Research Analysts Set Expectations for ChannelAdvisor Corp’s Q4 2018 Earnings (ECOM)

ChannelAdvisor Corp (NYSE:ECOM) – DA Davidson issued their Q4 2018 earnings per share estimates for ChannelAdvisor in a research report issued to clients and investors on Tuesday. DA Davidson analyst T. Forte anticipates that the software maker will post earnings of $0.00 per share for the quarter. DA Davidson has a “Buy” rating and a $12.50 price objective on the stock. DA Davidson also issued estimates for ChannelAdvisor’s FY2022 earnings at $0.16 EPS.

Several other analysts have also commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price objective on shares of ChannelAdvisor in a report on Friday, November 3rd. Zacks Investment Research lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of ChannelAdvisor in a report on Wednesday, November 1st. Dougherty & Co started coverage on ChannelAdvisor in a report on Tuesday, December 19th. They issued a “neutral” rating for the company. Finally, BidaskClub lowered ChannelAdvisor from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.13.

Shares of ChannelAdvisor (ECOM) remained flat at $$9.05 on Wednesday. The company’s stock had a trading volume of 28,212 shares, compared to its average volume of 71,226. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.01. ChannelAdvisor has a 1 year low of $8.30 and a 1 year high of $14.70. The company has a market cap of $241.78, a P/E ratio of -22.62 and a beta of 0.10.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ECOM. Prudential Financial Inc. purchased a new position in ChannelAdvisor during the third quarter valued at $118,000. Citigroup Inc. lifted its position in ChannelAdvisor by 166.6% during the second quarter. Citigroup Inc. now owns 10,818 shares of the software maker’s stock valued at $125,000 after purchasing an additional 6,760 shares in the last quarter. Voya Investment Management LLC purchased a new position in ChannelAdvisor during the second quarter valued at $136,000. Cubist Systematic Strategies LLC purchased a new position in ChannelAdvisor during the second quarter valued at $138,000. Finally, Alliancebernstein L.P. purchased a new position in ChannelAdvisor during the second quarter valued at $193,000. Institutional investors own 76.15% of the company’s stock.

In related news, Director Joseph L. Cowan bought 16,870 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average cost of $8.48 per share, for a total transaction of $143,057.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph L. Cowan bought 3,130 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average price of $8.58 per share, for a total transaction of $26,855.40. Following the completion of the transaction, the director now directly owns 22,803 shares of the company’s stock, valued at approximately $195,649.74. The disclosure for this purchase can be found here. Insiders own 11.30% of the company’s stock.

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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.

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