ChannelAdvisor Corporation (NYSE:ECOM) will be releasing its earnings data after the market closes on Thursday, November 2nd. Analysts expect ChannelAdvisor Corporation to post earnings of ($0.05) per share for the quarter.
ChannelAdvisor Corporation (NYSE:ECOM) last issued its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.05). The firm had revenue of $30.00 million for the quarter, compared to the consensus estimate of $28.65 million. ChannelAdvisor Corporation had a negative net margin of 7.42% and a negative return on equity of 7.63%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted ($0.11) EPS. On average, analysts expect ChannelAdvisor Corporation to post $-0.03 EPS for the current fiscal year and $0.07 EPS for the next fiscal year.
Shares of ChannelAdvisor Corporation (NYSE ECOM) opened at 11.25 on Wednesday. The company’s market cap is $297.35 million. The firm’s 50-day moving average is $11.58 and its 200-day moving average is $11.32. ChannelAdvisor Corporation has a 12 month low of $9.80 and a 12 month high of $15.85.
A number of equities analysts have issued reports on the stock. BidaskClub upgraded shares of ChannelAdvisor Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 target price on shares of ChannelAdvisor Corporation in a research note on Sunday, September 17th. DA Davidson assumed coverage on shares of ChannelAdvisor Corporation in a research note on Friday, September 22nd. They set a “neutral” rating and a $12.50 target price on the stock. First Analysis raised shares of ChannelAdvisor Corporation from an “equal weight” rating to an “overweight” rating and set a $13.00 target price on the stock in a research note on Thursday, August 31st. Finally, KeyCorp reaffirmed a “hold” rating on shares of ChannelAdvisor Corporation in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. ChannelAdvisor Corporation presently has an average rating of “Hold” and a consensus price target of $14.50.
In related news, insider M Scot Wingo sold 15,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $11.72, for a total transaction of $175,800.00. Following the sale, the insider now owns 807,896 shares of the company’s stock, valued at $9,468,541.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marc Huffman acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $100,000.00. Following the purchase, the director now directly owns 36,411 shares of the company’s stock, valued at $364,110. The disclosure for this purchase can be found here. Insiders have sold a total of 45,000 shares of company stock worth $512,550 in the last ninety days. Insiders own 11.30% of the company’s stock.
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ChannelAdvisor Corporation Company Profile
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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