Amber Road, Inc. (NYSE:AMBR) Raised to Buy at Zacks Investment Research

Amber Road, Inc. (NYSE:AMBR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, August 9th. The firm currently has a $9.00 target price on the software maker’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 19.52% from the company’s previous close.

According to Zacks, “Amber Road, Inc. operates as a provider of on-demand Global Trade Management solutions. It offers import and export, global logistics, and trade agreement management solutions worldwide. The Company’s solutions include Enterprise-Class Software, Trade Content, Supply Chain Network, Flexible Technology and SaaS Delivery. It offers its solution to enterprises in various industries, including chemical/pharmaceutical, high technology/electronics, industrial/manufacturing, logistics, oil and gas, and retail/apparel through a software-as-a-service model. Amber Road, Inc. is headquartered in East Rutherford, New Jersey. “

Several other research analysts have also commented on the stock. ValuEngine lowered shares of Amber Road from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Canaccord Genuity reiterated a “buy” rating and set a $11.00 target price on shares of Amber Road in a research report on Tuesday, May 9th. Ladenburg Thalmann Financial Services reiterated a “buy” rating and set a $15.00 target price on shares of Amber Road in a research report on Monday, June 12th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $11.00 target price on shares of Amber Road in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $11.50.

Amber Road (NYSE AMBR) traded down 0.40% during midday trading on Wednesday, reaching $7.53. 107,358 shares of the company were exchanged. The company has a 50-day moving average of $8.71 and a 200 day moving average of $8.06. Amber Road has a 52 week low of $6.71 and a 52 week high of $12.30. The firm’s market capitalization is $204.50 million.

Amber Road (NYSE:AMBR) last posted its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.04. The company had revenue of $19.70 million during the quarter, compared to analyst estimates of $19.84 million. Amber Road had a negative net margin of 22.59% and a negative return on equity of 53.03%. Amber Road’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.11) earnings per share. Equities analysts predict that Amber Road will post ($0.37) earnings per share for the current year.

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In other news, VP Albert C. Cooke III sold 4,182 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $7.30, for a total transaction of $30,528.60. Following the sale, the vice president now owns 8,000 shares in the company, valued at $58,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas E. Conway sold 4,843 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $7.46, for a total value of $36,128.78. Following the sale, the chief financial officer now owns 4,843 shares in the company, valued at approximately $36,128.78. The disclosure for this sale can be found here. Insiders own 13.10% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. State Street Corp raised its stake in shares of Amber Road by 19.7% in the fourth quarter. State Street Corp now owns 244,206 shares of the software maker’s stock worth $2,216,000 after buying an additional 40,267 shares in the last quarter. AQR Capital Management LLC bought a new stake in Amber Road during the fourth quarter valued at approximately $333,000. Teachers Advisors LLC raised its stake in Amber Road by 38.8% in the fourth quarter. Teachers Advisors LLC now owns 45,409 shares of the software maker’s stock valued at $412,000 after buying an additional 12,698 shares in the last quarter. Nationwide Fund Advisors raised its stake in Amber Road by 9.1% in the first quarter. Nationwide Fund Advisors now owns 60,463 shares of the software maker’s stock valued at $467,000 after buying an additional 5,028 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in Amber Road by 32.9% in the first quarter. Essex Investment Management Co. LLC now owns 141,486 shares of the software maker’s stock valued at $1,092,000 after buying an additional 34,996 shares in the last quarter. Hedge funds and other institutional investors own 68.77% of the company’s stock.

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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