Analysts Set Amber Road, Inc. (AMBR) PT at $12.33

Shares of Amber Road, Inc. (NYSE:AMBR) have earned a consensus rating of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $11.80.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Amber Road from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a research note on Wednesday. ValuEngine lowered shares of Amber Road from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Ladenburg Thalmann Financial Services reissued a “buy” rating and issued a $15.00 price target on shares of Amber Road in a report on Monday, June 12th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target on shares of Amber Road in a report on Monday, June 5th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $11.00 price target on shares of Amber Road in a report on Tuesday, May 9th.

In other Amber Road news, VP Albert C. Cooke III sold 4,182 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $7.30, for a total transaction of $30,528.60. Following the sale, the vice president now directly owns 8,000 shares of the company’s stock, valued at $58,400. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.10% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in AMBR. Royce & Associates LP increased its stake in shares of Amber Road by 16.0% in the second quarter. Royce & Associates LP now owns 1,586,379 shares of the software maker’s stock worth $13,595,000 after buying an additional 218,886 shares during the last quarter. Gagnon Securities LLC boosted its position in Amber Road by 16.4% in the second quarter. Gagnon Securities LLC now owns 1,328,206 shares of the software maker’s stock valued at $11,383,000 after buying an additional 187,419 shares during the period. Granahan Investment Management Inc. MA boosted its position in Amber Road by 33.3% in the first quarter. Granahan Investment Management Inc. MA now owns 1,176,456 shares of the software maker’s stock valued at $9,082,000 after buying an additional 294,196 shares during the period. Oaktop Capital Management II L.P. bought a new position in Amber Road during the second quarter valued at $8,175,000. Finally, Cortina Asset Management LLC boosted its position in Amber Road by 33.5% in the first quarter. Cortina Asset Management LLC now owns 942,759 shares of the software maker’s stock valued at $7,278,000 after buying an additional 236,423 shares during the period. 67.02% of the stock is currently owned by hedge funds and other institutional investors.

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Amber Road (NYSE AMBR) opened at 7.40 on Tuesday. The stock’s market capitalization is $200.96 million. The firm’s 50-day moving average is $8.85 and its 200 day moving average is $8.12. Amber Road has a 52-week low of $6.71 and a 52-week high of $12.30.

Amber Road (NYSE:AMBR) last posted its earnings results on Thursday, August 3rd. The software maker reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.04. Amber Road had a negative net margin of 22.59% and a negative return on equity of 50.37%. The firm had revenue of $19.70 million during the quarter, compared to analyst estimates of $19.84 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The business’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts forecast that Amber Road will post ($0.37) earnings per share for the current year.

About Amber Road

Amber Road, Inc is a provider of cloud-based global trade management (GTM) solutions. The Company’s GTM solutions include modules for logistics contract and rate management, supply chain visibility and event management, international trade compliance, and Global Knowledge trade content database to importers and exporters, non-vessel owning common carriers (resellers), and ocean carriers.

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