ChannelAdvisor Corp (ECOM) Receives $14.13 Consensus PT from Analysts

ChannelAdvisor Corp (NYSE:ECOM) has earned a consensus recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $14.13.

Several research firms have recently issued reports on ECOM. BidaskClub raised shares of ChannelAdvisor from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. First Analysis raised shares of ChannelAdvisor from an “equal weight” rating to an “overweight” rating and set a $13.00 price target on the stock in a research report on Thursday, August 31st. DA Davidson began coverage on shares of ChannelAdvisor in a research report on Friday, September 22nd. They issued a “neutral” rating and a $12.50 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of ChannelAdvisor in a research report on Sunday, September 17th. Finally, KeyCorp reissued a “hold” rating on shares of ChannelAdvisor in a research report on Friday, August 25th.

In other news, CFO Mark Cook acquired 10,000 shares of ChannelAdvisor stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average price of $8.80 per share, with a total value of $88,000.00. Following the completion of the purchase, the chief financial officer now owns 153,445 shares in the company, valued at $1,350,316. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph L. Cowan acquired 16,870 shares of ChannelAdvisor stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of $8.48 per share, with a total value of $143,057.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 30,000 shares of company stock valued at $257,913. 11.30% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC purchased a new position in ChannelAdvisor in the 2nd quarter worth approximately $26,368,000. Archon Capital Management LLC grew its stake in ChannelAdvisor by 42.7% in the 3rd quarter. Archon Capital Management LLC now owns 839,874 shares of the software maker’s stock worth $9,659,000 after buying an additional 251,364 shares in the last quarter. Northern Trust Corp grew its stake in ChannelAdvisor by 14.8% in the 2nd quarter. Northern Trust Corp now owns 421,849 shares of the software maker’s stock worth $4,872,000 after buying an additional 54,473 shares in the last quarter. Geode Capital Management LLC grew its stake in ChannelAdvisor by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 176,351 shares of the software maker’s stock worth $1,965,000 after buying an additional 11,937 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in ChannelAdvisor by 5.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,055,788 shares of the software maker’s stock worth $12,194,000 after buying an additional 57,863 shares in the last quarter. 81.72% of the stock is owned by institutional investors and hedge funds.

ChannelAdvisor (NYSE ECOM) traded up $0.25 during midday trading on Thursday, hitting $9.30. 221,122 shares of the stock traded hands, compared to its average volume of 215,225. ChannelAdvisor has a one year low of $8.30 and a one year high of $15.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 1.94.

ChannelAdvisor (NYSE:ECOM) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.02. ChannelAdvisor had a negative net margin of 8.54% and a negative return on equity of 9.48%. The company had revenue of $30.10 million for the quarter, compared to analyst estimates of $30.08 million. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. research analysts predict that ChannelAdvisor will post -0.58 earnings per share for the current fiscal year.

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ChannelAdvisor 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.

Analyst Recommendations for ChannelAdvisor (NYSE:ECOM)

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