10,000 shares during the last quarter. Shapiro Capital Management LLC raised its stake in shares of ChannelAdvisor Corporation by 1.3% in the first quarter. Shapiro Capital Management LLC now owns 3,757,017 shares of the software maker’s stock valued at $41,891,000 after buying an additional 47,586 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of ChannelAdvisor Corporation during the first quarter valued at about $314,000. Institutional investors and hedge funds own 81.14% of the company’s stock.
About ChannelAdvisor Corporation
Channeladvisor Corporation is a provider of Software as a service (SaaS) solutions. The Company’s SaaS solutions enable retailer and branded manufacturer customers to integrate, manage and optimize their merchandise sales via hundreds of online channels. The Company’s platform enable its customers to connect with new and existing sources of demand for their products, including e-commerce marketplaces, such as Amazon, eBay, Jet.com, Newegg, Sears and Walmart, search engines and comparison shopping Websites, such as Google, Microsoft’s Bing and Nextag, and social channels, such as Facebook, Instagram and Pinterest.
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