ChannelAdvisor Corp (NYSE:ECOM) – Analysts at KeyCorp issued their Q1 2019 earnings per share (EPS) estimates for ChannelAdvisor in a research note issued to investors on Tuesday. KeyCorp analyst M. Garg expects that the software maker will post earnings of ($0.21) per share for the quarter. KeyCorp also issued estimates for ChannelAdvisor’s Q2 2019 earnings at ($0.18) EPS, Q3 2019 earnings at ($0.18) EPS and Q4 2019 earnings at ($0.09) EPS.
A number of other brokerages have also recently commented on ECOM. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price target on shares of ChannelAdvisor in a research note on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price target on shares of ChannelAdvisor in a research note on Wednesday, November 1st. DA Davidson raised ChannelAdvisor from a “neutral” rating to a “buy” rating and set a $12.50 price target for the company in a research note on Tuesday, February 6th. BidaskClub cut ChannelAdvisor from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Finally, ValuEngine cut ChannelAdvisor from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.38.
Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of ChannelAdvisor by 300.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,636 shares of the software maker’s stock valued at $105,000 after acquiring an additional 8,729 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of ChannelAdvisor in the 3rd quarter valued at about $118,000. Citigroup Inc. increased its stake in shares of ChannelAdvisor by 166.6% in the 2nd quarter. Citigroup Inc. now owns 10,818 shares of the software maker’s stock valued at $125,000 after acquiring an additional 6,760 shares during the last quarter. Voya Investment Management LLC bought a new stake in shares of ChannelAdvisor in the 2nd quarter valued at about $136,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of ChannelAdvisor in the 2nd quarter valued at approximately $138,000. 71.36% of the stock is owned by institutional investors.
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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