Amber Road, Inc. (AMBR) Rating Reiterated by Needham & Company LLC

Amber Road, Inc. (NYSE:AMBR)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday. They currently have a $11.00 price target on the software maker’s stock. Needham & Company LLC’s target price indicates a potential upside of 47.45% from the company’s current price.

Separately, Zacks Investment Research downgraded Amber Road from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Amber Road presently has a consensus rating of “Hold” and an average target price of $11.50.

Amber Road (NYSE AMBR) opened at 7.46 on Wednesday. Amber Road has a one year low of $6.71 and a one year high of $12.30. The company’s market capitalization is $202.60 million. The stock’s 50 day moving average price is $7.85 and its 200-day moving average price is $8.05.

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

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In other Amber Road news, 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 transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James W. Preuninger sold 17,162 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $7.87, for a total value of $135,064.94. Following the sale, the chief executive officer now owns 1,877,222 shares in the company, valued at approximately $14,773,737.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,424 shares of company stock worth $633,622. 13.10% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of AMBR. Bank of New York Mellon Corp grew its stake in Amber Road by 67.9% during the 1st quarter. Bank of New York Mellon Corp now owns 146,042 shares of the software maker’s stock valued at $1,128,000 after purchasing an additional 59,085 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in Amber Road by 19.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 127,093 shares of the software maker’s stock valued at $981,000 after purchasing an additional 20,701 shares during the last quarter. Geode Capital Management LLC grew its stake in Amber Road by 1.7% during the 1st quarter. Geode Capital Management LLC now owns 134,082 shares of the software maker’s stock valued at $1,035,000 after purchasing an additional 2,288 shares during the last quarter. Highbridge Capital Management LLC grew its stake in Amber Road by 269.2% during the 1st quarter. Highbridge Capital Management LLC now owns 41,702 shares of the software maker’s stock valued at $322,000 after purchasing an additional 30,406 shares during the last quarter. Finally, Gagnon Advisors LLC grew its stake in Amber Road by 18.7% during the 2nd quarter. Gagnon Advisors LLC now owns 657,339 shares of the software maker’s stock valued at $5,633,000 after purchasing an additional 103,714 shares during the last quarter. Institutional investors and hedge funds own 71.42% 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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